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Segment Information (Tables) | 6 Months Ended
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Aug. 03, 2024
Segment Reporting [Abstract] |
Schedule of Net Revenue and Earnings (Loss) From Operations by Segment | Net revenue and earnings (loss) from operations are summarized (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 3, 2024 |  | Jul 29, 2023 |  | Aug 3, 2024 |  | Jul 29, 2023
Net revenue: |  |  |  |  |  |  |
Europe | $ | 383,230 |  |  | $ | 366,311 |  |  | $ | 667,103 |  |  | $ | 646,509 |
Americas Retail | 181,494 |  |  | 167,568 |  |  | 325,690 |  |  | 311,112 |
Americas Wholesale | 84,404 |  |  | 43,680 |  |  | 146,532 |  |  | 95,073 |
Asia | 54,332 |  |  | 58,937 |  |  | 127,088 |  |  | 129,712 |
Licensing | 29,100 |  |  | 28,016 |  |  | 58,090 |  |  | 51,904 |
Total net revenue | $ | 732,560 |  |  | $ | 664,512 |  |  | $ | 1,324,503 |  |  | $ | 1,234,310 |
Earnings (loss) from operations: |  |  |  |  |  |  |
Europe | $ | 37,394 |  |  | $ | 47,196 |  |  | $ | 36,955 |  |  | $ | 48,789 |
Americas Retail | 2,693 |  |  | 15,261 |  |  | (7,698) |  |  | 11,974 |
Americas Wholesale | 15,980 |  |  | 11,065 |  |  | 30,107 |  |  | 24,158 |
Asia | (1,224) |  |  | (539) |  |  | 2,517 |  |  | 3,291 |
Licensing | 27,136 |  |  | 26,354 |  |  | 53,814 |  |  | 48,649 |
Total segment earnings from operations | 81,979 |  |  | 99,337 |  |  | 115,695 |  |  | 136,861 |
Corporate overhead | (45,707) |  |  | (34,546) |  |  | (98,170) |  |  | (71,058) |
Asset impairment charges 1 | (2,277) |  |  | (2,622) |  |  | (3,418) |  |  | (4,556) |
Net gains on lease modifications 2 | — |  |  | 2,431 |  |  | — |  |  | 2,431 |
Gain on sale of assets 3 | 13,781 |  |  | — |  |  | 13,781 |  |  | — |
Total earnings from operations | $ | 47,776 |  |  | $ | 64,600 |  |  | $ | 27,888 |  |  | $ | 63,678 |
______________________________________________________________________ Notes: 1 During the three and six months ended August 3, 2024 and the three and six months ended July 29, 2023, 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 16 for more information regarding these asset impairment charges. 2 During the three and six months ended July 29, 2023, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements. 3 During three and six months ended August 3, 2024 the Company recorded a gain on the sale of assets related to the U.S. distribution center.
Schedule of Net Revenue 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 (in thousands):
| Three Months Ended |  | Six Months Ended
| Aug 3, 2024 |  | Jul 29, 2023 |  | Aug 3, 2024 |  | Jul 29, 2023
Net revenue: |  |  |  |  |  |  |
U.S. | $ | 200,987 |  |  | $ | 145,181 |  |  | $ | 343,839 |  |  | $ | 279,133 |
Italy | 78,179 |  |  | 81,290 |  |  | 135,721 |  |  | 141,660 |
Germany | 52,061 |  |  | 47,960 |  |  | 85,289 |  |  | 80,324 |
South Korea | 30,823 |  |  | 34,901 |  |  | 79,691 |  |  | 82,490 |
Spain | 39,884 |  |  | 40,119 |  |  | 70,116 |  |  | 69,355 |
Canada | 32,587 |  |  | 37,636 |  |  | 61,890 |  |  | 70,210 |
Mexico | 30,044 |  |  | 23,756 |  |  | 60,249 |  |  | 47,552 |
Other countries | 238,895 |  |  | 225,653 |  |  | 429,618 |  |  | 411,682 |
Total product sales | 703,460 |  |  | 636,496 |  |  | 1,266,413 |  |  | 1,182,406 |
Net royalties | 29,100 |  |  | 28,016 |  |  | 58,090 |  |  | 51,904 |
Net revenue | $ | 732,560 |  |  | $ | 664,512 |  |  | $ | 1,324,503 |  |  | $ | 1,234,310 |

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