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Segment Information | 9 Months Ended
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Oct. 01, 2011
Segment Information [Abstract] |
Segment Information | 5. SEGMENT INFORMATION The Company manages its business primarily on a geographic basis. The Company's reportable operating segments are comprised of North America wholesale, Europe wholesale, Asia Pacific wholesale and Direct to consumer. The North America wholesale, Europe wholesale and Asia Pacific wholesale reportable segments do not include activities related to the Direct to consumer segment. The North America wholesale segment primarily includes sales to wholesale or distributor customers based in Canada, Mexico, the United States and countries in South America. The Europe wholesale segment primarily includes sales to wholesale or distributor customers based in European countries, the Middle East and Africa. The Asia Pacific wholesale segment primarily includes sales to wholesale or distributor customers based in Australia, China (including the Company's assembly and procurement operations), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Direct to consumer segment includes Company-owned retail stores, e-commerce sales and catalog activities. Each reportable operating segment provides similar products and services. The Company evaluates the performance of its reportable segments based on net sales and operating income. Net sales for geographic segments are generally based on the location of the customers. Operating income for each segment includes net sales to third-parties, related cost of sales and operating expenses directly attributable to the segment. General corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management and amounts related to intercompany eliminations, are not allocated to the various segments. Intercompany sales of products between segments are referred to as intersegment items. Summary information by operating segment was as follows (in thousands):
|  | For the 13 Weeks Ended October 1, 2011 |  |  | For the 13 Weeks Ended October 2, 2010 |
|  | Net Sales |  |  | Operating Income (Loss) |  |  | Net Sales |  |  | Operating Income (Loss) |
North America wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 240,642 |  |  | $ | 58,116 |  |  | $ | 207,674 |  |  | $ | 55,737 |
Intersegment |  |  | 40,163 |  |  |  |  |  |  |  | 34,822 |  |  |  |  |
Europe wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 178,254 |  |  |  | 53,121 |  |  |  | 137,033 |  |  |  | 44,223 |
Intersegment |  |  | 46,326 |  |  |  |  |  |  |  | 33,312 |  |  |  |  |
Asia Pacific wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 78,602 |  |  |  | 28,957 |  |  |  | 60,929 |  |  |  | 24,594 |
Intersegment |  |  | 213,738 |  |  |  |  |  |  |  | 182,805 |  |  |  |  |
Direct to consumer |  |  | 145,412 |  |  |  | 18,579 |  |  |  | 118,189 |  |  |  | 14,951 |
Intersegment items |  |  | (300,227 | ) |  |  |  |  |  |  | (250,939 | ) |  |  |  |
Corporate |  |  |  |  |  |  | (39,964 | ) |  |  |  |  |  |  | (28,235 | )
Consolidated |  | $ | 642,910 |  |  | $ | 118,809 |  |  | $ | 523,825 |  |  | $ | 111,270 |
|  | For the 39 Weeks Ended October 1, 2011 |  |  | For the 39 Weeks Ended October 2, 2010 |
|  | Net Sales |  |  | Operating Income (Loss) |  |  | Net Sales |  |  | Operating Income (Loss) |
North America wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  | $ | 660,442 |  |  | $ | 164,620 |  |  | $ | 517,338 |  |  | $ | 126,271 |
Intersegment |  |  | 103,954 |  |  |  |  |  |  |  | 87,107 |  |  |  |  |
Europe wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 471,874 |  |  |  | 120,636 |  |  |  | 357,201 |  |  |  | 96,441 |
Intersegment |  |  | 111,056 |  |  |  |  |  |  |  | 60,221 |  |  |  |  |
Asia Pacific wholesale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External customers |  |  | 210,674 |  |  |  | 74,506 |  |  |  | 146,079 |  |  |  | 51,037 |
Intersegment |  |  | 497,795 |  |  |  |  |  |  |  | 418,153 |  |  |  |  |
Direct to consumer |  |  | 393,556 |  |  |  | 41,486 |  |  |  | 308,996 |  |  |  | 31,159 |
Intersegment items |  |  | (712,805 | ) |  |  |  |  |  |  | (565,481 | ) |  |  |  |
Corporate |  |  |  |  |  |  | (103,621 | ) |  |  |  |  |  |  | (78,029 | )
Consolidated |  | $ | 1,736,546 |  |  | $ | 297,627 |  |  | $ | 1,329,614 |  |  | $ | 226,879 |
The following table reflects revenue for each class of similar products in the periods presented (in thousands except percentage data):
|  | For the 13 Weeks Ended October 1, 2011 |  |  | For the 13 Weeks Ended October 2, 2010 |
|  | Amounts |  |  | Percentage of Total |  |  | Amounts |  |  | Percentage of Total |
Watches |  | $ | 464,438 |  |  |  | 72.2 | % |  | $ | 372,036 |  |  |  | 71.0 | %
Leathers |  |  | 108,628 |  |  |  | 16.9 |  |  |  | 86,728 |  |  |  | 16.6 |
Jewelry |  |  | 46,943 |  |  |  | 7.3 |  |  |  | 41,925 |  |  |  | 8.0 |
Other |  |  | 22,901 |  |  |  | 3.6 |  |  |  | 23,136 |  |  |  | 4.4 |
Total |  | $ | 642,910 |  |  |  | 100.0 | % |  | $ | 523,825 |  |  |  | 100.0 | %
|  | For the 39 Weeks Ended October 1, 2011 |  |  | For the 39 Weeks Ended October 2, 2010 |
|  | Amounts |  |  | Percentage of Total |  |  | Amounts |  |  | Percentage of Total |
Watches |  | $ | 1,236,774 |  |  |  | 71.2 | % |  | $ | 914,749 |  |  |  | 68.8 | %
Leathers |  |  | 290,867 |  |  |  | 16.8 |  |  |  | 229,500 |  |  |  | 17.3 |
Jewelry |  |  | 127,592 |  |  |  | 7.3 |  |  |  | 108,119 |  |  |  | 8.1 |
Other |  |  | 81,313 |  |  |  | 4.7 |  |  |  | 77,246 |  |  |  | 5.8 |
Total |  | $ | 1,736,546 |  |  |  | 100.0 | % |  | $ | 1,329,614 |  |  |  | 100.0 | %
The following table reflects total assets for each reporting segment on the dates presented (in thousands):
|  | Total Assets |
|  | October 1, 2011 |  |  | January 1, 2011 |
North America wholesale |  | $ | 522,747 |  |  | $ | 585,616 |
Europe wholesale |  |  | 374,561 |  |  |  | 383,301 |
Asia Pacific wholesale |  |  | 267,950 |  |  |  | 188,459 |
Direct to consumer |  |  | 234,775 |  |  |  | 217,620 |
Corporate |  |  | 136,157 |  |  |  | 92,577 |
Consolidated |  | $ | 1,536,190 |  |  | $ | 1,467,573 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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