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Major Customer, Segment And Geographic Information | 12 Months Ended
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Dec. 31, 2011
Major Customer, Segment And Geographic Information [Abstract] |
Major Customer, Segment And Geographic Information | 17. Major Customer, Segment and Geographic Information In accordance with ASC 280, Segment Reporting ("ASC 280") the Company reports segment information based on the "management" approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments. Major Customer Wholesale customers of the Company consist principally of major department stores and specialty retail stores located throughout the world. No individual customer accounts for 10% or more of the Company's net sales. 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. Certain reclassifications were made to prior fiscal year amounts to conform with current fiscal year presentation. Due to changes in the Company's reportable segments as discussed in Note 1 to the consolidated financial statements, segment results for fiscal years 2009 were recast to present results on a comparable basis. These changes had no impact on consolidated net sales or operating income. Summary information by operating segment is as follows (in thousands):
|  | Fiscal Year 2011 |
|  | Net Sales |  |  | Operating Income |  |  | Depreciation and Amortization |  |  | Long-lived Assets |  |  | Total Assets |
North America wholesale: |  |  |  |  |  |  |  |  |  | $ | 2,912 |  |  | $ | 65,332 |  |  | $ | 524,615 |
External customers |  | $ | 967,493 |  |  | $ | 235,003 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 161,640 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe wholesale: |  |  |  |  |  |  |  |  |  |  | 5,377 |  |  |  | 83,107 |  |  |  | 436,775 |
External customers |  |  | 695,391 |  |  |  | 187,762 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 154,654 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific wholesale: |  |  |  |  |  |  |  |  |  |  | 2,448 |  |  |  | 16,067 |  |  |  | 258,343 |
External customers |  |  | 297,045 |  |  |  | 108,756 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 709,336 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to consumer |  |  | 607,373 |  |  |  | 87,187 |  |  |  | 21,409 |  |  |  | 141,039 |  |  |  | 246,911 |
Intersegment items |  |  | (1,025,630 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  |  |  |  |  |  | (146,717 | ) |  |  | 13,074 |  |  |  | 101,975 |  |  |  | 176,278 |
Consolidated |  | $ | 2,567,302 |  |  | $ | 471,991 |  |  | $ | 45,220 |  |  | $ | 407,520 |  |  | $ | 1,642,922 |
|  | Fiscal Year 2010 |
|  | Net Sales |  |  | Operating Income |  |  | Depreciation and Amortization |  |  | Long-lived Assets |  |  | Total Assets |
North America wholesale: |  |  |  |  |  |  |  |  |  | $ | 3,547 |  |  | $ | 98,970 |  |  | $ | 585,616 |
External customers |  | $ | 779,159 |  |  | $ | 188,155 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 151,304 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe wholesale: |  |  |  |  |  |  |  |  |  |  | 3,954 |  |  |  | 85,048 |  |  |  | 383,301 |
External customers |  |  | 547,428 |  |  |  | 154,729 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 100,661 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific wholesale: |  |  |  |  |  |  |  |  |  |  | 2,291 |  |  |  | 17,193 |  |  |  | 188,459 |
External customers |  |  | 220,777 |  |  |  | 82,037 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 592,403 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to consumer |  |  | 483,326 |  |  |  | 66,339 |  |  |  | 21,452 |  |  |  | 96,017 |  |  |  | 217,620 |
Intersegment items |  |  | (844,368 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  |  |  |  |  |  | (114,846 | ) |  |  | 9,058 |  |  |  | 29,528 |  |  |  | 92,577 |
Consolidated |  | $ | 2,030,690 |  |  | $ | 376,414 |  |  | $ | 40,302 |  |  | $ | 326,756 |  |  | $ | 1,467,573 |
|  | Fiscal Year 2009 |
|  | Net Sales |  |  | Operating Income |  |  | Depreciation and Amortization |  |  | Long-lived Assets |  |  | Total Assets |
North America wholesale: |  |  |  |  |  |  |  |  |  | $ | 3,355 |  |  | $ | 93,065 |  |  | $ | 459,076 |
External customers |  | $ | 551,117 |  |  | $ | 103,272 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 181,207 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe wholesale: |  |  |  |  |  |  |  |  |  |  | 4,176 |  |  |  | 104,813 |  |  |  | 430,921 |
External customers |  |  | 467,099 |  |  |  | 91,295 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 43,037 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia Pacific wholesale: |  |  |  |  |  |  |  |  |  |  | 2,303 |  |  |  | 18,793 |  |  |  | 189,172 |
External customers |  |  | 153,739 |  |  |  | 57,507 |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment |  |  | 349,896 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to consumer |  |  | 376,138 |  |  |  | 39,047 |  |  |  | 21,385 |  |  |  | 82,766 |  |  |  | 142,986 |
Intersegment items |  |  | (574,140 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  |  |  |  |  |  | (79,494 | ) |  |  | 9,661 |  |  |  | 30,573 |  |  |  | 54,328 |
Consolidated |  | $ | 1,548,093 |  |  | $ | 211,627 |  |  | $ | 40,880 |  |  | $ | 330,010 |  |  | $ | 1,276,483 |
The following table indicates revenue for each class of similar products for fiscal years 2011, 2010, and 2009 (in thousands):
|  | Fiscal Year 2011 |  |  | Fiscal Year 2010 |  |  | Fiscal Year 2009 |
|  | Net Sales |  |  | Percentage of Total |  |  | Net Sales |  |  | Percentage of Total |  |  | Net Sales |  |  | Percentage of Total |
Watches |  | $ | 1,843,909 |  |  |  | 71.8 | % |  | $ | 1,419,205 |  |  |  | 69.9 | % |  | $ | 1,021,181 |  |  |  | 66.0 | %
Leathers |  |  | 427,771 |  |  |  | 16.7 |  |  |  | 340,405 |  |  |  | 16.8 |  |  |  | 297,591 |  |  |  | 19.2 |
Jewelry |  |  | 190,126 |  |  |  | 7.4 |  |  |  | 166,183 |  |  |  | 8.2 |  |  |  | 133,949 |  |  |  | 8.7 |
Other |  |  | 105,496 |  |  |  | 4.1 |  |  |  | 104,897 |  |  |  | 5.1 |  |  |  | 95,372 |  |  |  | 6.1 |
Total |  | $ | 2,567,302 |  |  |  | 100.0 | % |  | $ | 2,030,690 |  |  |  | 100.0 | % |  | $ | 1,548,093 |  |  |  | 100.0 | %
Geographic Information Net sales, operating income and long-lived assets related to the Company's operations in the U.S., Europe, Asia Pacific and all other international markets were as follows (in thousands):
|  | Fiscal Year 2011 |
|  | Net Sales |  |  | Long-lived Assets |
United States |  | $ | 1,255,148 |  |  | $ | 209,576 |
Europe |  |  | 858,452 |  |  |  | 158,324 |
Asia Pacific |  |  | 358,904 |  |  |  | 31,609 |
All other international |  |  | 94,798 |  |  |  | 8,011 |
Consolidated |  | $ | 2,567,302 |  |  | $ | 407,520 |
|  | Fiscal Year 2010 |
|  | Net Sales |  |  | Long-lived Assets |
United States |  | $ | 1,028,840 |  |  | $ | 161,472 |
Europe |  |  | 670,959 |  |  |  | 135,087 |
Asia Pacific |  |  | 267,158 |  |  |  | 23,617 |
All other international |  |  | 63,733 |  |  |  | 6,580 |
Consolidated |  | $ | 2,030,690 |  |  | $ | 326,756 |
|  | Fiscal Year 2009 |
|  | Net Sales |  |  | Long-lived Assets |
United States |  | $ | 757,837 |  |  | $ | 161,636 |
Europe |  |  | 563,061 |  |  |  | 142,234 |
Asia Pacific |  |  | 183,599 |  |  |  | 19,418 |
All other international |  |  | 43,596 |  |  |  | 6,722 |
Consolidated |  | $ | 1,548,093 |  |  | $ | 330,010 |

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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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