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SEGMENT INFORMATION
 9 Months Ended
Oct. 03, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
 
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.
 
The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The Asia segment primarily includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. 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 based on the location of the selling entity. 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, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses are not allocated to the various segments because they are managed at the corporate level internally. The Company does not include intercompany transfers between segments for management reporting purposes.
 
Certain reclassifications have been made to prior year amounts to conform with current year presentation. Due to changes in the Company’s reportable segments as discussed in Note 1 to the condensed consolidated financial statements, segment results for fiscal year 2014 have been recast to present results on a comparable basis.
 
Summary information by operating segment was as follows (in thousands):
 
For the 13 Weeks Ended 
 October 3, 2015
 
For the 13 Weeks Ended 
 October 4, 2014
 
Net Sales
 
Operating Income
 
Net Sales
 
Operating Income
Americas
$
391,201

 
$
84,353

 
$
441,181

 
$
119,453

Europe
260,263

 
58,577

 
304,880

 
80,470

Asia
119,839

 
14,173

 
148,421

 
29,035

Corporate
 

 
(81,398
)
 
 

 
(74,025
)
Consolidated
$
771,303

 
$
75,705

 
$
894,482

 
$
154,933

 
 
For the 39 Weeks Ended 
 October 3, 2015
 
For the 40 Weeks Ended 
 October 4, 2014
 
Net Sales
 
Operating Income
 
Net Sales
 
Operating Income
Americas
$
1,143,885

 
$
246,886

 
$
1,204,540

 
$
307,308

Europe
722,442

 
137,729

 
824,220

 
179,748

Asia
370,036

 
55,223

 
416,086

 
87,105

Corporate
 

 
(237,545
)
 
 

 
(229,772
)
Consolidated
$
2,236,363

 
$
202,293

 
$
2,444,846

 
$
344,389

 
 
October 3, 2015
 
January 3, 2015
 
Long-Term Assets
 
Total Assets
 
Long-Term Assets
 
Total Assets
Americas
$
264,689

 
$
843,354

 
$
263,324

 
$
809,548

Europe
203,342

 
543,210

 
220,742

 
561,486

Asia
52,443

 
211,518

 
57,508

 
233,881

Corporate
169,369

 
656,795

 
176,124

 
602,637

Total
$
689,843

 
$
2,254,877

 
$
717,698

 
$
2,207,552



The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data):
 
For the 13 Weeks Ended 
 October 3, 2015
 
For the 13 Weeks Ended 
 October 4, 2014
 
Net Sales
 
Percentage of Total
 
Net Sales
 
Percentage of Total
Watches
$
581,069

 
75.3
%
 
$
696,291

 
77.8
%
Leathers
104,777

 
13.6

 
107,954

 
12.1

Jewelry
66,984

 
8.7

 
70,718

 
7.9

Other
18,473

 
2.4

 
19,519

 
2.2

Total
$
771,303

 
100.0
%
 
$
894,482

 
100.0
%
 
 
For the 39 Weeks Ended 
 October 3, 2015
 
For the 40 Weeks Ended 
 October 4, 2014
 
Net Sales
 
Percentage of Total
 
Net Sales
 
Percentage of Total
Watches
$
1,708,730

 
76.4
%
 
$
1,908,887

 
78.1
%
Leathers
287,083

 
12.8

 
295,001

 
12.1

Jewelry
185,751

 
8.3

 
183,419

 
7.5

Other
54,799

 
2.5

 
57,539

 
2.3

Total
$
2,236,363

 
100.0
%
 
$
2,444,846

 
100.0
%