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SEGMENT INFORMATION
 9 Months Ended
Oct. 01, 2016
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. Global strategic initiatives such as brand building and omni channel activities and 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.
Summary information by operating segment was as follows (in thousands):

 
For the 13 Weeks Ended October 1, 2016
 
For the 13 Weeks Ended October 3, 2015
 
Net Sales
 
Operating Income
 
Net Sales
 
Operating Income
Americas
$
361,226

 
$
56,455

 
$
391,201

 
$
84,353

Europe
243,139

 
49,013

 
260,263

 
58,577

Asia
133,625

 
23,654

 
119,839

 
14,173

Corporate
—

 
(97,947
)
 
—

 
(81,398
)
Consolidated
$
737,990

 
$
31,175

 
$
771,303

 
$
75,705



 
For the 39 Weeks Ended October 1, 2016
 
For the 39 Weeks Ended October 3, 2015
 
Net Sales
 
Operating Income
 
Net Sales
 
Operating Income
Americas
$
1,042,223

 
$
168,352

 
$
1,143,885

 
$
246,886

Europe
669,076

 
109,193

 
722,442

 
137,729

Asia
371,907

 
60,519

 
370,036

 
55,223

Corporate
—

 
(277,034
)
 
—

 
(237,545
)
Consolidated
$
2,083,206

 
$
61,030

 
$
2,236,363

 
$
202,293



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 1, 2016
 
For the 13 Weeks Ended October 3, 2015
 
Net Sales
 
Percentage of Total
 
Net Sales
 
Percentage of Total
Watches
$
567,148

 
76.9
%
 
$
581,069

 
75.3
%
Leathers
93,338

 
12.6

 
104,777

 
13.6

Jewelry
60,237

 
8.2

 
66,984

 
8.7

Other
17,267

 
2.3

 
18,473

 
2.4

Total
$
737,990

 
100.0
%
 
$
771,303

 
100.0
%



 
For the 39 Weeks Ended October 1, 2016
 
For the 39 Weeks Ended October 3, 2015
 
Net Sales
 
Percentage of Total
 
Net Sales
 
Percentage of Total
Watches
$
1,581,233

 
75.9
%
 
$
1,708,730

 
76.4
%
Leathers
278,995

 
13.4

 
287,083

 
12.8

Jewelry
171,709

 
8.2

 
185,751

 
8.3

Other
51,269

 
2.5

 
54,799

 
2.5

Total
$
2,083,206

 
100.0
%
 
$
2,236,363

 
100.0
%