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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2018
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 (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) 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. 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 March 31, 2018 |  | For the 13 Weeks Ended April 1, 2017
| Net Sales |  | Operating Income (Loss) |  | Net Sales |  | Operating Income (Loss)
Americas | $ | 249,069 |  |  | $ | 18,080 |  |  | $ | 277,543 |  |  | $ | 25,682 |
Europe | 202,115 |  |  | 26,113 |  |  | 195,680 |  |  | 13,614 |
Asia | 117,972 |  |  | 13,366 |  |  | 108,567 |  |  | 10,957 |
Corporate | — |  |  | (85,840 | ) |  | — |  |  | (95,516 | )
Consolidated | $ | 569,156 |  |  | $ | (28,281 | ) |  | $ | 581,790 |  |  | $ | (45,263 | )
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 March 31, 2018 |  | For the 13 Weeks Ended April 1, 2017
| Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total
Watches | $ | 447,615 |  |  | 78.7 | % |  | $ | 449,770 |  |  | 77.3 | %
Leathers | 69,259 |  |  | 12.2 |  |  | 72,689 |  |  | 12.5 |
Jewelry | 41,806 |  |  | 7.3 |  |  | 47,886 |  |  | 8.2 |
Other | 10,476 |  |  | 1.8 |  |  | 11,445 |  |  | 2.0 |
Total | $ | 569,156 |  |  | 100.0 | % |  | $ | 581,790 |  |  | 100.0 | %

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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