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 June 30, 2018					For the 13 Weeks Ended July 1, 2017
	Net Sales		Operating Income (Loss)			Net Sales		Operating Income (Loss)
Americas	$	279,263	$	49,158		$	288,804	$	(166,500	)
Europe	176,040		16,246			194,702		(86,805		)
Asia	121,280		20,574			113,340		(35,658		)
Corporate	—		(84,965		)	—		(140,793		)
Consolidated	$	576,583	$	1,013		$	596,846	$	(429,756	)



	For the 26 Weeks Ended June 30, 2018					For the 26 Weeks Ended July 1, 2017
	Net Sales		Operating Income (Loss)			Net Sales		Operating Income (Loss)
Americas	$	528,332	$	67,238		$	566,347	$	(140,819	)
Europe	378,155		42,360			390,382		(73,191		)
Asia	239,252		33,940			221,907		(24,701		)
Corporate	—		(170,806		)	—		(236,308		)
Consolidated	$	1,145,739	$	(27,268	)	$	1,178,636	$	(475,019	)

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 June 30, 2018				For the 13 Weeks Ended July 1, 2017
	Net Sales		Percentage of Total		Net Sales		Percentage of Total
Watches	$	462,990	80.3	%	$	469,461	78.6	%
Leathers	67,920		11.8		69,597		11.7
Jewelry	33,104		5.7		44,285		7.4
Other	12,569		2.2		13,503		2.3
Total	$	576,583	100.0	%	$	596,846	100.0	%



	For the 26 Weeks Ended June 30, 2018				For the 26 Weeks Ended July 1, 2017
	Net Sales		Percentage of Total		Net Sales		Percentage of Total
Watches	$	910,605	79.5	%	$	919,231	78.0	%
Leathers	137,179		12.0		142,286		12.1
Jewelry	74,909		6.5		92,171		7.8
Other	23,046		2.0		24,948		2.1
Total	$	1,145,739	100.0	%	$	1,178,636	100.0	%