XML 40 R25.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Major Customer, Segment and Geographic Information | 12 Months Ended
--- | ---
Dec. 29, 2018
Segment Reporting [Abstract] |
Major Customer, Segment and Geographic Information | Major Customer, Segment and Geographic Information 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 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. Corporate includes peripheral revenue generating activities from factories and intellectual property 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 that 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. Due to changes in the Company’s reportable segments as discussed in Note 1 to the Consolidated Financial Statements, segment results for fiscal years 2017 and 2016 have been recast to present results on a comparable basis. These changes had no impact on the consolidated net sales or operating income. Summary information by operating segment was as follows (in thousands):
| Fiscal Year 2018
| Net Sales |  | Operating Income (Loss) |  | Depreciation and Amortization |  | Long-term Assets |  | Total Assets
Americas | $ | 1,174,507 |  |  | $ | 185,094 |  |  | $ | 16,542 |  |  | $ | 61,914 |  |  | $ | 393,273 |
Europe | 856,291 |  |  | 129,610 |  |  | 18,933 |  |  | 99,253 |  |  | 353,797 |
Asia | 505,473 |  |  | 87,515 |  |  | 8,016 |  |  | 29,990 |  |  | 173,666 |
Corporate | 5,217 |  |  | (339,508 | ) |  | 23,588 |  |  | 125,472 |  |  | 654,462 |
Consolidated | $ | 2,541,488 |  |  | $ | 62,711 |  |  | $ | 67,079 |  |  | $ | 316,629 |  |  | $ | 1,575,198 |
| Fiscal Year 2017
| Net Sales |  | Operating Income (Loss) |  | Depreciation and Amortization |  | Long-term Assets |  | Total Assets
Americas | $ | 1,314,348 |  |  | $ | (47,836 | ) |  | $ | 21,214 |  |  | $ | 81,444 |  |  | $ | 463,175 |
Europe | 971,820 |  |  | 32,871 |  |  | 21,368 |  |  | 113,621 |  |  | 471,375 |
Asia | 496,392 |  |  | (12,490 | ) |  | 10,798 |  |  | 33,160 |  |  | 216,660 |
Corporate | 5,603 |  |  | (396,821 | ) |  | 28,197 |  |  | 139,159 |  |  | 507,162 |
Consolidated | $ | 2,788,163 |  |  | $ | (424,276 | ) |  | $ | 81,577 |  |  | $ | 367,384 |  |  | $ | 1,658,372 |
| Fiscal Year 2016
| Net Sales |  | Operating Income |  | Depreciation and Amortization |  | Long-term Assets |  | Total Assets
Americas | $ | 1,523,534 |  |  | $ | 239,740 |  |  | $ | 22,612 |  |  | $ | 313,437 |  |  | $ | 741,082 |
Europe | 996,790 |  |  | 172,505 |  |  | 22,505 |  |  | 237,801 |  |  | 534,413 |
Asia | 514,717 |  |  | 76,749 |  |  | 12,676 |  |  | 81,434 |  |  | 237,695 |
Corporate | 7,330 |  |  | (361,848 | ) |  | 33,704 |  |  | 206,935 |  |  | 673,707 |
Consolidated | $ | 3,042,371 |  |  | $ | 127,146 |  |  | $ | 91,497 |  |  | $ | 839,607 |  |  | $ | 2,186,897 |
The following table shows revenue for each class of similar products for fiscal years 2018, 2017 and 2016 (in thousands):
| Fiscal Year 2018 |  | Fiscal Year 2017 |  | Fiscal Year 2016
| Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total
Watches | $ | 2,033,021 |  |  | 80.0 | % |  | $ | 2,199,031 |  |  | 78.9 | % |  | $ | 2,330,275 |  |  | 76.6 | %
Leathers | 289,385 |  |  | 11.4 |  |  | 325,502 |  |  | 11.7 |  |  | 393,761 |  |  | 12.9 |
Jewelry | 167,775 |  |  | 6.6 |  |  | 211,694 |  |  | 7.6 |  |  | 251,391 |  |  | 8.3 |
Other | 51,307 |  |  | 2.0 |  |  | 51,936 |  |  | 1.8 |  |  | 66,944 |  |  | 2.2 |
Total | $ | 2,541,488 |  |  | 100.0 | % |  | $ | 2,788,163 |  |  | 100.0 | % |  | $ | 3,042,371 |  |  | 100.0 | %
Geographic Information Net sales and long-lived assets related to the Company's operations in the U.S., Europe, Asia and all other international markets were as follows (in thousands):
| Fiscal Year 2018
| Net Sales (1) |  | Long-term Assets
United States | $ | 1,017,919 |  |  | $ | 159,062 |
Europe | 857,972 |  | (2) | 111,964 |
Asia | 507,523 |  |  | 36,945 |
All other international | 158,074 |  |  | 8,658 |
Consolidated | $ | 2,541,488 |  |  | $ | 316,629 |
| Fiscal Year 2017
| Net Sales (1) |  | Long-term Assets
United States | $ | 1,157,568 |  |  | $ | 189,209 |
Europe | 974,198 |  | (2) | 127,344 |
Asia | 497,816 |  |  | 40,874 |
All other international | 158,581 |  |  | 9,957 |
Consolidated | $ | 2,788,163 |  |  | $ | 367,384 |
| Fiscal Year 2016
| Net Sales (1) |  | Long-term Assets
United States | $ | 1,355,586 |  |  | $ | 470,358 |
Europe | 1,002,077 |  | (2) | 260,277 |
Asia | 515,383 |  |  | 93,111 |
All other international | 169,325 |  |  | 15,861 |
Consolidated | $ | 3,042,371 |  |  | $ | 839,607 |
_______________________________________________________________________________
(1) | Net sales are based on the location of the selling entity.
(2) | Net sales from Germany accounted for more than 10% of the Company's consolidated net sales and were approximately $359.9 million, $406.2 million and $467.7 million in fiscal years 2018, 2017 and 2016, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration