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SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

Summary information by operating segment

Summary information by operating segment was as follows (in thousands):

			For the 13 Weeks Ended April 3, 2021												For the 14 Weeks Ended April 4, 2020
			Net Sales						Operating Income (Loss)						Net Sales						Operating Income (Loss)(1)
Americas			$	152,506					$	26,030					$	152,916					$	(37,116)
Europe			109,234						5,026						128,250						(1,205)
Asia			98,640						11,724						106,187						11,941
Corporate			2,662						(59,535)						3,365						(107,961)
Consolidated			$	363,042					$	(16,755)					$	390,718					$	(134,341)

________________________________________________________

(1 ) In addition to the recast disclosed above, subsequent to the issuance of the Company's condensed consolidated financial statements for the 14 weeks ended April 4, 2020, the Company's management determined that operating loss for the Americas and Corporate segments for the 14 weeks ended April 4, 2020 was incorrectly presented because $24.5 million of charges were incorrectly attributed to the Americas segment rather than the Corporate segment. As a result, operating loss for the Americas and Corporate segments for the 14 week period ended April 4, 2020 has been corrected. The Company’s management evaluated the materiality of the disclosure misstatement from a quantitative and qualitative perspective and concluded that the misstatement was not material to the 14 week period ended April 4, 2020.

Schedule of net sales for each class of similar products

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 April 3, 2021												For the 14 Weeks Ended April 4, 2020
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches			$	291,616					80.3		%				$	309,925					79.3		%
Leathers			34,104						9.4						47,307						12.1
Jewelry			29,869						8.2						23,217						6.0
Other			7,453						2.1						10,269						2.6
Total			$	363,042					100.0		%				$	390,718					100.0		%

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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