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SEGMENT INFORMATION
 3 Months Ended
Apr. 02, 2022
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 (including Hong Kong, Macau and Taiwan), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea 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.
These changes had no impact on the consolidated net sales or operating income (loss). Summary information by operating segment was as follows (in thousands):
For the 13 Weeks Ended April 2, 2022For the 13 Weeks Ended April 3, 2021
 Net SalesOperating Income (Loss)Net SalesOperating Income (Loss)
Americas$161,927 $23,910 $152,506 $26,030 
Europe124,551 19,568 109,234 5,026 
Asia86,768 8,941 98,640 11,724 
Corporate2,607 (66,701)2,662 (59,535)
Consolidated$375,853 $(14,282)$363,042 $(16,755)
Due to changes in the Company’s product types as discussed in Note 1 to the Condensed Consolidated Financial Statements, product results for the Prior Year Quarter have been recast to present results on a comparable basis. The following table reflects net sales for each class of similar products in the periods presented (in thousands, except percentage data):
For the 13 Weeks Ended April 2, 2022For the 13 Weeks Ended April 3, 2021
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches $261,427 69.6 %$242,430 66.8 %
    Smartwatches37,984 10.1 52,918 14.5 
Total watches$299,411 79.7 %$295,348 81.3 %
Leathers34,185 9.1 34,104 9.4 
Jewelry34,696 9.2 26,137 7.2 
Other7,561 2.0 7,453 2.1 
Total$375,853 100.0 %$363,042 100.0 %