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Segment and Geographical Financial Information
 12 Months Ended
Jan. 31, 2015
Segment Reporting [Abstract]  
Segment and Geographical Financial Information

Note 14. Segment and Geographical Financial Information

We operate and manage our business by distribution channel and have identified two reportable segments, as further described below. We considered both similar and dissimilar economic characteristics, internal reporting and management structures, as well as products, customers, and supply chain logistics to identify the following reportable segments:

 

  •   Wholesale segment—consists of our operations to distribute products to premier department stores and specialty stores in the United States and select international markets.

 

  •   Direct-to-consumer segment—consists of our operations to distribute products directly to the consumer through our branded full-price specialty retail stores, outlet stores, and e-commerce platform.

The accounting policies of our segments are consistent with those described in Note 1 to the Consolidated Financial Statements. Unallocated corporate expenses are comprised of selling, general, and administrative expenses attributable to corporate and administrative activities, and other charges that are not directly attributable to our operating segments. Unallocated corporate assets are comprised of capitalized deferred financing costs, the carrying values of our goodwill and unamortized trademark, debt and deferred tax assets, and other assets that will be utilized to generate revenue for both of our reportable segments.

Our wholesale segment sells apparel to our direct-to-consumer segment at cost. The wholesale intercompany sales of $22,595, $16,916, and $9,907 have been excluded from the net sales totals presented below for fiscal 2014, fiscal 2013, and fiscal 2012, respectively. Furthermore, as intercompany sales are sold at cost, no intercompany profit is reflected in operating income presented below.

Summary information for our operating segments is presented below (in thousands).

 

     Fiscal Year  
     2014      2013      2012  

Net Sales:

         

Wholesale

    $ 259,418       $ 229,114       $ 203,107   

Direct-to-consumer

      80,978         59,056         37,245   
  

 

 

     

 

 

     

 

 

  

Total net sales

 $ 340,396    $ 288,170    $ 240,352   
  

 

 

     

 

 

     

 

 

  

Operating Income:

Wholesale

 $ 100,623    $ 81,822    $ 72,913   

Direct-to-consumer

   14,556      10,435      4,465   
  

 

 

     

 

 

     

 

 

  

Subtotal

   115,179      92,257      77,378   

Unallocated expenses

   (44,929 )    (42,904 )    (36,442 ) 
  

 

 

     

 

 

     

 

 

  

Total operating income

 $ 70,250    $ 49,353    $ 40,936   
  

 

 

     

 

 

     

 

 

  

Depreciation & Amortization:

Wholesale

 $ 1,962    $ 1,204    $ 915   

Direct-to-consumer

   2,950      1,581      1,094   

Unallocated corporate

   355      —        —     
  

 

 

     

 

 

     

 

 

  

Total depreciation & amortization

 $ 5,267    $ 2,785    $ 2,009   
  

 

 

     

 

 

     

 

 

  

Capital Expenditures:

Wholesale

 $ 2,076    $ 1,832    $ 459   

Direct-to-consumer

   8,117      8,241      1,362   

Unallocated corporate

   9,506      —        —     
  

 

 

     

 

 

     

 

 

  

Total capital expenditure

 $ 19,699    $ 10,073    $ 1,821   
  

 

 

     

 

 

     

 

 

  

 

     January 31,
2015		      February 1,
2014		  

Total Assets:

      

Wholesale

    $ 70,635       $ 78,122   

Direct-to-consumer

      33,793         24,169   

Unallocated corporate

      277,770         312,051   
  

 

 

     

 

 

  

Total assets

 $ 382,198    $ 414,342   
  

 

 

     

 

 

  

 

Sales results are presented on a geographic basis below, in thousands. We predominately operate within the U.S. and sell our products in 45 countries either directly to premier department and specialty stores, or through distribution relationships with highly-regarded international partners with exclusive rights to certain territories. Sales are presented based on customer location. Substantially all long-lived assets, including property, plant and equipment and fixtures installed at our retailer sites, are located in the U.S.

 

     Fiscal Year  
     2014      2013      2012  

Net Sales:

         

Domestic

    $ 310,179       $ 265,622       $ 221,632   

International

      30,217         22,548         18,720   
  

 

 

     

 

 

     

 

 

  

Total net sales

 $ 340,396    $ 288,170    $ 240,352