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Segment Financial Information | 9 Months Ended
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Oct. 28, 2017
Segment Reporting [Abstract] |
Segment Financial Information | Note 10. Segment Financial Information The Company operates and manages its business by distribution channel and has identified two reportable segments, as further described below. Management 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 the Company’s operations to distribute products to major department stores and specialty stores in the United States and select international markets; and
| • | Direct-to-consumer segment—consists of the Company’s operations to distribute products directly to the consumer through its branded full-price specialty retail stores, outlet stores, and e-commerce platform.
The accounting policies of the Company’s reportable segments are consistent with those described in Note 1 to the audited Consolidated Financial Statements of VHC for the fiscal year ended January 28, 2017 included in the 2016 Annual Report on Form 10-K. Unallocated corporate expenses are comprised of selling, general, and administrative expenses attributable to corporate and administrative activities (such as marketing, design, finance, information technology, legal and human resource departments), and other charges that are not directly attributable to the Company’s reportable segments. Unallocated corporate assets are comprised of the carrying values of the Company’s goodwill and tradename, deferred tax assets, and other assets that will be utilized to generate revenue for both of the Company’s reportable segments. Summary information for the Company’s reportable segments is presented below.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 28, |  |  | October 29, |  |  | October 28, |  |  | October 29, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wholesale |  | $ | 52,990 |  |  | $ | 51,219 |  |  | $ | 127,647 |  |  | $ | 135,614 |
Direct-to-consumer |  |  | 26,077 |  |  |  | 24,754 |  |  |  | 70,287 |  |  |  | 68,706 |
Total net sales |  | $ | 79,067 |  |  | $ | 75,973 |  |  | $ | 197,934 |  |  | $ | 204,320 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wholesale |  | $ | 16,454 |  |  | $ | 18,416 |  |  | $ | 35,882 |  |  | $ | 39,422 |
Direct-to-consumer |  |  | 3,000 |  |  |  | 990 |  |  |  | (84 | ) |  |  | 2,344 |
Subtotal |  |  | 19,454 |  |  |  | 19,406 |  |  |  | 35,798 |  |  |  | 41,766 |
Unallocated corporate expenses |  |  | (14,145 | ) |  |  | (13,343 | ) |  |  | (47,542 | ) |  |  | (43,506 | )
Interest expense, net |  |  | (1,693 | ) |  |  | (1,023 | ) |  |  | (4,013 | ) |  |  | (2,909 | )
Other expense, net |  |  | (113 | ) |  |  | (191 | ) |  |  | (116 | ) |  |  | (379 | )
Total income (loss) before income taxes |  | $ | 3,503 |  |  | $ | 4,849 |  |  | $ | (15,873 | ) |  | $ | (5,028 | )
|  | October 28, |  |  | January 28, |
(in thousands) |  | 2017 |  |  | 2017 |
Total Assets: |  |  |  |  |  |  |  |
Wholesale |  | $ | 70,451 |  |  | $ | 44,442 |
Direct-to-consumer |  |  | 47,860 |  |  |  | 45,038 |
Unallocated corporate |  |  | 134,412 |  |  |  | 150,000 |
Total assets |  | $ | 252,723 |  |  | $ | 239,480 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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