Operating Segments and Geographic Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Operating Segments and Geographic Information

OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION

The Company has three reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, and Europe. In addition, the ‘Other businesses’ category aggregates insignificant operating segments that do not meet the reportable segment threshold, including manufacturing operations located in Mexico and Italy, and corporate operations.

Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers. Revenues for ‘Other businesses’ include non-footwear product sales to external customers that are excluded from the measurement of segment operating revenues and income.

Segment performance is evaluated based on segment results without allocating corporate expenses, or indirect general, administrative, and other expenses. Segment profits or losses include adjustments to eliminate inter-segment sales. Reconciling items between segment income from operations and income from operations consist of other businesses and unallocated corporate and other expenses, as well as inter-segment eliminations. The following tables set forth information related to reportable operating segments:

	Three Months Ended March 31,
	2018			2017
	(in thousands)
Revenues:
Americas	$	123,830		$	117,722
Asia Pacific	97,162			98,344
Europe	61,843			51,651
Total segment revenues	282,835			267,717
Other businesses	313			190
Total consolidated revenues	$	283,148		$	267,907
Income from operations:
Americas	$	28,539		$	22,002
Asia Pacific	26,584			26,726
Europe	17,863			12,274
Total segment income from operations	72,986			61,002
Reconciliation of total segment income from operations to income before income taxes:
Other businesses	(10,934		)	(5,617		)
Unallocated corporate and other	(36,130		)	(39,803		)
Income from operations	25,922			15,582
Foreign currency gains, net	1,071			276
Interest income	279			150
Interest expense	(113		)	(184		)
Other income	53			124
Income before income taxes	$	27,212		$	15,948
Depreciation and amortization:
Americas	$	1,304		$	1,345
Asia Pacific	696			926
Europe	352			385
Total segment depreciation and amortization	2,352			2,656
Other businesses	1,524			1,746
Unallocated corporate and other	3,767			4,044
Total consolidated depreciation and amortization	$	7,643		$	8,446