Segmented Financial Information

12 Months Ended

Feb. 02, 2014

Segment Reporting [Abstract]

Segmented Financial Information

SEGMENTED FINANCIAL INFORMATION

The Company applies ASC Topic 280, Segment Reporting ("ASC 280"), in determining reportable segments for financial statement disclosure. The Company reports segments based on the financial information it uses in managing its business. The Company's reportable segments are comprised of corporate-owned stores, direct to consumer and other. Direct to consumer includes sales from the Company's e-commerce websites. Outlet, wholesale, showroom, temporary location and franchise sales have been combined into other. The Company has reviewed its general corporate expenses and determined some costs previously classified as general corporate are direct segment expenses. Accordingly, all prior year comparable information has been reclassified to conform to the current year classification. Information for these segments is detailed in the table below:

	Fiscal Year Ended
	February 2, 2014		February 3, 2013		January 29, 2012
Net revenue
Corporate-owned stores	$	1,228,999	$	1,090,181	$	816,925
Direct to consumer	263,083		197,255		106,313
Other	99,106		82,922		77,601
	$	1,591,188	$	1,370,358	$	1,000,839
Income from operations before general corporate expense
Corporate-owned stores	$	372,631	$	375,461	$	297,809
Direct to consumer	109,569		84,677		44,175
Other	16,107		19,928		21,103
	$	498,307	$	480,066	$	363,087
General corporate expense	106,949		103,627		76,129
Income from operations	$	391,358	376,439		286,958
Other income (expense), net	$	5,768	4,957		2,500
Income before provision for income taxes	$	397,126	$	381,396	$	289,458
Capital expenditures
Corporate-owned stores	$	60,233	64,863		34,117
Direct to consumer	5,953		4,881		6,724
Corporate	40,222		23,485		76,055
	$	106,408	$	93,229	$	116,896
Depreciation and amortization
Corporate-owned stores	$	31,349	$	27,519	$	18,480
Direct to consumer	4,599		3,393		2,377
Corporate	13,120		12,088		9,402
	$	49,068	$	43,000	$	30,259

The intercompany wholesale sales of $591,004, $490,982, and $66,824 for the years ended February 2, 2014, February 3, 2013, and January 29, 2012 respectively, have been excluded from the net revenue in the Other reportable segment. In addition, the income from operations reported included in the segment results for Other does not reflect the intercompany profit on these sales, which amounted to $255,421, $216,156, and $21,072 for the years ended February 2, 2014, February 3, 2013, and January 29, 2012, respectively. The increase in intercompany wholesale sales and the profit on these sales in fiscal 2013 compared to prior years was the result of revised intercompany pricing agreements.

The Company operates in five geographic areas—Canada, the United States, Australia and New Zealand, Asia and Europe. Revenue from these regions for the years ended February 2, 2014, February 3, 2013, and January 29, 2012 was as follows:

	February 2, 2014		February 3, 2013		January 29, 2012
United States	$	1,052,148	$	839,908	$	536,182
Canada	454,209		461,586		425,720
Outside of North America	84,831		68,864		38,937
	$	1,591,188	$	1,370,358	$	1,000,839

Long-lived assets by geographic area for the years ended February 2, 2014 and February 3, 2013 were as follows:

	February 2, 2014		February 3, 2013
United States	$	97,288	$	68,115
Canada	145,416		135,505
Outside of North America	12,899		11,019
	$	255,603	$	214,639

Substantially all of the Company's intangible assets and goodwill relate to the reporting segment consisting of corporate-owned stores.