SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE

9 Months Ended

Nov. 01, 2020

Segment Reporting [Abstract]

SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE

SEGMENTED INFORMATION AND DISAGGREGATED NET REVENUE

The Company applies ASC Topic 280, Segment Reporting ("ASC 280"), in determining reportable segments for its 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 company-operated stores and direct to consumer. Direct to consumer represents sales from the Company's e-commerce websites and mobile apps. Other net revenue includes revenue from outlets, temporary locations, sales to wholesale accounts, license and supply arrangements, and the sale of in-home fitness equipment and associated content subscriptions. During the first quarter of fiscal 2020, the Company reviewed its segment and general corporate expenses and determined certain costs that are more appropriately classified in different categories. Accordingly, comparative figures have been reclassified to conform to the financial presentation adopted for the current year.

	Quarter Ended				Three Quarters Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
	(In thousands)
Net revenue:
Company-operated stores	$	511,756	$	579,521	$	1,058,927	$	1,669,699
Direct to consumer	478,263		246,697		1,384,604		674,177
Other	127,407		89,920		228,799		237,929
	$	1,117,426	$	916,138	$	2,672,330	$	2,581,805
Segmented income from operations:
Company-operated stores	$	111,780	$	147,720	$	76,333	$	422,948
Direct to consumer	209,610		103,599		604,152		269,553
Other	1,304		16,820		3,622		45,860
	322,694		268,139		684,107		738,361
General corporate expense	107,002		92,303		297,022		265,731
Amortization of intangible assets	2,241		7		2,965		7
Acquisition-related expenses	8,531		—		22,040		—
Income from operations	204,920		175,829		362,080		472,623
Other income (expense), net	(580)		1,925		250		6,154
Income before income tax expense	$	204,340	$	177,754	$	362,330	$	478,777
Capital expenditures:
Company-operated stores	$	37,946	$	47,939	$	99,081	$	128,675
Direct to consumer	13,671		1,165		25,750		14,975
Corporate and other	14,490		29,349		45,999		70,567
	$	66,107	$	78,453	$	170,830	$	214,217
Depreciation and amortization:
Company-operated stores	$	26,334	$	26,434	$	73,925	$	71,206
Direct to consumer	4,103		3,498		9,715		8,930
Corporate and other	18,596		14,090		49,569		34,308
	$	49,033	$	44,022	$	133,209	$	114,444

The following table disaggregates the Company's net revenue by geographic area.

	Quarter Ended				Three Quarters Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
	(In thousands)
United States	$	775,576	$	645,600	$	1,830,845	$	1,821,090
Canada	181,376		159,552		428,531		428,802
Outside of North America	160,474		110,986		412,954		331,913
	$	1,117,426	$	916,138	$	2,672,330	$	2,581,805

The following table disaggregates the Company's net revenue by category.

	Quarter Ended				Three Quarters Ended
	November 1, 2020		November 3, 2019		November 1, 2020		November 3, 2019
	(In thousands)
Women's product	$	791,946	$	650,269	$	1,921,569	$	1,829,452
Men's product	239,496		209,371		559,644		592,329
Other categories	85,984		56,498		191,117		160,024
	$	1,117,426	$	916,138	$	2,672,330	$	2,581,805