SEGMENTS

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENTS

SEGMENTS

The Company aggregates its operating segments into three reportable segments, which include Retail, Franchise, and Manufacturing / Wholesale. The Company's chief operating decision maker, its chief executive officer, evaluates segment operating results based primarily on performance indicators, including revenue and operating income. Operating income of each reportable segment excludes certain items that are managed at the consolidated level, such as warehousing, distribution and corporate costs. The following table represents key financial information for each of the Company's reportable segments. Refer to Note 2, "Basis of Presentation" for a description of the prior period revision associated with sublease rent income. Refer to Note 12, "Subsequent Events" for a description of the change in the Company's reportable segments effective in the second quarter of 2016.

	Three months ended March 31,
	2016			2015
	(in thousands)
Revenue:
Retail	$	495,962		$	503,466
Franchise	115,480			122,276
Manufacturing / Wholesale:
Intersegment revenues	63,031			66,254
Third-party	57,463			55,524
Subtotal Manufacturing / Wholesale	120,494			121,778
Total reportable segment revenues	731,936			747,520
Elimination of intersegment revenues	(63,031		)	(66,254		)
Total revenue	$	668,905		$	681,266
Operating income:
Retail	$	80,562		$	92,362
Franchise	35,971			39,683
Manufacturing / Wholesale	19,300			21,122
Total reportable segment operating income	135,833			153,167
Unallocated corporate and other costs:
Warehousing and distribution costs	(18,008		)	(17,785		)
Corporate costs	(23,760		)	(25,777		)
Subtotal unallocated corporate and other costs	(41,768		)	(43,562		)
Total operating income	94,065			109,605
Interest expense, net	14,443			11,515
Income before income taxes	$	79,622		$	98,090