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Segment Information
 12 Months Ended
Apr. 02, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates its business through three operating segments—Retail, Wholesale and Licensing—which are based on its business activities and organization. The operating segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company's chief operating decision maker in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are net sales or revenue (in the case of Licensing) and operating income for each segment. The Company’s reportable segments represent channels of distribution that offer similar merchandise, customer experience and sales/marketing strategies. The Company’s Retail segment includes sales through the Company owned stores, including “Collection,” “Lifestyle” including “concessions,” and outlet stores located throughout the Americas (U.S., Canada and Latin America), Europe, and Asia, as well as the Company’s e-commerce sales. Products sold through the Retail segment include women’s apparel, accessories (which include handbags and small leather goods such as wallets), men's apparel, footwear and licensed products, such as watches, jewelry, fragrances and beauty, and eyewear. The Wholesale segment includes sales primarily to major department stores and specialty shops throughout the Americas, Europe and Asia. Products sold through the Wholesale segment include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. We also have wholesale arrangements pursuant to which we sell products to certain of our licensees, including our licensees in Asia (which were previously reported within our Americas wholesale operations). The Licensing segment includes royalties earned on licensed products and use of the Company’s trademarks, and rights granted to third parties for the right to sell the Company’s products in certain geographic regions such as the Middle East, Eastern Europe, throughout all of Asia (excluding Japan), as well as Australia. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Corporate overhead expenses are allocated to the segments based upon specific usage or other allocation methods.
The Company has allocated $13.3 million, $8.0 million and $1.9 million of its recorded $23.2 million goodwill as of April 2, 2016 to its Wholesale, Retail and Licensing segments, respectively. See Note 3 for goodwill recorded upon the Company's acquisition of controlling interest in MK Panama during the second quarter of Fiscal 2016. As of March 28, 2015, the Company's goodwill balance of $14.0 million was allocated $12.1 million and $1.9 million to its Wholesale and Licensing segments, respectively. The Company does not have identifiable assets separated by segment.
The following table presents the key performance information of the Company’s reportable segments (in millions):
 
Fiscal Years Ended
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
Revenue:
 
 
 
 
 
Net sales: Retail
$
2,394.9

 
$
2,134.6

 
$
1,593.0

Wholesale
2,143.9

 
2,065.1

 
1,577.5

Licensing
173.3

 
171.8

 
140.3

Total revenue
$
4,712.1

 
$
4,371.5

 
$
3,310.8

 
 
 
 
 
 
Income from operations:
 
 
 
 
 
Retail
$
501.4

 
$
557.2

 
$
467.3

Wholesale
584.1

 
610.9

 
459.8

Licensing
89.6

 
88.9

 
81.1

Income from operations
$
1,175.1

 
$
1,257.0

 
$
1,008.2


Depreciation and amortization expense for each segment are as follows (in millions):    
 
Fiscal Years Ended
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
Depreciation and amortization(1):
 
 
 
 
 
Retail
$
114.5

 
$
84.5

 
$
46.7

Wholesale
67.3

 
53.0

 
32.4

Licensing
1.4

 
0.9

 
0.6

Total depreciation and amortization
$
183.2

 
$
138.4

 
$
79.7

 
 
(1) 
Excluded from the above table are fixed asset impairment charges related to the Company's retail operations of $8.6 million, $0.8 million and $1.3 million, during Fiscal 2016, Fiscal 2015 and Fiscal 2014, respectively. During Fiscal 2016, the Company also recorded fixed asset impairment charges of $0.4 million relating to its wholesale operations and $1.9 million relating to a corporate fixed asset.
Total revenue (based on country of origin) and long-lived assets by geographic location are as follows (in millions):
 
Fiscal Years Ended
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
Revenue:
 
 
 
 
 
The Americas (U.S., Canada and Latin America)(1)
$
3,506.6

 
$
3,418.9

 
$
2,771.8

Europe
990.3

 
884.7

 
500.5

Asia
215.2

 
67.9

 
38.5

Total revenue
$
4,712.1

 
$
4,371.5

 
$
3,310.8

 
As of
 
April 2,
2016
 
March 28,
2015
Long-lived assets:
 
 
 
The Americas (U.S., Canada and Latin America)(1)
$
507.7

 
$
443.8

Europe
284.2

 
169.2

Asia
33.7

 
11.4

Total Long-lived assets:
$
825.6

 
$
624.4

 
 
(1)  
Net revenues earned in the U.S. during Fiscal 2016, Fiscal 2015, and Fiscal 2014 were $3.304 billion, $3.228 billion and $2.600 billion, respectively. Long-lived assets located in the U.S. as of April 2, 2016 and March 28, 2015 were $472.2 million and $418.8 million, respectively.
Net sales by major product category are as follows (in millions):
 
Fiscal Years Ended
 
April 2,
2016
 
% of
Total
 
March 28,
2015
 
% of
Total
 
March 29,
2014
 
% of
Total
Accessories
$
3,179.7

 
70.1%
 
$
2,872.2

 
68.4
%
 
$
2,060.8

 
65.0
%
Apparel
543.7

 
12.0%
 
549.4

 
13.1
%
 
482.4

 
15.2
%
Footwear
491.0

 
10.8%
 
444.1

 
10.5
%
 
338.0

 
10.7
%
Licensed product
324.4

 
7.1%
 
334.0

 
8.0
%
 
289.3

 
9.1
%
Net sales
$
4,538.8

 
 
 
$
4,199.7

 
 
 
$
3,170.5