NOTE K — SEGMENTS

The Company’s reportable segments are business units that offer products through different channels of distribution. Commencing with the first quarter of fiscal 2016, the Company changed its segment reporting to two reportable segments: wholesale operations and retail operations. This change in the Company’s reportable segments is intended to better represent how the Company’s resources are allocated and its performance is assessed by its Chief Operating Decision Maker. The wholesale operations segment mainly consists of the Company’s former licensed products and non-licensed products segments and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under the Company’s own brands and private label brands. The retail operations segment consists primarily of the Wilsons Leather and G.H. Bass stores, as well as a limited number of Calvin Klein Performance stores. The following information, in thousands, is presented for the fiscal years ended:

	January 31, 2016
	Wholesale		Retail			Elimination (1)			Total
Net sales	$	1,949,646	$	514,027		$	(119,531	)	$	2,344,142
Cost of goods sold		1,348,109		276,926			(119,531	)		1,505,504
Gross profit		601,537		237,101			—			838,638
Selling, general and administrative		398,476		230,286			—			628,762
Depreciation and amortization		17,413		7,979			—			25,392
Operating profit (loss)	$	185,648	$	(1,164	)	$	—		$	184,484

	January 31, 2015
	Wholesale		Retail		Elimination (1)			Total
Net sales	$	1,745,894	$	499,284	$	(128,323	)	$	2,116,855
Cost of goods sold		1,220,489		267,430		(128,323	)		1,359,596
Gross profit		525,405		231,854		—			757,259
Selling, general and administrative		349,535		222,455		—			571,990
Depreciation and amortization		13,454		6,920					20,374
Operating profit	$	162,416	$	2,479	$	—		$	164,895

	January 31, 2014
	Wholesale		Retail		Elimination (1)			Total
Net sales	$	1,487,854	$	298,008	$	(67,631	)	$	1,718,231
Cost of goods sold		1,050,348		150,505		(67,631	)		1,133,222
Gross profit		437,506		147,503		—			585,009
Selling, general and administrative		313,191		127,315		—			440,506
Depreciation and amortization		10,014		3,662					13,676
Operating profit	$	114,301	$	16,526	$	—		$	130,827

(1)

Represents intersegment sales to the Company’s retail operations.

The Company allocates overhead to its business segments on various bases, which include units shipped, space utilization, inventory levels, and relative sales levels, among other factors. The method of allocation has been applied consistently on a year-to-year basis.

The total assets for each of the Company’s reportable segments, as well as assets not allocated to a segment, are as follows:

	January 31,
	2016		2015
	(In thousands)
Wholesale	$	763,353	$	684,479
Retail		210,118		182,363
Corporate		210,599		176,919
Total Assets	$	1,184,070	$	1,043,761

The total revenues and long lived assets by geographic region are as follows:

	2016				2015				2014
Geographic Region	Revenues		Long-Lived Assets		Revenues		Long-Lived Assets		Revenues		Long-Lived Assets
	(In thousands)
United States	$	2,157,889	$	150,949	$	1,956,589	$	132,822	$	1,528,473	$	106,638
Non-United States		186,253		130,681		160,266		115,030		189,758		138,069
	$	2,344,142	$	281,630	$	2,116,855	$	247,852	$	1,718,231	$	244,707

Capital expenditures for locations outside of the United States totaled $4.5 million in the fiscal year ended January 31, 2016 and $6.4 million in the fiscal year ended January 31, 2015. Capital expenditures for locations outside of the United States were not significant for the fiscal year ended January 31, 2014.