Segment and Geographic Data

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographic Data

15. Segment and Geographic Data

The Company identifies its operating segments according to how business activities are managed and evaluated. Prior to October 1, 2016, the Company had disclosed the following reportable operating segments: men’s, women’s, home, and entertainment. Following such quarter, the Company has reviewed its business activities, how they are managed and evaluated, and determined that it would reflect five distinct reportable operating segments: men’s, women’s, home, entertainment, and international. Therefore, the Company has disclosed these reportable operating segments for the periods shown below. Since the Company does not track, manage and analyze its assets by segments, no disclosure of segmented assets is reported.  

The five reportable operating segments described below represent the Company’s activities for which separate financial information is available and which is utilized on a regular basis by the Company’s CODM to evaluate performance and allocate resources.  In identifying the Company’s reportable operating segments, the Company considers its management structure and the economic characteristics, customers, sales growth potential and long-term profitability of its operating segments.  As such, the Company configured its operations into the following five reportable operating segments:

• Men’s segment – consists of the Company’s men’s brands in the United States.

• Women’s segment – consists of the Company’s women’s brands in the United States.

• Home segment – consists of the Company’s home brands in the United States.

• Entertainment segment – consists of the Company’s entertainment brands in both domestic and international markets.

• International segment – consists of the Company’s men’s, women’s and home brands in international markets.

Corporate includes compensation, benefits and occupancy costs for corporate employees as well as audit, legal, information technology expenses used to manage our business.  The Company updated its FY 2015 and FY 2014 segment data to conform to the new reportable operating segments.

The Company’s Chief Executive Officer has been identified as the CODM.  The Company’s measure of segment profitability is licensing revenue and operating income.  The accounting policies of the Company’s reportable operating segments are the same as those described in Note 1 – Summary of Significant Accounting Policies.

The geographic regions consist of the United States, Japan and Other (which principally represent Latin America and Europe). Revenues attributable to each region are based on the location in which licensees are located and where they principally do business.

Reportable data for the Company’s operating segments were as follows:

	FY 2016			FY 2015			FY 2014
Licensing revenue:
Men’s	$	48,635		$	55,208		$	60,993
Women’s		106,527			118,038			120,041
Home		38,370			36,473			39,141
Entertainment		113,318			107,606			103,070
International		61,611			61,872			68,245
	$	368,461		$	379,197		$	391,490
Operating income (loss):
Men’s	$	(132,574	)	$	(334,164	)	$	29,810
Women’s		62,565			101,074			115,293
Home		(18,106	)		(7,321	)		32,190
Entertainment		29,152			35,583			31,524
International		(162,986	)		(3,503	)		43,899
Corporate		(21,179	)		(54,332	)		(32,288	)
	$	(243,128	)	$	(262,663	)	$	220,428
Licensing revenue by category:
Direct-to-retail license	$	144,073		$	154,278		$	158,599
Wholesale licenses		168,458			170,705			178,890
Other licenses		55,930			54,214			54,001
	$	368,461		$	379,197		$	391,490
Licensing revenue by geographic region:
United States	$	229,643		$	250,209		$	264,022
Japan		45,212			34,640			31,048
Other (1)		93,606			94,348			96,420
	$	368,461		$	379,197		$	391,490

⁽¹⁾ No single country represented 10% of the Company’s revenues in the periods presented within “Other” on this table.