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Major Customer, Segment and Geographic Information
 12 Months Ended
Jan. 01, 2022
Segment Reporting [Abstract]  
Major Customer, Segment and Geographic Information Major Customer, Segment and Geographic Information
Major Customer
Wholesale customers of the Company consist principally of major department stores and specialty retail stores located throughout the world. No individual customer accounts for 10% or more of the Company's net sales.
Segment Information
The Company reports segment information based on the "management approach". The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company's reportable segments.
The Company manages its business primarily on a geographic basis. The Company's reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The Asia segment primarily includes sales to customers based in Australia, China (including Hong Kong, Macau and Taiwan), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment provides similar products and services.
The Company evaluates the performance of its reportable segments based on net sales and operating income (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Corporate includes peripheral revenue generating activities from factories and intellectual property and general corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses that are not allocated to the various segments because they are managed at the corporate level internally. The Company does not include intercompany transfers between segments for management reporting purposes.
Due to changes in the Company’s reportable segments and product types as discussed in Note 1 to the Consolidated Financial Statements, segment and product results for fiscal years 2020 and 2019 have been recast to present results on a comparable basis. Summary information by operating segment was as follows (in thousands):
Fiscal Year 2021
Net SalesOperating
Income (Loss)		Depreciation
and
Amortization		Long-term
Assets		Total Assets
Americas$785,923 $157,012 $6,227 $91,840 $332,822 
Europe610,217 109,964 9,000 102,437 329,579 
Asia455,157 70,949 3,969 60,373 215,611 
Corporate18,739 (245,288)9,912 91,314 490,707 
Consolidated$1,870,036 $92,637 $29,108 $345,964 $1,368,719 
Fiscal Year 2020
Net SalesOperating
Income (Loss)		Depreciation
and
Amortization		Long-term
Assets		Total Assets
Americas$642,213 $33,064 $10,692 $112,934 $319,586 
Europe522,364 25,426 12,222 135,190 328,246 
Asia434,351 64,937 6,174 82,122 234,770 
Corporate14,415 (258,746)13,162 157,784 595,903 
Consolidated$1,613,343 $(135,319)$42,250 $488,030 $1,478,505 
Fiscal Year 2019
Net SalesOperating
Income		Depreciation
and
Amortization		Long-term
Assets		Total Assets
Americas$949,965 $66,770 $15,104 $164,097 $474,428 
Europe715,494 94,898 15,099 171,952 406,603 
Asia535,156 104,670 6,724 89,434 298,034 
Corporate17,097 (294,721)16,515 119,791 425,667 
Consolidated$2,217,712 $(28,383)$53,442 $545,274 $1,604,732 
The following table shows revenue for each class of similar products for fiscal years 2021, 2020 and 2019 (in thousands):
Fiscal Year 2021Fiscal Year 2020Fiscal Year 2019
Net SalesPercentage
of Total		Net SalesPercentage
of Total		Net SalesPercentage
of Total
Watches:
    Traditional watches$1,288,499 68.9 %$1,057,939 65.6 %$1,479,637 66.7 %
    Smartwatches223,899 12.0 248,762 15.4 325,451 14.7 
Total watches$1,512,398 80.9 %$1,306,701 81.0 %$1,805,088 81.4 %
Leathers157,642 8.4 173,621 10.7 238,619 10.8 
Jewelry158,845 8.5 96,062 6.0 120,570 5.4 
Other41,151 2.2 36,959 2.3 53,435 2.4 
Total$1,870,036 100.0 %$1,613,343 100.0 %$2,217,712 100.0 %
Geographic Information
Net sales and long-lived assets related to the Company's operations in the U.S., Europe, Asia and all other international markets were as follows (in thousands):
Fiscal Year 2021
Net Sales (1)
Long-term
Assets
United States$682,900 $150,119 
Europe614,249 
(2)
117,713 
Asia458,241 
(3)
65,693 
All other international114,646 12,439 
Consolidated$1,870,036 $345,964 
Fiscal Year 2020
Net Sales (1)
Long-term
Assets
United States$546,753 $234,325 
Europe525,333 
(2)
147,208 
Asia436,570 
(3)
89,144 
All other international104,687 17,353 
Consolidated$1,613,343 $488,030 
Fiscal Year 2019
Net Sales (1)
Long-term
Assets
United States$819,825 $239,032 
Europe718,216 
(2)
184,507 
Asia537,503 
(3)
99,565 
All other international142,168 22,170 
Consolidated$2,217,712 $545,274 
_______________________________________________________________________________
(1)Net sales are based on the location of the selling entity (including exports).
(2)Net sales from Germany (including exports) accounted for more than 10% of the Company's consolidated net sales and were approximately $237.1 million, $225.5 million and $310.1 million in fiscal years 2021, 2020 and 2019, respectively.
(3)Net sales from China (including Hong Kong, Macau and Taiwan and exports) accounted for more than 10% of the Company's consolidated net sales and were approximately $261.4 million, $228.4 million and $218.1 million in fiscal years 2021, 2020 and 2019, respectively.