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Major Customer, Segment and Geographic Information
 12 Months Ended
Dec. 30, 2023
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.
Summary information by operating segment was as follows (in thousands):
Fiscal Year 2023
Net SalesOperating
Income (Loss)		Depreciation
and
Amortization		Long-term
Assets		Total Assets
Americas$640,779 $82,746 $3,734 $72,512 $266,691 
Europe437,358 40,962 4,907 76,115 213,929 
Asia328,198 38,162 2,508 58,192 191,886 
Corporate6,049 (304,894)13,279 60,521 305,524 
Consolidated$1,412,384 $(143,024)$24,428 $267,340 $978,030 
Fiscal Year 2022
Net SalesOperating
Income (Loss)		Depreciation
and
Amortization		Long-term
Assets		Total Assets
Americas$744,027 $116,401 $4,834 $84,247 $343,556 
Europe541,343 91,087 5,856 86,200 269,097 
Asia377,600 52,090 3,071 48,054 206,925 
Corporate19,469 (261,051)8,870 74,327 418,550 
Consolidated$1,682,439 $(1,473)$22,631 $292,828 $1,238,128 
Fiscal Year 2021
Net SalesOperating
Income		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 
The following table shows revenue for each class of similar products for fiscal years 2023, 2022 and 2021 (in thousands):
Fiscal Year 2023Fiscal Year 2022Fiscal Year 2021
Net SalesPercentage
of Total		Net SalesPercentage
of Total		Net SalesPercentage
of Total
Watches:
    Traditional watches$1,015,077 71.9 %$1,158,889 68.9 %$1,288,499 68.9 %
    Smartwatches80,949 5.7 151,602 9.0 223,899 12.0 
Total watches$1,096,026 77.6 %$1,310,491 77.9 %$1,512,398 80.9 %
Leathers158,427 11.2 178,542 10.6 157,642 8.4 
Jewelry131,410 9.3 154,105 9.2 158,845 8.5 
Other26,521 1.9 39,301 2.3 41,151 2.2 
Total$1,412,384 100.0 %$1,682,439 100.0 %$1,870,036 100.0 %
Geographic Information
Net sales and long-term 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 2023
Net Sales (1)
Long-term
Assets
United States$514,666 $107,085 
Europe438,148 
(2)
85,575 
Asia330,869 
(3)
64,211 
All other international128,701 10,469 
Consolidated$1,412,384 $267,340 
Fiscal Year 2022
Net Sales (1)
Long-term
Assets
United States$619,981 $133,100 
Europe543,585 
(2)
96,365 
Asia381,845 
(3)
53,050 
All other international137,028 10,313 
Consolidated$1,682,439 $292,828 
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 
_______________________________________________________________________________
(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 $173.3 million, $194.1 million and $237.1 million in fiscal years 2023, 2022 and 2021, 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 $140.4 million, $174.2 million and $261.4 million in fiscal years 2023, 2022 and 2021, respectively.