Segment Information

6 Months Ended

Aug. 02, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: North American Retail, Europe, Asia, North American Wholesale and Licensing. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The North American Retail segment includes the Company’s retail and e-commerce operations in North America and its retail operations in Central and South America. The Europe segment includes the Company’s wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale, retail and e-commerce operations in Asia. The North American Wholesale segment includes the Company’s wholesale operations in North America and Central and South America. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, and restructuring charges. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, facilities, global advertising and marketing, human resources, information technology and legal.

Net revenue and earnings (loss) from operations are summarized as follows for the three and six months ended August 2, 2014 and August 3, 2013 (in thousands):

	Three Months Ended						Six Months Ended
	Aug 2, 2014			Aug 3, 2013			Aug 2, 2014			Aug 3, 2013
Net revenue:
North American Retail	$	244,000		$	254,313		$	472,344		$	492,624
Europe	235,260			250,372			394,418			415,764
Asia	64,267			65,852			134,385			136,984
North American Wholesale	38,252			41,357			77,560			85,186
Licensing	26,792			27,118			52,405			57,368
Total net revenue	$	608,571		$	639,012		$	1,131,112		$	1,187,926
Earnings (loss)from operations:
North American Retail	$	(4,662	)	$	10,390		$	(13,061	)	$	6,157
Europe	24,513			39,275			17,881			34,057
Asia	2,264			5,039			5,617			12,003
North American Wholesale	5,167			8,478			12,920			17,127
Licensing	24,909			25,101			47,630			51,305
Corporate Overhead	(22,333		)	(21,374		)	(43,106		)	(40,078		)
Restructuring Charges	—			(6,129		)	—			(8,466		)
Total earnings from operations	$	29,858		$	60,780		$	27,881		$	72,105

Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year. Restructuring charges incurred during the three and six months ended August 3, 2013 related to plans to streamline and consolidate the Company’s operations and reduce expenses in North America, Europe and Asia. Refer to Note 6 for more information regarding these restructuring charges.