Segment Information

9 Months Ended

Nov. 01, 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 nine months ended November 1, 2014 and November 2, 2013 (in thousands):

	Three Months Ended						Nine Months Ended
	Nov 1, 2014			Nov 2, 2013			Nov 1, 2014			Nov 2, 2013
Net revenue:
North American Retail	$	243,238		$	253,820		$	715,582		$	746,444
Europe	189,852			200,943			584,270			616,707
Asia	71,271			72,727			205,656			209,711
North American Wholesale	53,501			53,591			131,061			138,777
Licensing	31,972			32,416			84,377			89,784
Total net revenue	$	589,834		$	613,497		$	1,720,946		$	1,801,423
Earnings (loss) from operations:
North American Retail	$	(10,517	)	$	6,206		$	(23,578	)	$	12,363
Europe	7,660			13,538			25,541			47,595
Asia	2,126			5,894			7,743			17,897
North American Wholesale	13,940			12,102			26,860			29,229
Licensing	28,157			29,171			75,787			80,476
Corporate Overhead	(16,501		)	(17,063		)	(59,607		)	(57,141		)
Restructuring Charges	—			(1,889		)	—			(10,355		)
Total earnings from operations	$	24,865		$	47,959		$	52,746		$	120,064

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 nine months ended November 2, 2013 related to plans to streamline and consolidate the Company’s operations and reduce expenses in Europe, North America and Asia. Refer to Note 6 for more information regarding these restructuring charges.