Segment Information

3 Months Ended

May 02, 2015

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. The Company’s operating segments are the same as its reportable segments. 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 months ended May 2, 2015 and May 3, 2014 (in thousands):

	Three Months Ended
	May 2, 2015			May 3, 2014
Net revenue:
North American Retail	$	214,249		$	228,344
Europe	137,397			159,158
Asia	64,035			70,118
North American Wholesale	37,278			39,308
Licensing	25,865			25,613
Total net revenue	$	478,824		$	522,541
Earnings (loss) from operations:
North American Retail	$	(7,209	)	$	(8,399	)
Europe	(3,668		)	(6,632		)
Asia	4,613			3,353
North American Wholesale	6,747			7,753
Licensing	23,025			22,721
Corporate Overhead	(19,155		)	(20,773		)
Total earnings (loss) from operations	$	4,353		$	(1,977	)

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.