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Segment Information
6 Months Ended
Jul. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail, Americas Wholesale, Europe, Asia and Licensing. The Company’s Americas Retail, Americas Wholesale, Europe and Licensing reportable segments are the same as their respective operating segments. Certain components of the Company’s Asia operating segment are separate operating segments based on region, which have been aggregated into the Asia reportable segment for disclosure purposes.
Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, asset impairment charges, net gains (losses) on lease modifications, restructuring charges and certain non-recurring credits (charges), if any. The Company believes this segment reporting reflects how its business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions.
Net revenue and earnings (loss) from operations are summarized (in thousands):    
 Three Months EndedSix Months Ended
 Jul 31, 2021Aug 1, 2020Jul 31, 2021Aug 1, 2020
Net revenue:  
Americas Retail$186,297 $110,065 $341,832 $184,649 
Americas Wholesale49,858 20,285 95,288 46,160 
Europe322,723 205,851 564,575 312,324 
Asia47,813 50,191 103,473 90,576 
Licensing21,933 12,147 43,458 25,081 
Total net revenue$628,624 $398,539 $1,148,626 $658,790 
Earnings (loss) from operations:  
Americas Retail$37,916 $(4,704)$58,190 $(41,377)
Americas Wholesale12,944 1,688 24,499 3,312 
Europe51,417 20,795 55,615 (23,611)
Asia(4,847)(3,367)(6,655)(26,144)
Licensing20,154 11,511 39,585 21,605 
Total segment earnings (loss) from operations117,584 25,923 171,234 (66,215)
Corporate overhead(29,115)(29,188)(57,891)(46,109)
Asset impairment charges1
(1,501)(11,969)(1,942)(64,941)
Net gains on lease modifications2
420 885 2,565 429 
Total earnings (loss) from operations$87,388 $(14,349)$113,966 $(176,836)
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Notes:
1.During the three and six months ended July 31, 2021 and August 1, 2020, the Company recognized asset impairment charges related primarily to impairment of certain operating lease ROU assets and impairment of property and equipment related to certain retail locations resulting from lower revenue and future cash flow projections from the ongoing effects of the COVID-19 pandemic and expected store closures. Refer to Note 2 and Note 15 for more information regarding these asset impairment charges.
2.During the three and six months ended July 31, 2021 and August 1, 2020, amounts recorded represent net gains on lease modifications related primarily to the early termination of certain lease agreements.
The below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Company’s customer is located (in thousands):
 Three Months EndedSix Months Ended
 Jul 31, 2021Aug 1, 2020Jul 31, 2021Aug 1, 2020
Net revenue:  
U.S.$180,265 $97,202 $337,331 $166,667 
Italy64,803 36,671 112,356 56,023 
Germany52,204 33,376 86,882 44,738 
Canada34,425 24,174 61,065 40,851 
Spain31,737 20,381 57,244 33,377 
South Korea26,802 29,092 54,611 50,316 
Other foreign countries216,455 145,496 395,679 241,737 
Total product sales606,691 386,392 1,105,168 633,709 
Net royalties21,933 12,147 43,458 25,081 
Net revenue$628,624 $398,539 $1,148,626 $658,790 
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.