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Segment Information (Tables)
12 Months Ended
Jan. 28, 2023
Segment Reporting [Abstract]  
Summary of net revenue, earnings (loss) from operations and capital expenditures by segment
Segment information is summarized as follows (in thousands):
Year Ended
Jan 28, 20231
Jan 29, 20221
Jan 30, 20211
Net revenue:   
Americas Retail$758,100 $759,117 $510,806 
Americas Wholesale206,208 201,202 117,607 
Europe1,380,790 1,297,550 941,546 
Asia2
238,815 237,053 232,574 
Licensing103,437 96,709 73,996 
Total net revenue$2,687,350 $2,591,631 $1,876,529 
Earnings (loss) from operations:   
Americas Retail$87,184 $124,902 $(15,776)
Americas Wholesale46,266 53,731 19,912 
Europe159,629 174,860 66,790 
Asia2
(4,811)(4,114)(20,758)
Licensing92,117 88,136 67,938 
Total segment earnings from operations380,385 437,515 118,106 
Corporate overhead(124,935)(129,588)(100,962)
Asset impairment charges3
(9,544)(3,149)(80,442)
Net gains on lease modifications4
2,267 259 2,801 
Total earnings (loss) from operations$248,173 $305,037 $(60,497)
Capital expenditures:   
Americas Retail$23,149 $7,152 $3,052 
Americas Wholesale4,039 1,024 53 
Europe51,265 47,034 12,631 
Asia3,932 4,337 1,915 
Corporate overhead 7,118 3,974 1,225 
Total capital expenditures$89,503 $63,521 $18,876 
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1The Company operates on a 52/53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year.
2Within Asia, the Company recorded a loss from operations in China during fiscal 2021, which included approximately $12 million for inventory obsolescence, as well as additional reserves for returns and markdowns, primarily due to the COVID-19 pandemic.
3During fiscal 2023, fiscal 2022 and fiscal 2021, the Company recognized asset impairment charges related primarily to the impairment of certain operating lease ROU assets and impairment of property and equipment related to certain retail stores 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 5 and Note 9 for further information.
4During fiscal 2023, fiscal 2022 and fiscal 2021, the Company recorded net gains on lease modifications related primarily to the early termination of certain lease agreements. Refer to Note 1 for more information regarding the net gains on lease modifications.
Summary of net revenue and long-lived assets by country
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 as follows (in thousands):
Year Ended
Jan 28, 2023Jan 29, 2022Jan 30, 2021
Net product sales:   
U.S.$673,868 $722,610 $461,555 
Italy289,170 265,106 182,115 
Germany187,888 189,083 138,762 
Canada175,485 150,339 104,432 
Spain150,045 137,037 97,032 
South Korea140,449 126,563 120,703 
Other foreign countries967,008 904,184 697,934 
Total product sales2,583,913 2,494,922 1,802,533 
Net royalties103,437 96,709 73,996 
Net revenue$2,687,350 $2,591,631 $1,876,529 
The Company’s long-lived assets by geographic location are as follows (in thousands):
Jan 28, 2023Jan 29, 2022
Long-lived assets:  
U.S. $232,061 $256,685 
Italy140,261 115,356 
Germany48,095 38,757 
Canada17,315 23,994 
Spain107,859 121,392 
South Korea8,174 8,440 
Other foreign countries378,471 412,478 
Total long-lived assets$932,236 $977,102