Business Segment Information

3 Months Ended

Feb. 26, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company manages its business according to three regional segments: the Americas, Europe and Asia. The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s chief operating decision maker manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income.

Effective as of the beginning of 2017, certain of the Company's global expenses that support all regional segments, including global e-commerce infrastructure and global brand merchandising, marketing and design, previously recorded centrally in the Americas region segment and Corporate expenses, have now been allocated to the three regional business segments, and reported in operating results. Business segment information for the prior-year period has been revised to reflect the change in presentation.

Business segment information for the Company is as follows:

	Three Months Ended
	February 26, 2017			February 28, 2016
	(Dollars in thousands)
Net revenues:
Americas	$	577,907		$	571,185
Europe	310,317			276,486
Asia	213,767			208,829
Total net revenues	$	1,101,991		$	1,056,500
Operating income:
Americas	$	90,342		$	88,032
Europe	64,539			50,939
Asia	35,941			40,893
Regional operating income	190,822			179,864
Corporate:
Restructuring, net	—			1,848
Restructuring-related charges	—			1,497
Other corporate staff costs and expenses	82,482			59,932
Corporate expenses	82,482			63,277
Total operating income	108,340			116,587
Interest expense	(19,934		)	(14,902		)
Other income (expense), net	408			(2,219		)
Income before income taxes	$	88,814		$	99,466