
*(Amounts in thousands)*		Three Months Ended						Six Months Ended
		December 31,		December 31,				December 31,		December 31,
		2014			2013			2014		2013
Segment Net Sales:
North America	$	227,275		$	269,647		$	399,634		$	494,306
International		118,914			148,490			219,612			267,440
Total	$	346,189		$	418,137		$	619,246		$	761,746

Reconciliation:
Segment Net Sales	$	346,189		$	418,137		$	619,246		$	761,746
Less:
Unallocated sales returns and markdowns		(12,582	)(1)		--			(15,261	)(1)		--
Net Sales	$	333,607		$	418,137		$	603,985		$	761,746

Segment Profit:
North America	$	30,565		$	33,960		$	43,386		$	62,847
International		1,917			14,822			(9,546	)		6,880
Total	$	32,482		$	48,782		$	33,840		$	69,727

Reconciliation:
Segment Profit	$	32,482		$	48,782		$	33,840		$	69,727
Less:
Depreciation and Amortization		12,755			13,124			25,467			25,653
Interest Expense, net		7,712			5,734			15,468			11,766
Consolidation and Elimination
Adjustments		1,436			630			1,515			(1,363	)
Unallocated Corporate Expenses		66,645	(2)		(15,746	)(3)		72,737	(4)		(13,371	)(5)
(Loss) Income Before Income Taxes	$	(56,066	)	$	45,040		$	(81,347	)	$	47,042

(1) Amounts for the three and six months ended December 31, 2014, represent $12.6 million and $15.3 million, respectively, of returns and markdowns under the Companys 2014 Performance Improvement Plan primarily due to changes to the Companys distribution strategy in China and other customer and distribution arrangements.

(2) In addition to the returns and markdowns described above in Note 1, amounts for the three months ended December 31, 2014, include:

$10.0 million in costs and expenses under the 2014 Performance Improvement Plan comprised of $4.6 million of inventory write-downs due to discontinuation of certain products, $4.5 million comprised primarily of customer and vendor contract termination costs, and $0.9 million of severance, other employee-related expenses and related transition costs associated with the reduction in global headcount positions;

$43.8 million in asset impairment charges primarily related to the write off of the Justin Bieber and Nicki Minaj licenses and other costs; and

$0.2 million of debt extinguishment costs resulting from the December 2014 amendment to the Credit Facility.

(3) Amounts for the three months ended December 31, 2013, include:

a credit of $17.2 million for the complete reversal of the remaining balance of the contingent liability for potential payments to Give Back Brands, LLC based on the Companys determination during the second quarter of fiscal 2014 that it was not probable that the performance targets related to the Justin Bieber and Nicki Minaj licenses for fiscal years 2014 and 2015 would be met; and

$1.4 million of severance and other employee-related expenses and related transition costs incurred with respect to the elimination of certain sales positions and other staff positions announced in the fall of 2013.

(4) In addition to the returns and markdowns described above in Note 1, amounts for the six months ended December 31, 2014, include:

$13.4 million in costs and expenses under the 2014 Performance Improvement Plan comprised of $4.6 million of inventory write-downs due to discontinuation of certain products, $4.5 million primarily comprised of customer and vendor contract termination costs, $4.2 million of severance, other employee-related expenses and related transition costs associated with the reduction in global headcount positions, and $0.1 million in asset impairment charges;

$43.8 million in asset impairment charges primarily related to the write off of the Justin Bieber and Nicki Minaj licenses and other costs; and

$0.2 million of debt extinguishment costs resulting from the December 2014 amendment to the Credit Facility.

(5) Amounts for the six months ended December 31, 2013, include:

$3.8 million of severance and other employee-related expenses and related transition costs incurred with respect to the elimination of certain sales positions and other staff positions announced in the fall of 2013.