Segment Information

12 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Segment Information

Q.        SEGMENT INFORMATION

The Company's products are primarily sold in TIFFANY & CO. retail locations around the world. Net sales by geographic area are presented by attributing revenues from external customers on the basis of the country in which the merchandise is sold.

In deciding how to allocate resources and assess performance, the Company's Chief Operating Decision Maker regularly evaluates the performance of its reportable segments on the basis of net sales and earnings from operations, after the elimination of inter-segment sales and transfers. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

Certain information relating to the Company's segments is set forth below:

	Years Ended January 31,
(in thousands)	2014			2013			2012
Net sales:
Americas	$	1,926,864		$	1,839,969		$	1,805,783
Asia-Pacific	944,676			810,420			748,214
Japan	578,571			639,185			616,505
Europe	469,784			432,167			421,141
Total reportable segments	3,919,895			3,721,741			3,591,643
Other	111,235			72,508			51,294
	$	4,031,130		$	3,794,249		$	3,642,937
Earnings (losses) from operations*:
Americas	$	374,342		$	345,917		$	387,951
Asia-Pacific	244,142			188,510			205,711
Japan	215,582			204,510			184,767
Europe	101,153			90,955			105,728
Total reportable segments	935,219			829,892			884,157
Other	(649		)	(6,254		)	(5,247		)
	$	934,570		$	823,638		$	878,910

* Represents earnings (losses) from operations before (i) unallocated corporate expenses, (ii) interest expense, financing costs, and other income, net and (iii) other operating expenses.

The Company's Chief Operating Decision Maker does not evaluate the performance of the Company's assets on a segment basis for internal management reporting and, therefore, such information is not presented.

The following table sets forth a reconciliation of the segments' earnings from operations to the Company's consolidated earnings from operations before income taxes:

	Years Ended January 31,
(in thousands)	2014			2013			2012
Earnings from operations for segments	$	934,570		$	823,638		$	878,910
Unallocated corporate expenses	(140,651		)	(126,421		)	(127,765		)
Interest expense, financing costs and other income, net	(49,463		)	(53,641		)	(43,475		)
Other operating expense	(489,590		)	—			(42,719		)
Earnings from operations before income taxes	$	254,866		$	643,576		$	664,951

Unallocated corporate expenses includes certain costs related to administrative support functions which the Company does not allocate to its segments. Such unallocated costs include those for centralized information technology, finance, legal and human resources departments.

Other operating expense in the year ended January 31, 2014 was related to specific cost-reduction initiatives and the Arbitration Award. Other operating expense in the year ended January 31, 2012 was related to Tiffany's relocation of its New York headquarters staff to a single location. See "Note K - Commitments and Contingencies."

Sales to unaffiliated customers and long-lived assets by geographic areas were as follows:

	Years Ended January 31,
(in thousands)	2014		2013		2012
Net sales:
United States	$	1,770,731	$	1,696,502	$	1,687,478
Japan	578,571		639,185		616,505
Other countries	1,681,828		1,458,562		1,338,954
	$	4,031,130	$	3,794,249	$	3,642,937
Long-lived assets:
United States	$	632,907	$	630,805	$	597,124
Japan	21,571		28,971		32,030
Other countries	241,951		200,480		171,014
	$	896,429	$	860,256	$	800,168

Classes of Similar Products

	Years Ended January 31,
(in thousands)	2014		2013		2012
Net sales:
Statement, fine & solitaire jewelry	$	930,433	$	753,721	$	709,706
Engagement jewelry & wedding bands	1,182,205		1,142,609		1,105,152
Fashion jewelry	1,604,231		1,567,266		1,500,796
All other	314,261		330,653		327,283
	$	4,031,130	$	3,794,249	$	3,642,937

The previously disclosed designer jewelry category, of items bearing the name of and attributed to one of the Company's "named" designers: Elsa Peretti, Paloma Picasso and Frank Gehry, has been reclassified into the three remaining categories to conform with management's current internal analysis of product sales.