Segment Information

12 Months Ended

Jan. 31, 2015

Segment Reporting [Abstract]

Segment Information

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)	2015		2014			2013
Net sales:
Americas	$	2,033,453	$	1,926,864		$	1,839,969
Asia-Pacific	1,025,169		944,676			810,420
Japan	554,258		578,571			639,185
Europe	497,287		469,784			432,167
Total reportable segments	4,110,167		3,919,895			3,721,741
Other	139,746		111,235			72,508
	$	4,249,913	$	4,031,130		$	3,794,249
Earnings (losses) from operations*:
Americas	$	435,507	$	374,342		$	345,917
Asia-Pacific	281,586		244,142			188,510
Japan	195,985		215,582			204,510
Europe	107,806		101,153			90,955
Total reportable segments	1,020,884		935,219			829,892
Other	7,610		(649		)	(6,254		)
	$	1,028,494	$	934,570		$	823,638

* Represents earnings (losses) from operations before (i) unallocated corporate expenses, (ii) interest expense, financing costs and other income, net, (iii) loss on extinguishment of debt, and (iv) 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)	2015			2014			2013
Earnings from operations for segments	$	1,028,494		$	934,570		$	823,638
Unallocated corporate expenses	(137,065		)	(140,651		)	(126,421		)
Interest expense, financing costs and other income, net	(60,113		)	(49,463		)	(53,641		)
Loss on extinguishment of debt	(93,779		)	—			—
Other operating expense	—			(489,590		)	—
Earnings from operations before income taxes	$	737,537		$	254,866		$	643,576

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.

Loss on extinguishment of debt in the year ended January 31, 2015 was related to the redemption of $400,000,000 in aggregate principal amount of the Private Placement Notes prior to their scheduled maturities (see "Note G - Debt" for additional details).

Other operating expense in the year ended January 31, 2014 was related to specific cost-reduction initiatives and the Arbitration Award. See "Note J - Commitments and Contingencies."

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

	Years Ended January 31,
(in thousands)	2015		2014		2013
Net sales:
United States	$	1,870,843	$	1,770,731	$	1,696,502
Japan	554,258		578,571		639,185
Other countries	1,824,812		1,681,828		1,458,562
	$	4,249,913	$	4,031,130	$	3,794,249
Long-lived assets:
United States	$	680,080	$	632,907	$	630,805
Japan	24,407		21,571		28,971
Other countries	239,257		241,951		200,480
	$	943,744	$	896,429	$	860,256

Classes of Similar Products

	Years Ended January 31,
(in thousands)	2015		2014		2013
Net sales:
Statement, fine & solitaire jewelry	$	930,155	$	916,804	$	749,097
Engagement jewelry & wedding bands	1,245,101		1,182,226		1,132,757
Fashion jewelry	1,755,233		1,618,194		1,581,648
All other	319,424		313,906		330,747
	$	4,249,913	$	4,031,130	$	3,794,249

Certain reclassifications have been made to the prior years' classes of similar products to conform with management's current internal analysis of product sales.