Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information (Tables)

v3.4.0.3
Segment and Geographic Reporting Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Information

Net sales, gross margins, identifiable assets and additions to property and equipment for the domestic wholesale, international wholesale, retail sales segments on a combined basis were as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Net sales:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

360,270

 

 

$

321,328

 

International wholesale

 

 

420,035

 

 

 

285,571

 

Retail

 

 

198,489

 

 

 

161,098

 

Total

 

$

978,794

 

 

$

767,997

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Gross profit:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

140,516

 

 

$

125,730

 

International wholesale

 

 

176,020

 

 

 

113,377

 

Retail

 

 

115,616

 

 

 

93,433

 

Total

 

$

432,152

 

 

$

332,540

 

 

 

 

March 31, 2016

 

 

December 31, 2015

 

Identifiable assets:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,013,857

 

 

$

1,086,554

 

International wholesale

 

 

801,411

 

 

 

713,424

 

Retail

 

 

253,142

 

 

 

239,900

 

Total

 

$

2,068,410

 

 

$

2,039,878

 

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Additions to property, plant and equipment:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

10,136

 

 

$

5,688

 

International wholesale

 

 

15,979

 

 

 

3,555

 

Retail

 

 

9,082

 

 

 

5,380

 

Total

 

$

35,197

 

 

$

14,623

 

 

Geographic Information

Geographic Information:

The following summarizes the Company’s operations in different geographic areas for the periods indicated (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Net Sales (1):

 

 

 

 

 

 

 

 

United States

 

$

512,237

 

 

$

453,164

 

Canada

 

 

37,069

 

 

 

23,242

 

Other international (2)

 

 

429,488

 

 

 

291,591

 

Total

 

$

978,794

 

 

$

767,997

 

 

 

 

March 31, 2016

 

 

December 31, 2015

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

362,931

 

 

$

356,704

 

Canada

 

 

8,680

 

 

 

8,447

 

Other international (2)

 

 

85,360

 

 

 

70,756

 

Total

 

$

456,971

 

 

$

435,907

 

 

(1)

The Company has subsidiaries in Asia, Central America, Europe, North America, and South America that generate net sales within those respective regions and in some cases the neighboring regions. The Company has joint ventures in Asia that generate net sales from those regions. The Company also has a subsidiary in Switzerland that generates net sales from that country in addition to net sales to distributors located in numerous non-European countries.  External net sales are attributable to geographic regions based on the location of each of the Company’s subsidiaries. A subsidiary may earn revenue from external net sales and external royalties, or from inter-subsidiary net sales, royalties, fees and commissions provided in accordance with certain inter-subsidiary agreements. The resulting earnings of each subsidiary in its respective country are recognized under each respective country’s tax code. Inter-subsidiary revenues and expenses subsequently are eliminated in the Company’s condensed consolidated financial statements and are not included as part of the external net sales reported in different geographic areas.

(2)

Other international includes Asia, Central America, Europe, North America, and South America.