Annual report pursuant to Section 13 and 15(d)

Segment and Geographic Reporting

v3.6.0.2
Segment and Geographic Reporting
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment and Geographic Reporting

 

(17)

SEGMENT AND GEOGRAPHIC REPORTING

The Company has three reportable segments–domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. Management evaluates segment performance based primarily on net sales and gross margins. All other costs and expenses of the Company are analyzed on an aggregate basis, and these costs are not allocated to the Company’s segments. Net sales, gross margins and identifiable assets for the domestic wholesale, international wholesale, and retail segments on a combined basis were as follows (in thousands):

 

 

 

2016

 

 

2015

 

 

2014

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,199,832

 

 

$

1,219,779

 

 

$

997,994

 

International wholesale

 

 

1,391,235

 

 

 

1,094,395

 

 

 

689,195

 

Retail

 

 

972,244

 

 

 

833,149

 

 

 

690,372

 

Total

 

$

3,563,311

 

 

$

3,147,323

 

 

$

2,377,561

 

 

 

 

2016

 

 

2015

 

 

2014

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

454,088

 

 

$

471,104

 

 

$

367,980

 

International wholesale

 

 

616,110

 

 

 

454,665

 

 

 

292,722

 

Retail

 

 

564,398

 

 

 

498,239

 

 

 

411,203

 

Total

 

$

1,634,596

 

 

$

1,424,008

 

 

$

1,071,905

 

 

 

 

2016

 

 

2015

 

Identifiable assets

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,161,719

 

 

$

1,086,554

 

International wholesale

 

 

954,874

 

 

 

713,424

 

Retail

 

 

277,077

 

 

 

239,900

 

Total

 

$

2,393,670

 

 

$

2,039,878

 

 

 

 

2016

 

 

2015

 

 

2014

 

Additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

33,677

 

 

$

38,080

 

 

$

9,655

 

International wholesale

 

 

44,286

 

 

 

37,909

 

 

 

18,899

 

Retail

 

 

41,508

 

 

 

42,155

 

 

 

28,351

 

Total

 

$

119,471

 

 

$

118,144

 

 

$

56,905

 

 

Geographic Information

The following summarizes the Company’s operations in different geographic areas as of and for the years ended December 31:

 

 

 

2016

 

 

2015

 

 

2014

 

Net Sales (1)

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,920,051

 

 

$

1,876,201

 

 

$

1,558,226

 

Canada

 

 

130,555

 

 

 

103,268

 

 

 

85,139

 

Other international (2)

 

 

1,512,705

 

 

 

1,167,854

 

 

 

734,196

 

Total

 

$

3,563,311

 

 

$

3,147,323

 

 

$

2,377,561

 

 

 

 

2016

 

 

2015

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

United States

 

$

374,459

 

 

$

356,704

 

Canada

 

 

10,410

 

 

 

8,447

 

Other international (2)

 

 

109,604

 

 

 

70,756

 

Total

 

$

494,473

 

 

$

435,907

 

 

 

(1)

The Company has subsidiaries in Asia, Central America, Europe, the Middle East, North America, and South America that generate net sales within those respective countries and in some cases the neighboring regions. The Company has joint ventures in Asia that generate net sales from those countries. 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 consolidated financial statements and are not included as part of the external net sales reported in different geographic areas.

(2)

Other international consists of Asia, Central America, Europe, the Middle East, and South America.

In response to the State Department’s trade restrictions with Sudan and Syria, we do not authorize or permit any distribution or sales of our product in these countries, and we are not aware of any current or past distribution or sales of our product in Sudan or Syria.