Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting (Tables)

v3.7.0.1
Segment and Geographic Reporting (Tables)
3 Months Ended
Mar. 31, 2017
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,

 

 

 

2017

 

 

2016

 

Net sales:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

358,432

 

 

$

360,270

 

International wholesale

 

 

490,452

 

 

 

420,035

 

Retail

 

 

223,924

 

 

 

198,489

 

Total

 

$

1,072,808

 

 

$

978,794

 

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Gross profit:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

139,808

 

 

$

140,516

 

International wholesale

 

 

210,314

 

 

 

176,020

 

Retail

 

 

126,376

 

 

 

115,616

 

Total

 

$

476,498

 

 

$

432,152

 

 

 

 

March 31,

2017

 

 

December 31, 2016

 

Identifiable assets:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,090,121

 

 

$

1,161,719

 

International wholesale

 

 

1,034,232

 

 

 

954,874

 

Retail

 

 

281,358

 

 

 

277,077

 

Total

 

$

2,405,711

 

 

$

2,393,670

 

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Additions to property, plant and equipment:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,533

 

 

$

10,136

 

International wholesale

 

 

11,793

 

 

 

15,979

 

Retail

 

 

15,556

 

 

 

9,082

 

Total

 

$

28,882

 

 

$

35,197

 

 

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,

 

 

 

2017

 

 

2016

 

Net Sales (1):

 

 

 

 

 

 

 

 

United States

 

$

522,796

 

 

$

512,237

 

Canada

 

 

48,228

 

 

 

37,069

 

Other international (2)

 

 

501,784

 

 

 

429,488

 

Total

 

$

1,072,808

 

 

$

978,794

 

 

 

 

March 31, 2017

 

 

December 31, 2016

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

376,496

 

 

$

374,459

 

Canada

 

 

10,611

 

 

 

10,410

 

Other international (2)

 

 

115,551

 

 

 

109,604

 

Total

 

$

502,658

 

 

$

494,473

 

 

(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 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, the Middle East, North America and South America.