Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting (Tables)

v3.8.0.1
Segment and Geographic Reporting (Tables)
9 Months Ended
Sep. 30, 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

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

294,127

 

 

$

290,030

 

 

$

993,664

 

 

$

970,798

 

International wholesale

 

 

475,177

 

 

 

377,988

 

 

 

1,323,688

 

 

 

1,101,455

 

Retail

 

 

325,525

 

 

 

274,399

 

 

 

876,219

 

 

 

726,768

 

Total

 

$

1,094,829

 

 

$

942,417

 

 

$

3,193,571

 

 

$

2,799,021

 

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

110,693

 

 

$

108,155

 

 

$

376,502

 

 

$

373,326

 

International wholesale

 

 

219,260

 

 

 

164,676

 

 

 

594,898

 

 

 

479,983

 

Retail

 

 

190,034

 

 

 

157,147

 

 

 

513,406

 

 

 

425,075

 

Total

 

$

519,987

 

 

$

429,978

 

 

$

1,484,806

 

 

$

1,278,384

 

 

 

 

September 30,

2017

 

 

December 31, 2016

 

Identifiable assets:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,129,318

 

 

$

1,161,719

 

International wholesale

 

 

1,221,755

 

 

 

954,874

 

Retail

 

 

342,187

 

 

 

277,077

 

Total

 

$

2,693,260

 

 

$

2,393,670

 

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Additions to property, plant and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

5,418

 

 

$

2,800

 

 

$

8,699

 

 

$

14,033

 

International wholesale

 

 

14,461

 

 

 

10,904

 

 

 

45,884

 

 

 

32,578

 

Retail

 

 

5,782

 

 

 

12,013

 

 

 

47,580

 

 

 

34,140

 

Total

 

$

25,661

 

 

$

25,717

 

 

$

102,163

 

 

$

80,751

 

 

Geographic Information

Geographic Information:

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

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net Sales (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

514,235

 

 

$

491,123

 

 

$

1,595,078

 

 

$

1,513,261

 

Canada

 

 

46,979

 

 

 

39,306

 

 

 

133,362

 

 

 

110,807

 

Other international (2)

 

 

533,615

 

 

 

411,988

 

 

 

1,465,131

 

 

 

1,174,953

 

Total

 

$

1,094,829

 

 

$

942,417

 

 

$

3,193,571

 

 

$

2,799,021

 

 

 

 

September 30,

2017

 

 

December 31, 2016

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

378,272

 

 

$

374,459

 

Canada

 

 

10,472

 

 

 

10,410

 

Other international (2)

 

 

143,738

 

 

 

109,604

 

Total

 

$

532,482

 

 

$

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 (excluding U.S. and Canada) and South America.