| Segment and Geographic Reporting |
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(19)
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SEGMENT AND GEOGRAPHIC REPORTING
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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):
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2018
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2017
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2016
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Net sales
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Domestic wholesale
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$
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1,259,615
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$
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1,249,287
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$
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1,199,832
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International wholesale
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2,054,770
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1,729,906
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1,391,235
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Retail
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1,327,683
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1,184,967
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972,244
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Total
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$
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4,642,068
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$
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4,164,160
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$
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3,563,311
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2018
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2017
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2016
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Gross profit
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Domestic wholesale
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$
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468,340
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$
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464,609
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$
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454,088
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International wholesale
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976,739
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786,675
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616,110
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Retail
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778,526
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687,605
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564,398
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Total
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$
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2,223,605
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$
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1,938,889
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$
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1,634,596
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2018
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2017
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Identifiable assets
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Domestic wholesale
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$
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1,428,463
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$
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1,259,119
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International wholesale
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1,423,048
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1,116,928
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Retail
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376,744
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359,035
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Total
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$
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3,228,255
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$
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2,735,082
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2018
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2017
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2016
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Additions to property, plant and equipment
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Domestic wholesale
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$
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29,717
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$
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20,055
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$
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33,677
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International wholesale
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63,316
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47,410
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44,286
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Retail
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50,003
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68,511
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41,508
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Total
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$
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143,036
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$
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135,976
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$
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119,471
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Geographic Information
The following summarizes the Company’s operations in different geographic areas as of and for the years ended December 31:
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2018
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2017
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2016
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Net Sales (1)
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United States
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$
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2,128,100
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$
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2,055,475
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$
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1,920,051
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Canada
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171,864
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160,367
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130,555
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Other international (2)
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2,342,104
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1,948,318
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1,512,705
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Total
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$
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4,642,068
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$
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4,164,160
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$
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3,563,311
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2018
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2017
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Property, plant and equipment, net
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United States
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$
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385,584
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$
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382,426
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Canada
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9,081
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9,888
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Other international (2)
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190,792
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149,287
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Total
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$
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585,457
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$
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541,601
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(1)
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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.
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(2)
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Other international consists of Asia, Central America, Europe, the Middle East, and South America.
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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.
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