| Segment and Geographic Reporting |
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(20)
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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 direct-to-consumer sales. Management evaluates segment performance based primarily on 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. 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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2019
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2018
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2017
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Sales
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Domestic wholesale
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$
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1,247,550
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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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International wholesale
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2,462,632
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2,054,770
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1,729,906
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Retail
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1,509,869
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1,327,683
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1,184,967
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Total
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$
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5,220,051
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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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2019
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2018
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2017
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Gross profit
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Domestic wholesale
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$
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457,944
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$
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468,340
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$
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464,609
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International wholesale
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1,133,573
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976,739
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786,675
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Retail
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899,640
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778,526
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687,605
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Total
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$
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2,491,157
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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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2019
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2018
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Identifiable assets
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Domestic wholesale
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$
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1,472,323
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$
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1,428,463
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International wholesale
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2,100,042
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1,423,048
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Retail
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1,320,578
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376,744
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Total
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$
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4,892,943
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$
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3,228,255
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2019
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2018
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2017
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Additions to property, plant and equipment
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Domestic wholesale
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$
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75,037
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$
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29,717
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$
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20,055
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International wholesale
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109,205
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63,316
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47,410
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Retail
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51,869
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50,003
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68,511
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Total
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$
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236,111
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$
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143,036
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$
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135,976
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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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2019
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2018
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2017
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Sales (1)
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United States
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$
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2,197,391
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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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Canada
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167,963
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171,864
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160,367
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Other international (2)
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2,854,697
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2,342,104
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1,948,318
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Total
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$
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5,220,051
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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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2019
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2018
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Property, plant and equipment, net
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United States
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$
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439,132
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$
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385,584
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Canada
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7,286
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9,081
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Other international (2)
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292,507
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190,792
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Total
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$
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738,925
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$
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585,457
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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 sales within those respective countries and in some cases the neighboring regions. The Company has joint ventures in Asia and Mexico that generate sales from those regions. The Company also has a subsidiary in Switzerland that generates sales from that country in addition to sales to distributors located in numerous non-European countries. External sales are attributable to geographic regions based on the location of each of the Company’s subsidiaries. A subsidiary may earn revenue from external sales and external royalties, or from inter-subsidiary 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 sales reported in different geographic areas.
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(2)
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Other international consists of Asia, Mexico, 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, the Company does not authorize or permit any distribution or sales of its product in these countries, and the Company is not aware of any current or past distribution or sales of its product in Sudan or Syria.
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