| SEGMENT AND GEOGRAPHIC REPORTING INFORMATION |
(10) SEGMENT AND
GEOGRAPHIC REPORTING INFORMATION
The Company has
four reportable segments—domestic wholesale sales,
international wholesale sales, retail sales, which includes
domestic and international retail sales, and e-commerce sales.
Management evaluates segment performance based primarily on net
sales and gross profit. 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 profit
and identifiable assets and additions to property, plant and
equipment for the domestic wholesale segment, international
wholesale, retail, and the e-commerce segment on a combined basis
were as follows (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2012 |
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2011 |
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2012 |
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2011 |
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Net sales
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|
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Domestic
wholesale
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$ |
174,144 |
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$ |
162,516 |
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$ |
485,853 |
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$ |
591,292 |
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International
wholesale
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|
122,989 |
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|
133,792 |
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|
329,083 |
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|
408,205 |
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Retail
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|
126,932 |
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|
111,484 |
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|
334,335 |
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|
307,847 |
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E-commerce
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|
5,364 |
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|
4,391 |
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|
15,433 |
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|
15,424 |
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Total
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$ |
429,429 |
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$ |
412,183 |
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$ |
1,164,704 |
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$ |
1,322,768 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2012 |
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2011 |
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|
2012 |
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|
2011 |
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Gross margins
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Domestic
wholesale
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$ |
64,698 |
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$ |
56,969 |
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$ |
185,572 |
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|
$ |
160,823 |
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International
wholesale
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|
47,086 |
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|
54,045 |
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|
128,077 |
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|
166,689 |
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Retail
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|
73,642 |
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|
62,079 |
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|
194,257 |
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|
175,939 |
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E-commerce
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|
2,398 |
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|
2,102 |
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|
6,956 |
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|
7,684 |
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Total
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$ |
187,824 |
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$ |
175,195 |
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$ |
514,862 |
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$ |
511,135 |
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September 30, 2012 |
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December 31, 2011 |
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Identifiable
assets
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Domestic
wholesale
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$ |
815,458 |
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$ |
844,383 |
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International
wholesale
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|
349,521 |
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|
304,025 |
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Retail
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|
150,843 |
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|
133,081 |
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E-commerce
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|
319 |
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|
399 |
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|
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Total
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$ |
1,316,141 |
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$ |
1,281,888 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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| |
|
2012 |
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|
2011 |
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|
2012 |
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|
2011 |
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Additions to property,
plant and equipment
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Domestic
wholesale
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$ |
2,930 |
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$ |
12,175 |
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$ |
14,566 |
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$ |
90,959 |
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International
wholesale
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|
403 |
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|
1,006 |
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|
2,358 |
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|
2,830 |
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Retail
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|
2,253 |
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|
8,237 |
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|
11,250 |
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|
20,510 |
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Total
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$ |
5,586 |
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$ |
21,418 |
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$ |
28,174 |
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$ |
114,299 |
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Geographic
Information:
The following
summarizes our operations in different geographic areas for the
period indicated (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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| |
|
2012 |
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|
2011 |
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|
2012 |
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|
2011 |
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Net Sales (1)
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United States
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$ |
288,697 |
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$ |
263,383 |
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$ |
788,797 |
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$ |
870,780 |
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Canada
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|
16,127 |
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|
13,643 |
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|
40,226 |
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|
41,161 |
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Other international
(2)
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|
124,605 |
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|
135,157 |
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|
335,681 |
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|
410,827 |
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Total
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$ |
429,429 |
|
|
$ |
412,183 |
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$ |
1,164,704 |
|
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$ |
1,322,768 |
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September 30, 2012 |
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|
December 31, 2011 |
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Property, plant and
equipment
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
349,728 |
|
|
$ |
358,405 |
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Canada
|
|
|
1,351 |
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|
1,179 |
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Other international
(2)
|
|
|
15,860 |
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|
|
16,862 |
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|
|
|
|
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Total
|
|
$ |
366,939 |
|
|
$ |
376,446 |
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| (1) |
The Company has
subsidiaries in Canada, United Kingdom, Germany, France, Spain,
Portugal, Italy, Netherlands, Brazil, Chile and Japan that generate
net sales within those respective countries and in some cases the
neighboring regions. The Company has joint ventures in China, Hong
Kong, Malaysia, Singapore and Thailand 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 our distributors located in numerous non-European countries. Net
sales are attributable to geographic regions based on the location
of the Company subsidiary. |
| (2) |
Other international
consists of Switzerland, United Kingdom, Germany, Austria, France,
Spain, Portugal, Italy, Netherlands, China, Hong Kong, Malaysia,
Singapore, Thailand, Brazil, Chile, Vietnam and Japan. |
|