Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v2.4.0.6
Segment and Geographic Reporting Information
3 Months Ended
Mar. 31, 2013
Segment and Geographic Reporting Information

(9) SEGMENT AND GEOGRAPHIC REPORTING INFORMATION

We have four reportable segments – domestic wholesale sales, international wholesale sales, 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 margins, identifiable assets and additions to property and equipment for the domestic wholesale, international wholesale, retail, and the e-commerce segments on a combined basis were as follows (in thousands):

 

     Three-Months Ended March 31,  
     2013      2012  

Net sales

     

Domestic wholesale

   $ 192,562       $ 133,716   

International wholesale

     141,765         117,504   

Retail

     111,199         95,138   

E-commerce

     6,095         4,916   
  

 

 

    

 

 

 

Total

   $ 451,621       $ 351,274   
  

 

 

    

 

 

 

 

     Three-Months Ended March 31,  
     2013      2012  

Gross margins

     

Domestic wholesale

   $ 66,817       $ 51,872   

International wholesale

     58,799         47,623   

Retail

     64,237         54,062   

E-commerce

     2,879         2,139   
  

 

 

    

 

 

 

Total

   $ 192,732       $ 155,696   
  

 

 

    

 

 

 

 

     March 31, 2013      December 31, 2012  

Identifiable assets

     

Domestic wholesale

   $ 777,395       $ 820,253   

International wholesale

     326,332         367,005   

Retail

     157,988         152,795   

E-commerce

     337         167   
  

 

 

    

 

 

 

Total

   $ 1,262,052       $ 1,340,220   
  

 

 

    

 

 

 

 

     Three-Months Ended March 31,  
     2013      2012  

Additions to property, plant and equipment

     

Domestic wholesale

   $ 2,072       $ 4,133   

International wholesale

     227         559   

Retail

     5,475         6,896   
  

 

 

    

 

 

 

Total

   $ 7,774       $ 11,588   
  

 

 

    

 

 

 

Geographic Information:

The following summarizes our operations in different geographic areas for the period indicated (in thousands):

 

     Three-Months Ended March 31,  
     2013      2012  

Net sales (1)

     

United States

   $ 294,542       $ 221,177   

Canada

     16,914         12,291   

Other international (2)

     140,165         117,806   
  

 

 

    

 

 

 

Total

   $ 451,621       $ 351,274   
  

 

 

    

 

 

 

 

     March 31, 2013      December 31, 2012  

Property, plant and equipment

     

United States

   $ 344,939       $ 345,202   

Canada

     1,123         1,252   

Other international (2)

     15,338         15,992   
  

 

 

    

 

 

 

Total

   $ 361,400       $ 362,446   
  

 

 

    

 

 

 

 

(1) The Company has subsidiaries in Canada, United Kingdom, Germany, France, Spain, Portugal, Italy, Belgium, the Netherlands, Japan, Brazil and Chile 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, Thailand and India 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, Belgium, the Netherlands, Brazil, Chile, China, Hong Kong, Malaysia, Singapore, Thailand, Vietnam, India and Japan.