| Segment and Geographic Reporting Information |
(9) 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 June 30, |
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Six Months Ended June 30, |
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| |
|
2013 |
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|
2012 |
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|
2013 |
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|
2012 |
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|
Net sales
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
wholesale
|
|
$ |
189,648 |
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|
$ |
177,994 |
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|
$ |
382,209 |
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|
$ |
311,709 |
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|
International
wholesale
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|
|
98,094 |
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|
|
88,590 |
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|
|
239,860 |
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|
|
206,093 |
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Retail
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|
|
133,434 |
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|
|
112,265 |
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|
|
244,633 |
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|
|
207,404 |
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|
E-commerce
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|
|
7,071 |
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|
|
5,152 |
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|
|
13,166 |
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|
|
10,069 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
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|
$ |
428,247 |
|
|
$ |
384,001 |
|
|
$ |
879,868 |
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|
$ |
735,275 |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
|
Gross margins
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|
|
|
|
|
|
|
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Domestic
wholesale
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|
$ |
69,016 |
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|
$ |
69,003 |
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|
$ |
135,833 |
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|
$ |
120,874 |
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|
International
wholesale
|
|
|
41,343 |
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|
|
33,368 |
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|
|
100,142 |
|
|
|
80,990 |
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Retail
|
|
|
81,384 |
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|
|
66,552 |
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|
|
145,620 |
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|
|
120,615 |
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|
E-commerce
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|
|
3,151 |
|
|
|
2,419 |
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|
|
6,031 |
|
|
|
4,559 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
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$ |
194,894 |
|
|
$ |
171,342 |
|
|
$ |
387,626 |
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|
$ |
327,038 |
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June 30, 2013 |
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December 31, 2012 |
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Identifiable
assets
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Domestic
wholesale
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|
$ |
860,371 |
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|
$ |
820,253 |
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International
wholesale
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|
317,925 |
|
|
|
367,005 |
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Retail
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|
143,277 |
|
|
|
152,795 |
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E-commerce
|
|
|
317 |
|
|
|
167 |
|
|
|
|
|
|
|
|
|
|
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Total
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|
$ |
1,321,890 |
|
|
$ |
1,340,220 |
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| |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
|
Additions to property,
plant and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Domestic
wholesale
|
|
$ |
3,854 |
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|
$ |
7,503 |
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|
$ |
5,926 |
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|
$ |
11,636 |
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|
International
wholesale
|
|
|
605 |
|
|
|
1,395 |
|
|
|
832 |
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|
|
1,954 |
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Retail
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|
5,344 |
|
|
|
2,101 |
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|
10,820 |
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|
|
8,998 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
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$ |
9,803 |
|
|
$ |
10,999 |
|
|
$ |
17,578 |
|
|
$ |
22,588 |
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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 June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
|
Net Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
310,741 |
|
|
$ |
278,923 |
|
|
$ |
605,283 |
|
|
$ |
500,100 |
|
|
Canada
|
|
|
14,749 |
|
|
|
11,808 |
|
|
|
31,662 |
|
|
|
24,099 |
|
|
Other international
(1)
|
|
|
102,757 |
|
|
|
93,270 |
|
|
|
242,923 |
|
|
|
211,076 |
|
|
|
|
|
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|
|
|
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Total
|
|
$ |
428,247 |
|
|
$ |
384,001 |
|
|
$ |
879,868 |
|
|
$ |
735,275 |
|
|
|
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|
|
|
|
|
| |
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June 30, 2013 |
|
|
December 31, 2012 |
|
|
Property, plant and
equipment
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
342,291 |
|
|
$ |
345,202 |
|
|
Canada
|
|
|
1,133 |
|
|
|
1,252 |
|
|
Other international
(1)
|
|
|
15,629 |
|
|
|
15,992 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
359,053 |
|
|
$ |
362,446 |
|
|
|
|
|
|
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|
| (1) |
The Company has
subsidiaries in 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
and joint venture. |
|