| 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 September 30,
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Nine months Ended September 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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|
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|
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Domestic wholesale
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$ |
226,527 |
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$ |
174,144 |
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$ |
608,736 |
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$ |
485,853 |
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International wholesale
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|
130,141 |
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122,989 |
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370,001 |
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329,083 |
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Retail
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|
152,100 |
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|
126,932 |
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396,733 |
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334,335 |
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E-commerce
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6,988 |
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|
5,364 |
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20,154 |
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15,433 |
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Total
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$ |
515,756 |
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$ |
429,429 |
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$ |
1,395,624 |
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$ |
1,164,704 |
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Three Months Ended September 30,
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Nine months Ended September 30,
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| |
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2013 |
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2012 |
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|
2013 |
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|
2012 |
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Gross margins
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Domestic wholesale
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$ |
83,447 |
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$ |
64,698 |
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$ |
219,280 |
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$ |
185,572 |
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International wholesale
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|
53,219 |
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|
47,086 |
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153,360 |
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|
128,077 |
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Retail
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90,791 |
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73,642 |
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|
236,412 |
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|
194,257 |
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E-commerce
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|
3,064 |
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|
2,398 |
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|
9,095 |
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6,956 |
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Total
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$ |
230,521 |
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$ |
187,824 |
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$ |
618,147 |
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$ |
514,862 |
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September 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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$ |
852,886 |
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$ |
820,253 |
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International wholesale
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352,409 |
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|
367,005 |
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Retail
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|
152,238 |
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|
152,795 |
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E-commerce
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|
290 |
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|
167 |
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Total
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$ |
1,357,823 |
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$ |
1,340,220 |
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Three Months Ended September 30,
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Nine months Ended September 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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Additions to property, plant and equipment
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Domestic wholesale
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$ |
2,531 |
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$ |
2,930 |
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$ |
8,456 |
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$ |
14,566 |
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International wholesale
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1,683 |
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|
403 |
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2,515 |
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2,358 |
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Retail
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7,751 |
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|
2,253 |
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18,571 |
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11,250 |
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Total
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$ |
11,965 |
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$ |
5,586 |
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$ |
29,542 |
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$ |
28,174 |
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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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| |
|
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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United States
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$ |
363,938 |
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$ |
288,697 |
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$ |
969,221 |
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$ |
788,797 |
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Canada
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|
20,226 |
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|
16,127 |
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|
51,888 |
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|
40,226 |
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Other international (1)
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|
131,592 |
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124,605 |
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|
374,515 |
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|
335,681 |
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Total
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$ |
515,756 |
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$ |
429,429 |
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$ |
1,395,624 |
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$ |
1,164,704 |
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September 30, 2013 |
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December 31, 2012 |
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Property, plant and equipment, net
|
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United States
|
|
$ |
340,597 |
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$ |
345,202 |
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Canada
|
|
|
4,321 |
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|
1,252 |
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Other international (1)
|
|
|
17,132 |
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|
15,992 |
|
|
|
|
|
|
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Total
|
|
$ |
362,050 |
|
|
$ |
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. |
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