Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v2.3.0.15
Segment and Geographic Reporting Information
9 Months Ended
Sep. 30, 2011
Segment and Geographic Reporting Information [Abstract]  
SEGMENT AND GEOGRAPHIC REPORTING INFORMATION

(10) 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 profit and identifiable assets and additions to property and equipment for the domestic wholesale segment, international wholesale, retail, and the e-commerce segment on a combined basis were as follows (in thousands):

 

                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2011     2010     2011     2010  

Net sales:

                               

Domestic wholesale

  $ 162,516     $ 312,319     $ 591,292     $ 904,066  

International wholesale

    133,792       124,623       408,205       325,751  

Retail

    111,484       111,825       307,847       301,410  

E-commerce

    4,391       5,859       15,424       21,022  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 412,183     $ 554,626     $ 1,322,768     $ 1,552,249  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2011     2010     2011     2010  

Gross margins

                               

Domestic wholesale

  $ 56,969     $ 129,496     $ 160,823     $ 387,478  

International wholesale

    54,045       52,070       166,689       138,073  

Retail

    62,079       68,043       175,939       191,156  

E-commerce

    2,102       3,042       7,684       11,007  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 175,195     $ 252,651     $ 511,135     $ 727,714  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                 
    September 30, 2011     December 31, 2010  

Identifiable assets:

               

Domestic wholesale

  $ 813,248     $ 891,671  

International wholesale

    303,064       300,153  

Retail

    131,747       112,774  

E-commerce

    246       196  
   

 

 

   

 

 

 

Total

  $ 1,248,305     $ 1,304,794  
   

 

 

   

 

 

 

 

                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2011     2010     2011     2010  

Additions to property and equipment:

                               

Domestic wholesale

  $ 12,175     $ 30,443     $ 90,959     $ 47,185  

International wholesale

    1,006       521       2,830       3,113  

Retail

    8,237       4,932       20,510       15,319  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 21,418     $ 35,896     $ 114,299     $ 65,617  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

Geographic Information:

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

 

                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2011     2010     2011     2010  

Net sales: (1)

                               

United States

  $ 263,383     $ 416,577     $ 870,780     $ 1,193,410  

Canada

    13,643       17,472       41,161       45,347  

Other international (2)

    135,157       120,577       410,827       313,492  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 412,183     $ 554,626     $ 1,322,768     $ 1,552,249  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                 
    September 30, 2011     December 31, 2010  

Long-lived assets:

               

United States

  $ 364,582     $ 276,457  

Canada

    1,275       1,590  

Other international (2)

    16,561       15,755  
   

 

 

   

 

 

 

Total

  $ 382,418     $ 293,802  
   

 

 

   

 

 

 

 

(1) The Company has subsidiaries in Canada, United Kingdom, Germany, France, Spain, Portugal, Italy, Netherlands, 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, 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.