Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v2.4.0.8
Segment and Geographic Reporting Information
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
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, 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,  
     2014      2013  

Net sales

     

Domestic wholesale

   $ 232,492       $ 192,562   

International wholesale

     179,083         141,765   

Retail

     128,878         111,199   

E-commerce

     6,065         6,095   
  

 

 

    

 

 

 

Total

   $ 546,518       $ 451,621   
  

 

 

    

 

 

 

 

     Three Months Ended March 31,  
     2014      2013  

Gross profit

     

Domestic wholesale

   $ 84,554       $ 66,817   

International wholesale

     76,290         58,799   

Retail

     76,761         64,237   

E-commerce

     2,798         2,879   
  

 

 

    

 

 

 

Total

   $ 240,403       $ 192,732   
  

 

 

    

 

 

 

 

     March 31, 2014      December 31, 2013  

Identifiable assets

     

Domestic wholesale

   $ 827,880       $ 865,071   

International wholesale

     393,836         374,738   

Retail

     176,936         168,532   

E-commerce

     172         229   
  

 

 

    

 

 

 

Total

   $ 1,398,824       $ 1,408,570   
  

 

 

    

 

 

 

 

     Three Months Ended March 31,  
     2014      2013  

Additions to property, plant and equipment

     

Domestic wholesale

   $ 2,006       $ 2,072   

International wholesale

     1,004         227   

Retail

     8,359         5,475   
  

 

 

    

 

 

 

Total

   $ 11,369       $ 7,774   
  

 

 

    

 

 

 

 

Geographic Information:

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

 

     Three-Months Ended March 31,  
     2014      2013  

Net sales (1)

     

United States

   $ 344,654       $ 294,542   

Canada

     21,684         16,914   

Other international (2)

     180,180         140,165   
  

 

 

    

 

 

 

Total

   $ 546,518       $ 451,621   
  

 

 

    

 

 

 

 

     March 31, 2014      December 31, 2013  

Property, plant and equipment

     

United States

   $ 337,632       $ 337,727   

Canada

     5,000         5,079   

Other international (2)

     19,943         18,949   
  

 

 

    

 

 

 

Total

   $ 362,575       $ 361,755   
  

 

 

    

 

 

 

 

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