Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v2.4.0.8
Segment and Geographic Reporting Information
6 Months Ended
Jun. 30, 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 June 30,      Six Months Ended June 30,  
     2014      2013      2014      2013  

Net sales:

           

Domestic wholesale

   $ 256,684       $ 189,648       $ 489,177       $ 382,209   

International wholesale

     151,051         98,094         330,134         239,860   

Retail

     171,881         133,434         300,759         244,633   

E-commerce

     7,435         7,071         13,499         13,166   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 587,051       $ 428,247       $ 1,133,569       $ 879,868   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2014      2013      2014      2013  

Gross profit:

           

Domestic wholesale

   $ 94,186       $ 69,016       $ 178,741       $ 135,833   

International wholesale

     64,792         41,343         141,081         100,142   

Retail

     106,817         81,384         183,578         145,620   

E-commerce

     3,580         3,151         6,378         6,031   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 269,375       $ 194,894       $ 509,778       $ 387,626   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     June 30, 2014      December 31, 2013  

Identifiable assets:

     

Domestic wholesale

   $ 952,267       $ 865,071   

International wholesale

     401,527         374,738   

Retail

     197,307         168,532   

E-commerce

     234         229   
  

 

 

    

 

 

 

Total

   $ 1,551,335       $ 1,408,570   
  

 

 

    

 

 

 

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2014      2013      2014      2013  

Additions to property, plant and equipment:

           

Domestic wholesale

   $ 2,950       $ 3,854       $ 4,956       $ 5,926   

International wholesale

     3,929         605         4,933         832   

Retail

     5,678         5,344         14,038         10,820   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 12,557       $ 9,803       $ 23,927       $ 17,578   
  

 

 

    

 

 

    

 

 

    

 

 

 

Geographic Information:

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

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2014      2013      2014      2013  

Net Sales (1):

           

United States

   $ 402,009       $ 310,741       $ 746,663       $ 605,283   

Canada

     18,433         14,749         40,118         31,662   

Other international (2)

     166,609         102,757         346,788         242,923   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 587,051       $ 428,247       $ 1,133,569       $ 879,868   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     June 30, 2014      December 31, 2013  

Property, plant and equipment, net:

     

United States

   $ 335,798       $ 337,727   

Canada

     5,336         5,079   

Other international (2)

     23,612         18,949   
  

 

 

    

 

 

 

Total

   $ 364,746       $ 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.