| 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):
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Three Months Ended June 30,
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Six Months Ended June 30,
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2014 |
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2013 |
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2014 |
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2013 |
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Net sales:
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Domestic wholesale
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$ |
256,684 |
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$ |
189,648 |
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$ |
489,177 |
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$ |
382,209 |
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International wholesale
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151,051 |
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98,094 |
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330,134 |
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239,860 |
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Retail
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171,881 |
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133,434 |
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300,759 |
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244,633 |
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E-commerce
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7,435 |
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7,071 |
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13,499 |
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13,166 |
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Total
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$ |
587,051 |
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$ |
428,247 |
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$ |
1,133,569 |
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$ |
879,868 |
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Three Months Ended June 30,
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Six Months Ended June 30,
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2014 |
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2013 |
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2014 |
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2013 |
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Gross profit:
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Domestic wholesale
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$ |
94,186 |
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$ |
69,016 |
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$ |
178,741 |
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$ |
135,833 |
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International wholesale
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64,792 |
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41,343 |
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141,081 |
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100,142 |
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Retail
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106,817 |
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81,384 |
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183,578 |
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145,620 |
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E-commerce
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3,580 |
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3,151 |
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6,378 |
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6,031 |
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Total
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$ |
269,375 |
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$ |
194,894 |
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$ |
509,778 |
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$ |
387,626 |
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June 30, 2014 |
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December 31, 2013 |
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Identifiable assets:
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Domestic wholesale
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$ |
952,267 |
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$ |
865,071 |
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International wholesale
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401,527 |
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374,738 |
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Retail
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197,307 |
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168,532 |
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E-commerce
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234 |
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229 |
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Total
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$ |
1,551,335 |
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$ |
1,408,570 |
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Three Months Ended June 30,
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Six Months Ended June 30,
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2014 |
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2013 |
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2014 |
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2013 |
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Additions to property, plant and equipment:
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Domestic wholesale
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$ |
2,950 |
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$ |
3,854 |
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$ |
4,956 |
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$ |
5,926 |
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International wholesale
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3,929 |
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|
605 |
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4,933 |
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|
832 |
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Retail
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5,678 |
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5,344 |
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14,038 |
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10,820 |
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Total
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$ |
12,557 |
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$ |
9,803 |
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$ |
23,927 |
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$ |
17,578 |
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Geographic Information:
The following summarizes the Company’s operations in
different geographic areas for the period indicated (in
thousands):
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Three Months Ended June 30,
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Six Months Ended June 30,
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2014 |
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2013 |
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2014 |
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2013 |
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Net Sales (1):
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United States
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$ |
402,009 |
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$ |
310,741 |
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$ |
746,663 |
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$ |
605,283 |
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Canada
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18,433 |
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14,749 |
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40,118 |
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31,662 |
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Other international (2)
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166,609 |
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102,757 |
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346,788 |
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242,923 |
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Total
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$ |
587,051 |
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$ |
428,247 |
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$ |
1,133,569 |
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$ |
879,868 |
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June 30, 2014 |
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December 31, 2013 |
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Property, plant and equipment, net:
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United States
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$ |
335,798 |
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$ |
337,727 |
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Canada
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5,336 |
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5,079 |
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Other international (2)
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23,612 |
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18,949 |
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Total
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$ |
364,746 |
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$ |
361,755 |
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| (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. |
|