| Segment Information |
The Company has four reportable segments –
domestic wholesale sales, international wholesale sales, retail
sales, and e-commerce sales. The Company evaluates segment
performance based primarily on net sales and gross margins. 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 and identifiable
assets for the domestic wholesale, international wholesale, retail,
and the e-commerce segment on a combined basis were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
997,994 |
|
|
$ |
802,163 |
|
|
$ |
652,651 |
|
|
International wholesale
|
|
|
689,195 |
|
|
|
478,799 |
|
|
|
432,163 |
|
|
Retail
|
|
|
663,528 |
|
|
|
538,186 |
|
|
|
453,600 |
|
|
E-commerce
|
|
|
26,844 |
|
|
|
27,213 |
|
|
|
21,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,377,561 |
|
|
$ |
1,846,361 |
|
|
$ |
1,560,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
|
|
|
Gross profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
367,980 |
|
|
$ |
288,818 |
|
|
$ |
242,931 |
|
|
International wholesale
|
|
|
292,722 |
|
|
|
198,853 |
|
|
|
166,454 |
|
|
Retail
|
|
|
398,613 |
|
|
|
319,036 |
|
|
|
264,010 |
|
|
E-commerce
|
|
|
12,590 |
|
|
|
12,085 |
|
|
|
9,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,071,905 |
|
|
$ |
818,792 |
|
|
$ |
683,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
979,582 |
|
|
$ |
865,071 |
|
|
International wholesale
|
|
|
510,063 |
|
|
|
374,738 |
|
|
Retail
|
|
|
185,041 |
|
|
|
168,532 |
|
|
E-commerce
|
|
|
232 |
|
|
|
229 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,674,918 |
|
|
$ |
1,408,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
9,655 |
|
|
$ |
9,652 |
|
|
$ |
33,488 |
|
|
International wholesale
|
|
|
18,899 |
|
|
|
4,828 |
|
|
|
2,939 |
|
|
Retail
|
|
|
28,351 |
|
|
|
26,814 |
|
|
|
16,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
56,905 |
|
|
$ |
41,294 |
|
|
$ |
52,452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Geographic Information
The following summarizes the Company’s
operations in different geographic areas as of and for the years
ended December 31:
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|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
Net Sales (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
1,558,226 |
|
|
$ |
1,288,302 |
|
|
$ |
1,064,298 |
|
|
Canada
|
|
|
85,139 |
|
|
|
63,665 |
|
|
|
49,460 |
|
|
Other international (2)
|
|
|
734,196 |
|
|
|
494,394 |
|
|
|
446,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
2,377,561 |
|
|
$ |
1,846,361 |
|
|
$ |
1,560,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
Property, plant and equipment
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
332,383 |
|
|
$ |
337,727 |
|
|
Canada
|
|
|
7,203 |
|
|
|
5,079 |
|
|
Other international (2)
|
|
|
33,597 |
|
|
|
18,949 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
373,183 |
|
|
$ |
361,755 |
|
|
|
|
|
|
|
|
|
|
| (1) |
The Company has subsidiaries in Canada, the 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 India, 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
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, the United
Kingdom, Germany, Austria, France, Spain, Portugal, Italy, the
Netherlands, China, Hong Kong, Malaysia, Singapore, Thailand,
Brazil, Chile, Vietnam, India and Japan.
|
|