| 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 profit,
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,
|
|
| |
|
2015 |
|
|
2014 |
|
|
Net sales
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
321,328 |
|
|
$ |
232,492 |
|
|
International wholesale
|
|
|
285,571 |
|
|
|
179,083 |
|
|
Retail
|
|
|
154,557 |
|
|
|
128,878 |
|
|
E-commerce
|
|
|
6,541 |
|
|
|
6,065 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
767,997 |
|
|
$ |
546,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31,
|
|
| |
|
2015 |
|
|
2014 |
|
|
Gross profit
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
125,730 |
|
|
$ |
84,554 |
|
|
International wholesale
|
|
|
113,377 |
|
|
|
76,290 |
|
|
Retail
|
|
|
90,270 |
|
|
|
76,761 |
|
|
E-commerce
|
|
|
3,163 |
|
|
|
2,798 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
332,540 |
|
|
$ |
240,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
|
December 31, 2014 |
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
964,314 |
|
|
$ |
979,582 |
|
|
International wholesale
|
|
|
544,859 |
|
|
|
510,063 |
|
|
Retail
|
|
|
204,082 |
|
|
|
185,041 |
|
|
E-commerce
|
|
|
328 |
|
|
|
232 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,713,583 |
|
|
$ |
1,674,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31,
|
|
| |
|
2015 |
|
|
2014 |
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
Domestic wholesale
|
|
$ |
5,688 |
|
|
$ |
2,006 |
|
|
International wholesale
|
|
|
3,555 |
|
|
|
1,004 |
|
|
Retail
|
|
|
5,380 |
|
|
|
8,359 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
14,623 |
|
|
$ |
11,369 |
|
|
|
|
|
|
|
|
|
|
Geographic Information:
The following summarizes the Company’s operations in
different geographic areas for the period indicated (in
thousands):
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31,
|
|
| |
|
2015 |
|
|
2014 |
|
|
Net sales (1)
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
453,164 |
|
|
$ |
344,654 |
|
|
Canada
|
|
|
23,242 |
|
|
|
21,684 |
|
|
Other international (2)
|
|
|
291,591 |
|
|
|
180,180 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
767,997 |
|
|
$ |
546,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
March 31, 2015 |
|
|
December 31, 2014 |
|
|
Property, plant and equipment
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
332,512 |
|
|
$ |
332,383 |
|
|
Canada
|
|
|
7,256 |
|
|
|
7,203 |
|
|
Other international (2)
|
|
|
35,818 |
|
|
|
33,597 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
375,586 |
|
|
$ |
373,183 |
|
|
|
|
|
|
|
|
|
|
| (1) |
The Company has subsidiaries in
Canada, the United Kingdom, Germany, France, Spain, Portugal,
Italy, the Netherlands, Japan, Brazil, Hungary 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 includes
Switzerland, the United Kingdom, Germany, Austria, France, Spain,
Portugal, Italy, Belgium, the Netherlands, Brazil, Chile, China,
Hong Kong, Malaysia, Singapore, Thailand, Vietnam, India, Hungary
and Japan. |
|