Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v2.4.1.9
Segment and Geographic Reporting Information
3 Months Ended
Mar. 31, 2015
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 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.