Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v3.2.0.727
Segment and Geographic Reporting Information
6 Months Ended
Jun. 30, 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 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,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

338,646

 

 

$

256,684

 

 

$

659,975

 

 

$

489,177

 

International wholesale

 

 

241,872

 

 

 

151,051

 

 

 

527,443

 

 

 

330,134

 

Retail

 

 

212,667

 

 

 

171,881

 

 

 

367,224

 

 

 

300,759

 

E-commerce

 

 

7,279

 

 

 

7,435

 

 

 

13,819

 

 

 

13,499

 

Total

 

$

800,464

 

 

$

587,051

 

 

$

1,568,461

 

 

$

1,133,569

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

135,062

 

 

$

94,186

 

 

$

260,793

 

 

$

178,741

 

International wholesale

 

 

103,771

 

 

 

64,792

 

 

 

217,148

 

 

 

141,081

 

Retail

 

 

130,669

 

 

 

106,817

 

 

 

220,939

 

 

 

183,578

 

E-commerce

 

 

5,106

 

 

 

3,580

 

 

 

8,268

 

 

 

6,378

 

Total

 

$

374,608

 

 

$

269,375

 

 

$

707,148

 

 

$

509,778

 

 

 

 

June 30, 2015

 

 

December 31, 2014

 

Identifiable assets:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,096,705

 

 

$

979,582

 

International wholesale

 

 

616,080

 

 

 

510,063

 

Retail

 

 

199,497

 

 

 

185,041

 

E-commerce

 

 

243

 

 

 

232

 

Total

 

$

1,912,525

 

 

$

1,674,918

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Additions to property, plant and

equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

3,729

 

 

$

2,950

 

 

$

9,417

 

 

$

4,956

 

International wholesale

 

 

4,971

 

 

 

3,929

 

 

 

8,526

 

 

 

4,933

 

Retail

 

 

9,681

 

 

 

5,678

 

 

 

15,061

 

 

 

14,038

 

Total

 

$

18,381

 

 

$

12,557

 

 

$

33,004

 

 

$

23,927

 

 

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,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net Sales (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

512,705

 

 

$

402,009

 

 

$

965,869

 

 

$

746,663

 

Canada

 

 

27,641

 

 

 

18,433

 

 

 

50,883

 

 

 

40,118

 

Other international (2)

 

 

260,118

 

 

 

166,609

 

 

 

551,709

 

 

 

346,788

 

Total

 

$

800,464

 

 

$

587,051

 

 

$

1,568,461

 

 

$

1,133,569

 

 

 

 

June 30, 2015

 

 

December 31, 2014

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

336,849

 

 

$

332,383

 

Canada

 

 

7,547

 

 

 

7,203

 

Other international (2)

 

 

37,457

 

 

 

33,597

 

Total

 

$

381,853

 

 

$

373,183

 

 

(1)

The Company has subsidiaries in Austria, Belgium, Brazil, Canada, Chile, France, Germany, Italy, Japan, the Netherlands, Portugal, Spain, Switzerland, and the United Kingdom that generate net sales within those respective countries and in some cases the neighboring regions. The Company has joint ventures in China, Hong Kong, India, 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 includes Austria, Belgium, Brazil, Canada, Chile, China, France, Germany, Hong Kong, Hungary, India, Italy, Japan, Malaysia, the Netherlands, Poland, Portugal, Singapore, Spain, Switzerland, Thailand, Vietnam, and the United Kingdom.