Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Reporting Information

v3.3.0.814
Segment and Geographic Reporting Information
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment and Geographic Reporting Information

(10)

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

300,114

 

 

$

268,449

 

 

$

960,089

 

 

$

757,626

 

International wholesale

 

 

319,551

 

 

 

209,041

 

 

 

846,994

 

 

 

539,175

 

Retail

 

 

229,864

 

 

 

190,178

 

 

 

597,088

 

 

 

490,936

 

E-commerce

 

 

6,650

 

 

 

6,602

 

 

 

20,469

 

 

 

20,102

 

Total

 

$

856,179

 

 

$

674,270

 

 

$

2,424,640

 

 

$

1,807,839

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

113,748

 

 

$

100,543

 

 

$

374,541

 

 

$

279,284

 

International wholesale

 

 

132,460

 

 

 

87,493

 

 

 

349,608

 

 

 

228,574

 

Retail

 

 

135,996

 

 

 

113,428

 

 

 

356,934

 

 

 

297,006

 

E-commerce

 

 

4,802

 

 

 

3,034

 

 

 

13,071

 

 

 

9,412

 

Total

 

$

387,006

 

 

$

304,498

 

 

$

1,094,154

 

 

$

814,276

 

 

 

 

September 30, 2015

 

 

December 31, 2014

 

Identifiable assets:

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

1,096,949

 

 

$

979,582

 

International wholesale

 

 

628,039

 

 

 

510,063

 

Retail

 

 

215,447

 

 

 

185,041

 

E-commerce

 

 

219

 

 

 

232

 

Total

 

$

1,940,654

 

 

$

1,674,918

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Additions to property, plant and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic wholesale

 

$

7,609

 

 

$

752

 

 

$

17,025

 

 

$

5,708

 

International wholesale

 

 

3,750

 

 

 

9,924

 

 

 

12,276

 

 

 

14,858

 

Retail

 

 

13,836

 

 

 

7,373

 

 

 

28,898

 

 

 

21,410

 

Total

 

$

25,195

 

 

$

18,049

 

 

$

58,199

 

 

$

41,976

 

 

Geographic Information:

The following summarizes the Company’s operations in different geographic areas for the period indicated (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net Sales (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

486,168

 

 

$

427,508

 

 

$

1,452,036

 

 

$

1,174,172

 

Canada

 

 

32,663

 

 

 

28,071

 

 

 

83,546

 

 

 

68,188

 

Other international (2)

 

 

337,348

 

 

 

218,691

 

 

 

889,058

 

 

 

565,479

 

Total

 

$

856,179

 

 

$

674,270

 

 

$

2,424,640

 

 

$

1,807,839

 

 

 

 

September 30, 2015

 

 

December 31, 2014

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

338,557

 

 

$

332,383

 

Canada

 

 

8,541

 

 

 

7,203

 

Other international (2)

 

 

41,744

 

 

 

33,597

 

Total

 

$

388,842

 

 

$

373,183

 

 

(1)

The Company has subsidiaries in Austria, Belgium, Brazil, Canada, Chile, France, Germany, Hungary, Italy, Japan, the Netherlands, Panama, 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, Macedonia, Montenegro, the Netherlands, Panama, Poland, Portugal, Serbia, Singapore, Spain, Switzerland, Thailand, Vietnam, and the United Kingdom.