| SEGMENT AND GEOGRAPHIC REPORTING INFORMATION |
(10) SEGMENT AND GEOGRAPHIC REPORTING INFORMATION
We have 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 and identifiable assets and additions to property and equipment for the domestic wholesale segment, international wholesale, retail, and the e-commerce segment on a combined basis were as follows (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Net sales:
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Domestic wholesale
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$ |
162,516 |
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$ |
312,319 |
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$ |
591,292 |
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$ |
904,066 |
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International wholesale
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133,792 |
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124,623 |
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408,205 |
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325,751 |
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Retail
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111,484 |
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111,825 |
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307,847 |
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301,410 |
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E-commerce
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4,391 |
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5,859 |
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15,424 |
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21,022 |
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Total
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$ |
412,183 |
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$ |
554,626 |
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$ |
1,322,768 |
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$ |
1,552,249 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Gross margins
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Domestic wholesale
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$ |
56,969 |
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$ |
129,496 |
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$ |
160,823 |
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$ |
387,478 |
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International wholesale
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54,045 |
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52,070 |
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166,689 |
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138,073 |
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Retail
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62,079 |
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68,043 |
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175,939 |
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191,156 |
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E-commerce
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2,102 |
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3,042 |
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7,684 |
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11,007 |
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Total
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$ |
175,195 |
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$ |
252,651 |
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$ |
511,135 |
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$ |
727,714 |
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September 30, 2011 |
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December 31, 2010 |
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Identifiable assets:
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Domestic wholesale
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$ |
813,248 |
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$ |
891,671 |
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International wholesale
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303,064 |
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300,153 |
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Retail
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131,747 |
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112,774 |
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E-commerce
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246 |
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196 |
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Total
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$ |
1,248,305 |
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$ |
1,304,794 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Additions to property and equipment:
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Domestic wholesale
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$ |
12,175 |
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$ |
30,443 |
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$ |
90,959 |
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$ |
47,185 |
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International wholesale
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1,006 |
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521 |
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2,830 |
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3,113 |
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Retail
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8,237 |
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4,932 |
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20,510 |
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15,319 |
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Total
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$ |
21,418 |
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$ |
35,896 |
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$ |
114,299 |
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$ |
65,617 |
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Geographic Information:
The following summarizes our operations in different geographic areas for the period indicated (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Net sales: (1)
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United States
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$ |
263,383 |
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$ |
416,577 |
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$ |
870,780 |
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$ |
1,193,410 |
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Canada
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13,643 |
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17,472 |
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41,161 |
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45,347 |
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Other international (2)
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135,157 |
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120,577 |
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410,827 |
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313,492 |
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Total
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$ |
412,183 |
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$ |
554,626 |
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$ |
1,322,768 |
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$ |
1,552,249 |
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September 30, 2011 |
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December 31, 2010 |
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Long-lived assets:
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United States
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$ |
364,582 |
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$ |
276,457 |
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Canada
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1,275 |
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1,590 |
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Other international (2)
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16,561 |
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15,755 |
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Total
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$ |
382,418 |
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$ |
293,802 |
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| (1) |
The Company has subsidiaries in Canada, United Kingdom, Germany, France, Spain, Portugal, Italy, Netherlands, Brazil, 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, 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 our distributors located in numerous non-European countries. Net sales are attributable to geographic regions based on the location of the Company subsidiary.
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| (2) |
Other international consists of Switzerland, United Kingdom, Germany, Austria, France, Spain, Portugal, Italy, Netherlands, China, Hong Kong, Malaysia, Singapore,
Thailand, Brazil, Chile, Vietnam, and Japan. |
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