REPORTABLE SEGMENT INFORMATION (Tables)
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12 Months Ended |
Mar. 30, 2019 |
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| Segment Reporting [Abstract] |
Ìý
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| Financial Information for Reportable Segments |
Financial information for ±«ÓãÖ±²¥â€™s reportable segments is as follows:
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Ìý |
Ìý |
Year Ended March |
Ìý |
Ìý |
Three Months
Ended March
(Transition Period)
|
Ìý |
Year Ended December |
(In thousands) |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
2017 |
Ìý |
2016 |
Segment revenues: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Outdoor |
Ìý |
$ |
4,649,024 |
|
Ìý |
Ìý |
$ |
888,039 |
|
Ìý |
$ |
4,208,958 |
|
Ìý |
$ |
4,123,372 |
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Active |
Ìý |
4,721,792 |
|
Ìý |
Ìý |
1,071,598 |
|
Ìý |
3,791,737 |
|
Ìý |
3,318,428 |
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Work |
Ìý |
1,862,017 |
|
Ìý |
Ìý |
442,258 |
|
Ìý |
1,099,714 |
|
Ìý |
776,214 |
|
Jeans |
Ìý |
2,491,769 |
|
Ìý |
Ìý |
623,266 |
|
Ìý |
2,597,623 |
|
Ìý |
2,690,059 |
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Other |
Ìý |
124,058 |
|
Ìý |
Ìý |
20,285 |
|
Ìý |
113,145 |
|
Ìý |
118,074 |
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Total segment revenues |
Ìý |
$ |
13,848,660 |
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Ìý |
Ìý |
$ |
3,045,446 |
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Ìý |
$ |
11,811,177 |
|
Ìý |
$ |
11,026,147 |
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Segment profit: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Outdoor |
Ìý |
$ |
544,425 |
|
Ìý |
Ìý |
$ |
44,673 |
|
Ìý |
$ |
537,543 |
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Ìý |
$ |
594,485 |
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Active |
Ìý |
1,125,709 |
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Ìý |
Ìý |
237,620 |
|
Ìý |
805,843 |
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Ìý |
628,163 |
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Work |
Ìý |
220,670 |
|
Ìý |
Ìý |
40,024 |
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Ìý |
163,585 |
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Ìý |
137,301 |
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Jeans |
Ìý |
300,502 |
|
Ìý |
Ìý |
103,805 |
|
Ìý |
406,524 |
|
Ìý |
479,179 |
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Other |
Ìý |
457 |
|
Ìý |
Ìý |
(3,074 |
) |
Ìý |
(3,090 |
) |
Ìý |
(4,809 |
) |
Total segment profit |
Ìý |
2,191,763 |
|
Ìý |
Ìý |
423,048 |
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Ìý |
1,910,405 |
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Ìý |
1,834,319 |
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Impairment of goodwill and intangible assets (a)
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Ìý |
— |
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Ìý |
Ìý |
— |
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Ìý |
— |
|
Ìý |
(79,644 |
) |
Corporate and other expenses (b) (c)
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Ìý |
(578,934 |
) |
Ìý |
Ìý |
(107,750 |
) |
Ìý |
(408,030 |
) |
Ìý |
(384,413 |
) |
Interest expense, net |
Ìý |
(85,425 |
) |
Ìý |
Ìý |
(21,165 |
) |
Ìý |
(85,880 |
) |
Ìý |
(85,546 |
) |
Income from continuing operations before income taxes |
Ìý |
$ |
1,527,404 |
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Ìý |
Ìý |
$ |
294,133 |
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Ìý |
$ |
1,416,495 |
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Ìý |
$ |
1,284,716 |
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(a)Ìý |
Represents goodwill and intangible asset impairment charges in 2016 related to the Outdoor segment (lucy® brand discussed in Notes 8, 9 and 22). The impairment charges were excluded from the profit of the Outdoor segment since they are not part of the ongoing operations of the business.
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(b)Ìý |
Reflects a $50.9 million pension settlement charge in 2016 (Note 15).
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(c)Ìý |
Certain corporate overhead and other costs of, $16.6 million and $44.3 million during the years ended December 2017 and 2016, respectively, previously allocated to the former Sportswear, Imagewear, Outdoor & Action Sports and Contemporary Brands segments for segment reporting purposes, have been reallocated to continuing operations as discussed in Note 4.
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| Reconciliation Assets |
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Ìý |
Ìý |
March |
Ìý |
Ìý |
March |
Ìý |
December |
(In thousands) |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
2017 |
Segment assets: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Outdoor |
Ìý |
$ |
1,108,274 |
|
Ìý |
Ìý |
$ |
924,870 |
|
Ìý |
$ |
1,082,264 |
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Active |
Ìý |
981,033 |
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Ìý |
Ìý |
873,737 |
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Ìý |
686,991 |
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Work |
Ìý |
742,329 |
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Ìý |
Ìý |
669,641 |
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Ìý |
657,025 |
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Jeans |
Ìý |
720,620 |
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Ìý |
Ìý |
710,481 |
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Ìý |
629,648 |
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Other |
Ìý |
99,570 |
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Ìý |
Ìý |
91,299 |
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Ìý |
80,667 |
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Total segment assets |
Ìý |
3,651,826 |
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Ìý |
Ìý |
3,270,028 |
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Ìý |
3,136,595 |
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Cash and equivalents |
Ìý |
543,011 |
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Ìý |
Ìý |
680,762 |
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Ìý |
563,483 |
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Property, plant and equipment, net |
Ìý |
1,057,268 |
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Ìý |
Ìý |
1,011,617 |
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Ìý |
1,014,638 |
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Intangible assets and goodwill |
Ìý |
3,779,161 |
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Ìý |
Ìý |
3,813,329 |
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Ìý |
3,782,425 |
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Other assets |
Ìý |
1,325,519 |
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Ìý |
Ìý |
1,161,994 |
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Ìý |
1,080,661 |
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Assets of discontinued operations |
Ìý |
— |
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Ìý |
Ìý |
373,580 |
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Ìý |
380,700 |
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Consolidated assets |
Ìý |
$ |
10,356,785 |
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Ìý |
Ìý |
$ |
10,311,310 |
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Ìý |
$ |
9,958,502 |
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| Reconciliation of Capital Expenditures and Depreciation and Amortization Expense |
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Ìý |
Ìý |
March |
Ìý |
Ìý |
March |
Ìý |
December |
(In thousands) |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
2017 |
Segment assets: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Outdoor |
Ìý |
$ |
1,108,274 |
|
Ìý |
Ìý |
$ |
924,870 |
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Ìý |
$ |
1,082,264 |
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Active |
Ìý |
981,033 |
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Ìý |
Ìý |
873,737 |
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Ìý |
686,991 |
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Work |
Ìý |
742,329 |
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Ìý |
Ìý |
669,641 |
|
Ìý |
657,025 |
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Jeans |
Ìý |
720,620 |
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Ìý |
Ìý |
710,481 |
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Ìý |
629,648 |
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Other |
Ìý |
99,570 |
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Ìý |
Ìý |
91,299 |
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Ìý |
80,667 |
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Total segment assets |
Ìý |
3,651,826 |
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Ìý |
Ìý |
3,270,028 |
|
Ìý |
3,136,595 |
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Cash and equivalents |
Ìý |
543,011 |
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Ìý |
Ìý |
680,762 |
|
Ìý |
563,483 |
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Property, plant and equipment, net |
Ìý |
1,057,268 |
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Ìý |
Ìý |
1,011,617 |
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Ìý |
1,014,638 |
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Intangible assets and goodwill |
Ìý |
3,779,161 |
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Ìý |
Ìý |
3,813,329 |
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Ìý |
3,782,425 |
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Other assets |
Ìý |
1,325,519 |
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Ìý |
Ìý |
1,161,994 |
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Ìý |
1,080,661 |
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Assets of discontinued operations |
Ìý |
— |
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Ìý |
Ìý |
373,580 |
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Ìý |
380,700 |
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Consolidated assets |
Ìý |
$ |
10,356,785 |
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Ìý |
Ìý |
$ |
10,311,310 |
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Ìý |
$ |
9,958,502 |
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Ìý |
Ìý |
Year Ended March |
Ìý |
Ìý |
Three Months
Ended March
(Transition Period)
|
Ìý |
Year Ended December |
(In thousands) |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
2017 |
Ìý |
2016 |
Depreciation and amortization expense: (a)
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Outdoor |
Ìý |
$ |
82,259 |
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Ìý |
Ìý |
$ |
16,998 |
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Ìý |
$ |
86,838 |
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Ìý |
$ |
83,070 |
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Active |
Ìý |
73,395 |
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Ìý |
Ìý |
18,953 |
|
Ìý |
70,219 |
|
Ìý |
66,031 |
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Work |
Ìý |
34,446 |
|
Ìý |
Ìý |
10,149 |
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Ìý |
12,926 |
|
Ìý |
5,051 |
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Jeans |
Ìý |
38,505 |
|
Ìý |
Ìý |
8,710 |
|
Ìý |
35,586 |
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Ìý |
39,237 |
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Other |
Ìý |
2,542 |
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Ìý |
Ìý |
609 |
|
Ìý |
3,560 |
|
Ìý |
3,537 |
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Corporate |
Ìý |
69,858 |
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Ìý |
Ìý |
15,501 |
|
Ìý |
68,016 |
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Ìý |
57,290 |
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Ìý |
Ìý |
$ |
301,005 |
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Ìý |
Ìý |
$ |
70,920 |
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Ìý |
$ |
277,145 |
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Ìý |
$ |
254,216 |
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(a)Ìý |
Excludes $0.6 million, $14.0 million and $27.4 million of depreciation and amortization related to discontinued operations in the three months ended March 2018 and the years ended December 2017 and 2016, respectively. These amounts are included in depreciation and amortization in our Consolidated Statements of Cash Flows as we did not segregate cash flows related to discontinued operations (Note 4).
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| Supplemental Information (with Revenues by Geographic Area Based on Location of Customer) |
Supplemental information (with revenues by geographic area based on the origin of the shipment) is as follows:
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Ìý |
Ìý |
Year Ended March |
Ìý |
Ìý |
Three Months
Ended March
(Transition Period)
|
Ìý |
Year Ended December |
(In thousands) |
Ìý |
2019 |
Ìý |
Ìý |
2018 |
Ìý |
2017 |
Ìý |
2016 |
Total revenues: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
U.S. |
Ìý |
$ |
8,126,280 |
|
Ìý |
Ìý |
$ |
1,643,991 |
|
Ìý |
$ |
6,923,749 |
|
Ìý |
$ |
6,669,026 |
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Foreign, primarily Europe |
Ìý |
5,722,380 |
|
Ìý |
Ìý |
1,401,455 |
|
Ìý |
4,887,428 |
|
Ìý |
4,357,121 |
|
Ìý |
Ìý |
$ |
13,848,660 |
|
Ìý |
Ìý |
$ |
3,045,446 |
|
Ìý |
$ |
11,811,177 |
|
Ìý |
$ |
11,026,147 |
|
Property, plant and equipment: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
U.S. |
Ìý |
$ |
644,839 |
|
Ìý |
Ìý |
$ |
605,487 |
|
Ìý |
$ |
607,437 |
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Ìý |
Ìý |
Foreign, primarily Europe |
Ìý |
412,429 |
|
Ìý |
Ìý |
406,130 |
|
Ìý |
407,201 |
|
Ìý |
Ìý |
Ìý |
Ìý |
$ |
1,057,268 |
|
Ìý |
Ìý |
$ |
1,011,617 |
|
Ìý |
$ |
1,014,638 |
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Ìý |
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