| Financial Information for Reportable Segments |
Financial information for VF’s reportable segments is as
follows:
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Three Months Ended
June |
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Six Months Ended June
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| In thousands |
|
2016 |
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2015 |
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2016 |
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2015 |
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Coalition revenues:
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Outdoor & Action Sports
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$ |
1,419,528 |
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$ |
1,396,344 |
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$ |
3,063,923 |
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$ |
3,003,233 |
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Jeanswear
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|
629,180 |
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|
608,201 |
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1,339,770 |
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1,307,856 |
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Imagewear
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|
255,225 |
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|
248,788 |
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|
524,350 |
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531,684 |
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Sportswear
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114,875 |
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142,191 |
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233,272 |
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|
277,848 |
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Other
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26,451 |
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31,462 |
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|
48,888 |
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|
56,129 |
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Total coalition revenues
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$ |
2,445,259 |
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$ |
2,426,986 |
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$ |
5,210,203 |
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$ |
5,176,750 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
123,172 |
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$ |
134,925 |
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$ |
350,943 |
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$ |
395,745 |
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Jeanswear
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|
108,843 |
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|
104,568 |
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|
246,137 |
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|
236,500 |
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Imagewear
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36,397 |
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35,450 |
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77,912 |
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76,797 |
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Sportswear
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|
6,300 |
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|
14,433 |
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|
11,076 |
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27,274 |
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Other (a)
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(504 |
) |
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|
597 |
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(2,862 |
) |
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15,124 |
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Total coalition profit
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274,208 |
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|
289,973 |
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|
683,206 |
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|
751,440 |
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Corporate and other expenses (b)
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(61,283 |
) |
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(70,321 |
) |
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(136,736 |
) |
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(139,616 |
) |
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Interest expense, net (b)
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(21,421 |
) |
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(20,965 |
) |
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(41,468 |
) |
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(40,557 |
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Income from continuing operations before income taxes
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$ |
191,504 |
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$ |
198,687 |
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$ |
505,002 |
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$ |
571,267 |
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(a) |
Includes a $16.6 million gain
recognized on the sale of a VF Outlet® location in
the first quarter of 2015. |
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(b) |
Certain corporate overhead costs and
interest expense previously allocated to the Contemporary Brands
coalition for segment reporting purposes have been reallocated to
continuing operations as discussed in Note B. |
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