Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.19.2
REPORTABLE SEGMENT INFORMATION
 3 Months Ended
Jun. 29, 2019
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION

The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. The Company's reportable segments have been identified as:
Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other includes results from transition services related to the sales of the Reef® and Nautica® brand businesses, as well as sales of non-VF products.
Financial information for VF's reportable segments was as follows:
 
 
Three Months Ended June
 
 
 
 
 
 
(In thousands)
 
2019
 
 
2018
Segment revenues:
 
 
 
 
 
Outdoor
 
$
610,620

 
 
$
568,600

Active
 
1,232,126

 
 
1,136,937

Work
 
422,471

 
 
423,293

Other
 
6,262

 
 
8,305

Total segment revenues
 
$
2,271,479

 
 
$
2,137,135

Segment profit (loss):
 
 
 
 
 
Outdoor
 
$
(80,270
)
 
 
$
(83,495
)
Active
 
307,566

 
 
269,197

Work
 
47,025

 
 
48,927

Other
 
(1,616
)
 
 
2,233

Total segment profit
 
272,705

 
 
236,862

Corporate and other expenses (a)
 
(133,815
)
 
 
(143,188
)
Interest expense, net
 
(14,998
)
 
 
(24,853
)
Income from continuing operations before income taxes
 
$
123,892

 
 
$
68,821

(a) 
Certain corporate overhead and other costs of $24.6 million for the three-month period ended June 2018, previously allocated to the former Jeans segment and Other category for segment reporting purposes, have been reallocated to continuing operations.