Business Segment Information |
Note H — Business Segment Information
VF's businesses are grouped into product categories, and by brands within those product categories, for internal financial reporting used by management. These groupings of businesses within VF are referred to as "coalitions" and are the basis for VF's reportable business segments. Financial information for VF's reportable segments is as follows:
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Three Months |
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Nine Months |
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Ended September |
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Ended September |
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In thousands |
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2011 |
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2010 |
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2011 |
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2010 |
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Coalition revenues:
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Outdoor & Action Sports
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$ |
1,436,832 |
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$ |
1,045,111 |
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$ |
2,942,975 |
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$ |
2,308,120 |
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Jeanswear
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727,595 |
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671,023 |
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2,020,205 |
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1,849,104 |
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Imagewear
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277,564 |
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243,075 |
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768,446 |
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675,598 |
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Sportswear
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151,826 |
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129,011 |
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383,992 |
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340,262 |
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Contemporary Brands
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126,182 |
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113,303 |
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356,201 |
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323,475 |
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Other
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30,072 |
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30,844 |
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77,174 |
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79,791 |
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Total coalition revenues
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$ |
2,750,071 |
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$ |
2,232,367 |
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$ |
6,548,993 |
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$ |
5,576,350 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
320,876 |
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$ |
247,832 |
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$ |
554,253 |
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$ |
456,383 |
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Jeanswear
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109,691 |
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118,490 |
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327,182 |
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320,039 |
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Imagewear
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39,728 |
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32,719 |
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116,897 |
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81,551 |
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Sportswear
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18,294 |
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13,789 |
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37,382 |
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30,697 |
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Contemporary Brands
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8,076 |
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5,200 |
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28,449 |
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21,866 |
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Other
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7 |
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170 |
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(2,003 |
) |
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(1,065 |
) |
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Total coalition profit
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496,672 |
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418,200 |
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1,062,160 |
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909,471 |
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Corporate and other expenses
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(73,027 |
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(63,056 |
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(179,867 |
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(153,197 |
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Interest, net
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(19,300 |
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(19,947 |
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(48,726 |
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(59,950 |
) |
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Income before income taxes
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$ |
404,345 |
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$ |
335,197 |
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$ |
833,567 |
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$ |
696,324 |
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Timberland has been reported in the Outdoor & Action Sports Coalition.
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