Coach 2006 Annual Report Download - page 47
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general marketing, administration and information systems, as well as distribution and consumer service expenses.
During the third quarter of fiscal 2007, the Company exited its corporate accounts business. The results of the corporate accounts
business, previously included in the Indirect segment, have been segregated from continuing operations and reported as discontinued
operations in the Consolidated Statements of Income for all periods presented.
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Net sales $ 2,101,740 $ 510,716 $ — $ 2,612,456
Operating income (loss) 953,981 316,327 (276,911) 993,397
Income (loss) before provision for income taxes, minority
interest and discontinued operations
953,981 316,327 (235,638) 1,034,670
Depreciation and amortization expense 55,634 7,199 18,054 80,887
Total assets 913,909 114,423 1,421,180 2,449,512
Additions to long-lived assets 95,217 13,374 43,755 152,346
Net sales $1,610,691 $ 424,394 $ — $ 2,035,085
Operating income (loss) 717,326 261,571 (264,190) 714,707
Income (loss) before provision for income taxes, minority
interest and discontinued operations
717,326 261,571 (231,567) 747,330
Depreciation and amortization expense 43,177 5,506 16,432 65,115
Total assets 743,034 91,247 792,239 1,626,520
Additions to long-lived assets 87,576 8,747 59,902 156,225
Net sales $ 1,307,425 $ 344,279 $ — $ 1,651,704
Operating income (loss) 548,520 204,642 (217,502) 535,660
Income (loss) before provision for income taxes, minority
interest and discontinued operations
548,520 204,642 (201,742) 551,420
Depreciation and amortization expense 37,275 4,362 8,763 50,400
Total assets 646,788 69,569 653,800 1,370,157
Additions to long-lived assets 70,801 4,778 19,013 94,592
The following is a summary of the common costs not allocated in the determination of segment performance:
Production variances $ 21,203 $ 14,659 $ 11,028
Advertising, marketing and design (108,760) (91,443) (70,234)
Administration and information systems (138,552) (147,491) (124,357)
Distribution and customer service (50,802) (39,915) (33,939)
Total corporate unallocated $ (276,911) $ (264,190) $ (217,502)
As of June 30, 2007, Coach operated 254 retail stores and 93 factory stores in the United States, five retail stores in Canada and 137
department store shop-in-shops, retail stores and factory stores in Japan. Coach also operates distribution, product development and quality
control locations in the United States, Italy, Hong Kong, China and South Korea. Geographic revenue information is based on the location
of our customer. Geographic long-lived asset information is based on the physical location of the assets at the end of each period.
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