North Face 2001 Annual Report Download - page 67

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Restructuring costs (Note M ) included in segment profit above w ere incurred as follows:
In thousands 2001 2000
Consumer Apparel $ 84,436 $ 70,950
Occupational Apparel 23,913 34,646
Outdoor Apparel and Equipment 3,725 1,000
All Other 102,501 4,966
Corporate 22,247 8,346
Total $ 236,822 $ 119,908
Information by geographic area is presented below, with sales based on the location of the customer:
In thousands 2001 2000 1999
Net sales:
United States $4,549,368 $4,803,872 $4,605,624
Foreign, primarily Europe 969,437 944,007 945,992
Consolidated net sales $5,518,805 $5,747,879 $5,551,616
Long-lived assets, primarily
property, plant and equipment:
United States $ 422,291 $ 536,879 $ 586,679
Mexico 141,798 149,903 119,912
Other foreign, primarily Europe 91,414 90,044 98,642
Total long-lived assets $ 655,503 $ 776,826 $ 805,233
Worldwide sales by product category are as follows:
In thousands 2001 2000 1999
Jeanswear and related apparel $2,866,734 $2,985,975 $2,936,196
Intimate apparel 869,509 894,580 981,798
Occupational apparel 538,339 661,635 640,227
Knitwear 448,407 472,298 453,103
Other 795,816 733,391 540,292
Total $5,518,805 $5,747,879 $5,551,616
Sales to one domestic discount store group comprise 14.3% of consolidated sales in 2001, 13.9% in 2000 and
13.0% in 1999.
Note P Commitments
The Company leases certain facilities and equipment under noncancelable operating leases. Rental expense
was $65.0 million in 2001, $67.1 million in 2000 and $59.3 million in 1999. Future minimum lease payments are
$57.4 million, $46.7 million, $35.0 million, $28.1 million and $19.9 million for the years 2002 through 2006 and
$63.8 million thereafter.
The Company enters into licensing agreements that provide the Company rights to market products under
trademarks owned by other parties. Royalties under these agreements are recognized in cost of products sold
in the Consolidated Statements of Income. Certain of these agreements contain provisions for the payment
of minimum royalties on the Company’s anticipated sales of those products in future periods. Future minimum
royalty payments are $18.2 million, $21.2 million, $18.9 million, $12.7 million and $10.4 million for the years
2002 through 2006 and $10.5 million thereafter.
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