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## Note 12. Segment Information 

In fiscal 1999, the Company adopted SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information”, which requires reporting certain financial information according to the “management approach.” This approach requires reporting information regarding operating segments on the basis used internally by management to evaluate segment performance. SFAS 131 also requires disclosures about products and services, geographic areas and major customers. 

The Company divides its business into two major geographic segments: “Domestic”, which includes the result of the Company’s United States and Canadian operations, and “International”, which includes the results of all other Company operations. The Company’s international operations are principally conducted in Europe. The Company’s international assets are substantially located in Europe. 

The Company conducts its business primarily in two operating segments: “Wholesale” and “Other”. The Company’s wholesale segment includes the designing, manufacturing and distribution of quality watches. 

Other includes the Company’s retail and service center operations. The accounting policies of the segments are the same as those described in “Significant Accounting Policies”. The Company evaluates segment performance based on operating profit. 

Operating Segment Data as of and for the fiscal year ended January 31 (in thousands) : 

<img src='content_image/124899.jpg'>

<img src='content_image/124900.jpg'>

<img src='content_image/124901.jpg'>

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