NOTE 18  SEGMENT AND GEOGRAPHIC INFORMATION The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance. The Company conducts its business in two operating segments: Watch and Accessory Brands and Company Stores. The Companys Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment includes the Companys physical retail outlet locations. Chief Executive Officer of the Company is the chief operating decision maker (CODM) and regularly reviews operating results for each of the two operating segments to assess performance and make operating decisions about the allocation of the Companys resources. The Company divides its business into two major geographic locations: United States operations, and International, which includes the results of all non-U.S. Company operations. The allocation of geographic revenue is based upon the location of the customer. The Companys International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 33.4%, 9.0%, 7.9% and 6.6%, respectively, of the Companys total net sales for fiscal 2020. For fiscal 2019, the Companys International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 31.6%, 8.8%, 7.7% and 6.5%, respectively, of the Companys total net sales. For fiscal 2018, the Companys International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 32.1%, 9.2%, 7.7% and 5.1%, respectively, of the Companys total net sales. A vast majority of the Companys tangible International assets are owned by the Companys Swiss and Hong Kong subsidiaries. Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales 2020 2019 2018 Watch and Accessory Brands: Owned brands category $ 257,954 $ 263,904 $ 204,897 Licensed brands category 344,681 320,911 277,323 After-sales service and all other 9,763 11,061 9,862 Total Watch and Accessory Brands 612,398 595,876 492,082 Company Stores 88,568 83,691 75,871 Consolidated total $ 700,966 $ 679,567 $ 567,953 Operating Income (1) (2) (3) 2020 2019 2018 Watch and Accessory Brands $ 29,529 $ 45,194 $ 28,296 Company Stores 13,462 17,003 14,904 Consolidated total $ 42,991 $ 62,197 $ 43,200 Total Assets Capital Expenditures 2020 (7) 2019 2020 2019 2018 Watch and Accessory Brands $ 782,339 $ 735,244 $ 7,616 $ 6,508 $ 3,133 Company Stores 64,969 24,457 5,097 4,127 2,677 Consolidated total $ 847,308 $ 759,701 $ 12,713 $ 10,635 $ 5,810 Depreciation and Amortization 2020 2019 2018 Watch and Accessory Brands $ 14,013 $ 12,446 $ 11,765 Company Stores 2,368 1,719 1,692 Consolidated total $ 16,381 $ 14,165 $ 13,457 Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales (4) Operating (Loss) / Income (1) (2) (3) (5) (6) 2020 2019 2018 2020 2019 2018 United States $ 302,426 $ 308,420 $ 260,606 $ (22,719 ) $ (3,856 ) $ (629 ) International 398,540 371,147 307,347 65,710 66,053 43,829 Consolidated total $ 700,966 $ 679,567 $ 567,953 $ 42,991 $ 62,197 $ 43,200 Total Assets Property, Plant and Equipment, Net 2020 (8) 2019 2020 2019 United States $ 425,018 $ 328,014 $ 18,852 $ 17,030 International 422,290 431,687 10,386 9,037 Consolidated total $ 847,308 $ 759,701 $ 29,238 $ 26,067 (1) Fiscal 2020 operating loss in the United States locations of the Watch and Accessory Brands segment included a charge of $4.6 million related to the amortization of intangible assets, deferred compensation and certain accounting adjustments associated with the MVMT brand. In the United States locations of the Watch and Accessory Brands segment for fiscal 2019 operating loss included $14.4 million of expenses primarily related to transaction costs, the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments as a result of the Companys acquisition of the MVMT brand. (2) Fiscal 2020 and 2019 operating income in the International locations of the Watch and Accessory Brands segment included $2.8 million and $2.9 million, respectively, of expenses primarily related to the amortization of acquired intangible assets, as a result of the Companys acquisition of the Olivia Burton brand. Fiscal 2018 operating income in the International locations of the Watch and Accessory Brands segment included $6.8 million of expenses primarily related to transaction charges and the amortization of acquisition accounting adjustments associated with the purchase of the Olivia Burton brand. (3) Fiscal 2020 and 2019 United States and International locations of the Watch and Accessory Brands operating (loss)/income included income of $ 0.3 million for both periods due to a change in estimate related to the Companys fiscal 2018 cost savings initiatives. The United States and International locations of the Watch and Accessory Brands segment include a pre-tax charge of $ 3.9 million and $ 9.7 million, respectively, for fiscal 2018 as part of the Companys cost savings initiatives, the Company took actions to better align its global infrastructure with the current business environment by consolidating certain operations and streamlining functions to reduce costs and improve profitability. Also, in light of the changing retail landscape and the growing importance of digital marketing and online sales, the Company decided to cease its participation in the Basel world Watch and Jewelry Show. (4) The United States and International net sales are net of intercompany sales of $346.8 million, $319.5 million and $268.1 million for the fiscal years ended January 31, 2020, 2019 and 2018, respectively. (5) The United States operating income included $29.0 million, $43.5 million and $25.2 million of unallocated corporate expenses for the fiscal years ended January 31, 2020, 2019 and 2018, respectively. (6) The International operating income included $73.3 million, $53.8 million and $41.5 million of certain intercompany profits related to the Companys supply chain operations for the fiscal years ended January 31, 2020, 2019 and 2018, respectively. (7) Total assets at January 31, 2020 include $49.7 million and $39.8 million of operating lease right-of-use assets within Watch and Accessory Brands and Company Stores, respectively, recorded as a result of the Companys adoption of ASU 2016-02 on February 1, 2019 (see Note 10 - Leases). (8) Total assets at January 31, 2020 include $64.6 million and $24.9 million of operating lease right-of-use assets within United States and International locations, respectively, recorded as a result of the Companys adoption of ASU 2016-02 on February 1, 2019 (see Note 10 - Leases).