Segment Information The Companys reportable business segments and respective accounting policies of the segments are the same as those described in Note 1. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before corporate performance-based compensation costs, net gains (losses) from lease terminations, asset impairment charges, restructuring charges and certain non-recurring charges, if any. Corporate overhead, net gains (losses) from lease terminations, asset impairment charges, restructuring charges, interest income, interest expense and other income (expense) are evaluated on a consolidated basis and not allocated to the Companys business segments. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore total segment assets are not presented. During fiscal 2018, net revenue and related costs and expenses for certain globally serviced customers were reclassified into the segment primarily responsible for the relationship. During fiscal 2018, segment results were also adjusted to exclude corporate performance-based compensation costs, net gains (losses) on lease terminations and asset impairment charges due to the fact that these items are no longer included in the segment results provided to the Companys chief operating decision maker in order to allocate resources and assess performance. Accordingly, the segment results for fiscal 2017 were adjusted to conform to such presentation. The Company believes this segment reporting reflects how its business segments are managed and how each segments performance is evaluated by the Companys chief operating decision maker to assess performance and make resource allocation decisions. Segment information is summarized as follows (in thousands): Year Ended Year Ended Year Ended Feb 2, 2019 1 Feb 3, 2018 1 Jan 28, 2017 1 Net revenue: Americas Retail $ 824,674 $ 833,077 $ 935,479 Americas Wholesale 170,812 150,366 146,260 Europe 1,142,768 998,657 788,194 Asia 388,246 308,899 248,601 Licensing 2,3 83,194 72,755 71,919 Total net revenue 2,3 $ 2,609,694 $ 2,363,754 $ 2,190,453 Earnings (loss) from operations: Americas Retail 2,4 $ 27,532 $ (11,096 ) $ (13,752 ) Americas Wholesale 2,4 29,935 25,845 25,007 Europe 4,5 58,298 94,545 65,068 Asia 4 12,365 14,809 (1,392 ) Licensing 2,3,4 72,986 63,538 61,472 Total segment earnings from operations 201,116 187,641 136,403 Corporate overhead 2,4 (96,805 ) (100,434 ) (71,867 ) European Commission fine 6 (45,637 )   Asset impairment charges 7 (6,939 ) (8,479 ) (34,385 ) Net gains (losses) on lease terminations 8 477 (11,373 ) 695 Restructuring charges 9   (6,083 ) Total earnings from operations 5 $ 52,212 $ 67,355 $ 24,763 Capital expenditures: Americas Retail $ 19,614 $ 16,899 $ 25,881 Americas Wholesale 376 1,303 3,320 Europe 56,792 46,419 42,080 Asia 23,458 12,111 13,869 Licensing   20 Corporate overhead 7,877 7,923 5,411 Total capital expenditures $ 108,117 $ 84,655 $ 90,581 ______________________________________________________________________ 1 The Company operates on a 52 /53-week fiscal year calendar, which ends on the Saturday nearest to January 31 of each year. The results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended February 3, 2018. 2 During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of advertising contributions received from the Companys licensees and the related advertising expenditures incurred by the Company. The adoption of this guidance resulted in an increase in net royalty revenue within the Companys Licensing segment of $10.7 million , as well as an increase in SG&amp;A expenses in our Americas Retail, Americas Wholesale and Licensing segments as well as corporate overhead of $3.9 million , $1.7 million , $1.1 million and $3.0 million , respectively, during fiscal 2019 compared to the prior year. The net favorable impact on earnings from operations was approximately $1.0 million during fiscal 2019 compared to the prior year. Refer to Note 2 to the Condensed Consolidated Financial Statements for more information regarding the impact from the adoption of this new standard. 3 During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Companys inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 to conform. 4 During fiscal 2019, the Company changed the segment accountability for funds received from licensees on the Companys purchases of its licensed products. These amounts were treated as a reduction of cost of product sales within the Licensing segment but now are considered in the results of the segments that control the respective purchases for purposes of segment performance evaluation. Accordingly, segment results for fiscal 2018 and fiscal 2017 have been adjusted to conform to the current period presentation. 5 During fiscal 2019, the Company adopted new authoritative guidance which requires that the non-service components of net periodic defined benefit pension cost be presented outside of earnings (loss) from operations. Accordingly, earnings from operations and segment results for fiscal 2018 and fiscal 2017 have been adjusted to conform to the current period presentation. 6 During fiscal 2019, the Company recognized a charge of 39.8 million ( $45.6 million ) for a fine imposed by the European Commission related to alleged violations of European Union competition rules by the Company. The Company paid the full amount of the fine during the first quarter of fiscal 2020. 7 During each of the years presented, the Company recognized asset impairment charges for certain retail locations resulting from under-performance and expected store closures. Refer to Note 5 for more information regarding these asset impairment charges. 8 During fiscal 2019, the Company recorded net gain on lease terminations related primarily to the early termination of certain lease agreements in North America. During fiscal 2018, the Company incurred net losses on lease terminations related primarily to the modification of certain lease agreements held with a common landlord in North America. During fiscal 2017, the Company recorded net gains on lease terminations related primarily to the early termination of certain lease agreements in Europe. Refer to Note 1 for more information regarding the net gains (losses) on lease terminations. 9 Restructuring charges incurred during fiscal 2017 related to plans to better align the Companys global cost and organizational structure with its current strategic initiatives. Refer to Note 9 for more information regarding these restructuring charges. The table below presents information regarding geographic areas in which the Company operated. Net revenue is classified primarily based on the country where the Companys customer is located (in thousands): Year Ended Year Ended Year Ended Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Net product sales: U.S. $ 722,794 $ 709,155 $ 801,623 Italy 304,435 289,981 251,709 Canada 187,367 200,364 217,029 South Korea 162,943 163,382 156,094 Other foreign countries 1,148,961 928,117 692,079 Total product sales 2,526,500 2,290,999 2,118,534 Net royalties 1 83,194 72,755 71,919 Net revenue $ 2,609,694 $ 2,363,754 $ 2,190,453 ______________________________________________________________________ 1 During the fourth quarter of fiscal 2018, the Company reclassified net royalties received on the Companys inventory purchases of licensed product from net revenue to cost of product sales. Accordingly, net revenue by geographic area has been adjusted for fiscal 2017 to conform to the current period presentation. Long-lived assets by geographic location are as follows: Feb 2, 2019 Feb 3, 2018 Long-lived assets: U.S. $ 111,022 $ 109,943 Italy 30,038 34,884 Canada 13,225 18,845 South Korea 9,437 9,584 Other foreign countries 222,727 187,214 Total long-lived assets $ 386,449 $ 360,470