MOVADO GROUP, INC. 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) : Net Sales Operating Profit (Loss) 2001 2000 1999 2001 2000 1999 Wholesale $275,865 $256,081 $245,783 $38,238 $14,187 $34,631 Other 44,976 38,986 32,053 (1,735) 127 (1,597) Elimination  (1) — — — (2,371) 1,455 (359) Consolidated total $320,841 $295,067 $277,836 $34,132 $15,769 $32,675 Total Assets Capital Expenditures 2001 2000 1999 2001 2000 1999 Wholesale $238,278 $207,232 $261,395 $08,167 $07,917 $06,368 Other 29,068 25,802 29,354 2,191 1,520 5,226 Corporate  (2) 23,059 26,615 5,626 475 688 113 Consolidated total $290,405 $259,649 $296,375 $10,833 $10,125 $11,707 Depreciation and Amoritization 2001 2000 1999 Wholesale $4,460 $3,396 $4,515 Other 1,198 966 298 Corporate 683 827 567 Consolidated total $6,341 $5,189 $5,380 55