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Based upon 10-Q filings for the first quarter of fiscal year 2011, "True Religion Apparel Inc. and subsidiaries designs, markets, sells and distributes premium fashion apparel, centered on our core denim products using the brand name 'True Religion Brand Jeans...' We operate in four primary business segments: U.S. Consumer Direct, U.S. Wholesale, International and Core Services. We selectively license to third parties the right to use our various trademarks in connection with the manufacture and sale of designated products in specified geographical areas for specified periods. The licensing business is included in the Core Services segment. Our corporate operations, which include the design, production, marketing, distribution, credit, customer service, information technology, accounting, executive, legal, and human resources departments, are also included in the Core Services segment." "We reclassified certain prior period segment information beginning in the fourth quarter of 2010 to conform to the current year presentation. We reclassified our reportable segment formerly titled 'Other' to include the functions which support the overall business that were previously classified in the U.S. Wholesale segment as of March 31, 2010. The functions that were reclassified include the design, production, marketing, distribution, credit, customer service, information technology and accounting departments.1 In connection with this reclassification, we renamed the segment “Core Services”. As a result of this change, we have reclassified certain selling, general & administrative expenses (SG&A) previously presented in the U.S. Wholesale segment to Core Services in order to conform to the revised presentation. We made the change to our reportable segments to more closely align them with how management reviews and monitors the performance of our operating segments. Total consolidated SG&A expenses and total consolidated operating income were not changed as a result of these reclassifications. The reclassifications had no impact upon previously reported consolidated net sales and consolidated gross profit by reportable segment. Additionally, these reclassifications did not impact the condensed consolidated balance sheets, statements of income, or statements of cash flows." In "Item 2," under "Results of Operations" they have broken up these figures by segment. They have provided separate segment metrics for net sales, gross profit, SG&A and operating income.

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