C-26 APPENDIX C URBAN OUTFITTERS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) (in thousands, except share and per share data) The accounting policies of the operating segments are the same as the policies described in Note 2, "Summary of Significant Accounting Policies." Both the retail and wholesale segments are highly diversified. No customer comprises more A summary of the information about the Company's operations by segment is as follows: than 10% of sales. A s 2,340,794 $2,153,792 $1,833,733 109.269 Net sales Retail operations Wholesale operations Intersegment elimination 140,657 124,768 $2.473,80I $2.274,102$1,937,815 Total net sales Income from operations s 276,581 418,403 S 338,114 22,164 Retail operations Wholesale operations Intersegment elimination Total segment operating income Gieneral corporate expenses 26,919 23,372 709) 441.386 (27.183) 302,791 360,076 (18,066) 21,092 S 284,725 S 414.203 338,984 S 99,645 S 91,267 S 85,07 S 100,739 92.403 S 86,14 S 237,825 S 213,420 S 250,073 229.56 S 681,501 S 684,979 S 586,346 Total income from operations Depreciation expense for property and equipment Retail operations Wholesale operations 1,094 1.136 Total depreciation expense for property and equipment Inventories Retail operations Wholesale operations 16.141 Total inventories Property and equipment, net Retail operations Wholesale operations S 582,241 4,105 3.478 S 684,979 0 S 189,31 S 142,791 S 107.941 S 190,010 S 143.642 109,260 Total property and equipment, net Cash paid for property and equipment Retail operations Wholesale operations 1,319 Total cash paid for property and equipment The Company has foreign operations in Europe and Canada. Revenues and long-lived assets, based upon the Company's domestic and foreign operations, are as follows: al Y Net sales Foreign operations Property and equipment, net Foreign operations S2,169.976 $2,027,074 $1,752.787 $2.473.801 274,102 $1.917,SI- S 557,512 S 497,521 Total net sales nestic 127.46788,825 S 684,979 S 586,346 Total property and equipment, net