Mossimo designs and licenses apparel and related products. A substantial amount of the company's operations relate to an agreement with Target Corporation, which has the exclusive license for production and distribution of all Mossimo branded products sold in the United States. The company operates in one principal business segment throughout domestic and international markets. The international sales are primarily made through the company's licensees in their respective territories. The revenues from Target typically account for more than 80 percent of the company's total revenue. In January 2004, Mossimo acquired all the assets of Modern Amusement through a wholly owned subsidiary, Modern Amusement. Modern Amusement will design, merchandise, source, market, sell and distribute wholesale apparel and related accessories for young men and women. Modern Amusement is a registered brand that focuses on premium West Coast lifestyle apparel and related accessories. Mossimo is headquartered in Santa Monica, Calif.