Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.8.0.1
SEGMENT REPORTING (Tables)
12 Months Ended
Feb. 03, 2018
SEGMENT REPORTING  
Net sales by brand and reportable segment

Additional net sales information is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2017

    

2016

    

2015

 

Net sales:

 

 

    

 

 

    

 

 

    

 

MW(1)

 

$

1,742,668

 

$

1,770,968

 

$

1,791,249

 

Jos. A. Bank

 

 

735,149

 

 

749,869

 

 

866,882

 

K&G

 

 

323,994

 

 

329,954

 

 

338,359

 

Moores

 

 

216,366

 

 

214,470

 

 

222,574

 

MW Cleaners

 

 

34,844

 

 

33,140

 

 

33,410

 

Total retail segment

 

 

3,053,021

 

 

3,098,401

 

 

3,252,474

 

Total corporate apparel segment

 

 

251,325

 

 

280,302

 

 

243,797

 

Total net sales

 

$

3,304,346

 

$

3,378,703

 

$

3,496,271

 


MW includes Men’s Wearhouse and Men’s Wearhouse and Tux stores, tuxedo shops within Macy's and Joseph Abboud.

Supplemental products and services sales information

The following table sets forth supplemental products and services sales information for the Company (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2017

    

2016

    

2015

 

Net sales:

 

 

    

 

 

    

 

 

    

 

Men's tailored clothing product

 

$

1,351,881

 

$

1,343,875

 

$

1,436,742

 

Men's non-tailored clothing product

 

 

1,008,663

 

 

1,018,907

 

 

1,077,176

 

Women's clothing product

 

 

70,630

 

 

73,509

 

 

74,985

 

Other

 

 

8,643

 

 

9,631

 

 

11,031

 

Total retail clothing product

 

 

2,439,817

 

 

2,445,922

 

 

2,599,934

 

Rental services

 

 

428,355

 

 

457,444

 

 

443,290

 

Alteration services

 

 

150,005

 

 

161,895

 

 

175,840

 

Retail dry cleaning services

 

 

34,844

 

 

33,140

 

 

33,410

 

Total alteration and other services

 

 

184,849

 

 

195,035

 

 

209,250

 

Corporate apparel clothing product

 

 

251,325

 

 

280,302

 

 

243,797

 

Total net sales

 

$

3,304,346

 

$

3,378,703

 

$

3,496,271

 

 

Operating income (loss) by reportable segment, shared service expense, and the reconciliation to earnings before income taxes

Operating income (loss) by reportable segment, shared service expense, and the reconciliation to earnings (loss) before income taxes is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2017

    

2016

    

2015

 

Operating income (loss):

 

 

    

 

 

    

 

 

    

 

Retail

 

$

411,258

 

$

308,283

 

$

(919,793)

 

Corporate apparel

 

 

11,326

 

 

25,315

 

 

7,767

 

Shared service expense

 

 

(193,168)

 

 

(200,772)

 

 

(165,270)

 

Operating income (loss)

 

 

229,416

 

 

132,826

 

 

(1,077,296)

 

Interest income

 

 

564

 

 

167

 

 

187

 

Interest expense

 

 

(100,471)

 

 

(103,149)

 

 

(105,977)

 

Gain (loss) on extinguishment of debt, net

 

 

5,445

 

 

1,737

 

 

(12,675)

 

Earnings (loss) before income taxes

 

$

134,954

 

$

31,581

 

$

(1,195,761)

 

 

Capital expenditures by reportable segment and shared services

Capital expenditures by reportable segment and shared services are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2017

    

2016

    

2015

 

Capital expenditures:

 

 

    

 

 

    

 

 

    

 

Retail

 

$

56,133

 

$

39,059

 

$

65,683

 

Corporate apparel

 

 

3,663

 

 

3,440

 

 

4,079

 

Shared services

 

 

35,162

 

 

57,195

 

 

45,736

 

Total capital expenditures

 

$

94,958

 

$

99,694

 

$

115,498

 

 

Depreciation and amortization expense by reportable segment and shared services

Depreciation and amortization expense by reportable segment and shared services is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2017

    

2016

    

2015

 

Depreciation and amortization expense:

    

 

    

 

 

    

 

 

    

 

Retail

 

$

79,579

 

$

75,284

 

$

100,830

 

Corporate apparel

 

 

6,197

 

 

5,940

 

 

5,969

 

Shared services

 

 

20,717

 

 

33,981

 

 

25,530

 

Total depreciation and amortization expense

 

$

106,493

 

$

115,205

 

$

132,329

 

 

Total assets by reportable segment and shared services

Total assets by reportable segment and shared services are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

February 3,

    

January 28,

 

 

 

2018

 

2017

 

Segment assets:

 

 

 

 

 

 

 

Retail

 

$

1,434,992

 

$

1,594,221

 

Corporate apparel

 

 

222,872

 

 

199,727

 

Shared services(1)

 

 

342,091

 

 

303,924

 

Total assets

 

$

1,999,955

 

$

2,097,872

 


(1)

Shared service assets consist primarily of cash and cash equivalents, assets related to our distribution network and tax-related assets.

Net sales and long-lived assets by geographical areas

The tables below present information related to geographic areas in which we operate, with net sales classified based primarily on the geographic area where our customer is located (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2017

    

2016

    

2015

 

Net sales:

 

 

    

 

 

    

 

 

    

 

U.S.

 

$

2,893,689

 

$

2,973,177

 

$

3,068,501

 

International (1)

 

 

410,657

 

 

405,526

 

 

427,770

 

Total net sales

 

$

3,304,346

 

$

3,378,703

 

$

3,496,271

 


(1)

Primarily in Canada and the UK.

 

 

 

 

 

 

 

 

 

    

February 3, 2018

    

January 28, 2017

 

Long-lived assets, net (including rental product):

 

 

 

 

 

 

 

U.S.

 

$

531,915

 

$

582,995

 

International (1)

 

 

52,489

 

 

53,780

 

Total long-lived assets

 

$

584,404

 

$

636,775

 


Primarily in Canada and the UK.