Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.19.1
SEGMENT REPORTING (Tables)
12 Months Ended
Feb. 02, 2019
SEGMENT REPORTING  
Net sales by brand and reportable segment

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2018

    

2017

    

2016

 

Net sales:

 

 

    

 

 

    

 

 

    

 

Men's Wearhouse(1)

 

$

1,741,983

 

$

1,742,668

 

$

1,770,968

 

Jos. A. Bank

 

 

722,887

 

 

735,149

 

 

749,869

 

K&G

 

 

319,476

 

 

323,994

 

 

329,954

 

Moores

 

 

217,614

 

 

216,366

 

 

214,470

 

MW Cleaners(2)

 

 

2,551

 

 

34,844

 

 

33,140

 

Total retail segment

 

 

3,004,511

 

 

3,053,021

 

 

3,098,401

 

Total corporate apparel segment

 

 

235,391

 

 

251,325

 

 

280,302

 

Total net sales

 

$

3,239,902

 

$

3,304,346

 

$

3,378,703

 


(1)

Consists of Men’s Wearhouse, Men’s Wearhouse and Tux, tuxedo shops within Macy's (all 170 of which were closed during the second quarter of 2017) and Joseph Abboud.

(2)

On March 3, 2018, we completed the divestiture of our MW Cleaners business. See Note 3 for additional information.

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

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2018

    

2017

    

2016

 

Operating income (loss):

 

 

    

 

 

    

 

 

    

 

Retail

 

$

418,062

 

$

411,258

 

$

308,283

 

Corporate apparel

 

 

(16,025)

 

 

11,326

 

 

25,315

 

Shared service expense

 

 

(190,098)

 

 

(193,168)

 

 

(200,772)

 

Operating income

 

 

211,939

 

 

229,416

 

 

132,826

 

Interest income

 

 

563

 

 

564

 

 

167

 

Interest expense

 

 

(79,573)

 

 

(100,471)

 

 

(103,149)

 

(Loss) gain on extinguishment of debt, net

 

 

(30,253)

 

 

5,445

 

 

1,737

 

Earnings before income taxes

 

$

102,676

 

$

134,954

 

$

31,581

 

 

Capital expenditures by reportable segment and shared services

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

    

2018

    

2017

    

2016

 

Capital expenditures:

 

 

    

 

 

    

 

 

    

 

Retail

 

$

56,545

 

$

56,133

 

$

39,059

 

Corporate apparel

 

 

3,744

 

 

3,663

 

 

3,440

 

Shared services

 

 

21,997

 

 

35,162

 

 

57,195

 

Total capital expenditures

 

$

82,286

 

$

94,958

 

$

99,694

 

 

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

 

 

 

2018

    

2017

    

2016

 

Depreciation and amortization expense:

    

 

    

 

 

    

 

 

    

 

Retail

 

$

79,113

 

$

79,579

 

$

75,284

 

Corporate apparel

 

 

6,501

 

 

6,197

 

 

5,940

 

Shared services

 

 

18,602

 

 

20,717

 

 

33,981

 

Total depreciation and amortization expense

 

$

104,216

 

$

106,493

 

$

115,205

 

 

Total assets by reportable segment and shared services

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

 

 

 

 

 

 

 

 

 

 

February 2,

    

February 3,

 

 

 

2019

 

2018

 

Segment assets:

 

 

 

 

 

 

 

Retail

 

$

1,375,902

 

$

1,434,992

 

Corporate apparel

 

 

175,488

 

 

222,872

 

Shared services(1)

 

 

269,100

 

 

342,091

 

Total assets

 

$

1,820,490

 

$

1,999,955

 


(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

 

 

    

2018

    

2017

    

2016

 

Net sales:

 

 

    

 

 

    

 

 

    

 

U.S.

 

$

2,838,577

 

$

2,893,689

 

$

2,973,177

 

International (1)

 

 

401,325

 

 

410,657

 

 

405,526

 

Total net sales

 

$

3,239,902

 

$

3,304,346

 

$

3,378,703

 


(1)

Primarily in Canada and the UK.

 

 

 

 

 

 

 

 

 

    

February 2, 2019

    

February 3, 2018

 

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

 

 

 

 

 

 

 

U.S.

 

$

489,483

 

$

531,915

 

International (1)

 

 

49,459

 

 

52,489

 

Total long-lived assets

 

$

538,942

 

$

584,404

 


Primarily in Canada and the UK.