Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.19.2
Segment Reporting (Tables)
6 Months Ended
Aug. 03, 2019
SEGMENT REPORTING  
Net sales by brand and reportable segment

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

For the Three Months Ended

For the Six Months Ended

    

August 3, 2019

    

August 4, 2018

    

August 3, 2019

    

August 4, 2018

 

Net sales:

    

    

    

    

Men's Wearhouse(1)

$

423,504

$

445,197

$

851,276

$

893,006

Jos. A. Bank

166,065

172,427

332,951

341,503

K&G

 

82,689

 

83,645

 

170,386

 

172,925

Moores

 

63,887

 

66,645

 

106,194

 

112,772

MW Cleaners(2)

 

 

 

 

2,551

Total retail segment

 

736,145

 

767,914

 

1,460,807

 

1,522,757

Total corporate apparel segment

 

53,343

 

55,516

 

110,068

 

118,637

Total net sales

$

789,488

$

823,430

$

1,570,875

$

1,641,394

(1) Consists of Men's Wearhouse, Men's Wearhouse and Tux and Joseph Abboud.
(2) On March 3, 2018, we completed the divestiture of our MW Cleaners business.  Please see Note 2 for additional information.
Operating income (loss) by reportable segment, shared service expense, and the reconciliation to earnings before income taxes

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

For the Three Months Ended

For the Six Months Ended

    

August 3, 2019

    

August 4, 2018

    

August 3, 2019

    

August 4, 2018

 

Operating income:

    

    

    

    

Retail

$

109,347

$

134,142

$

187,538

$

232,863

Corporate apparel

 

1,147

 

1,169

 

1,727

 

2,752

Shared service expense

(49,904)

(47,325)

(98,373)

(94,732)

Operating income

 

60,590

 

87,986

 

90,892

 

140,883

Interest income

 

157

 

122

 

253

 

207

Interest expense

 

(18,258)

 

(20,864)

 

(36,921)

 

(42,845)

Loss on extinguishment of debt, net

(8,122)

(20,833)

Earnings before income taxes

$

42,489

$

59,122

$

54,224

$

77,412

Total assets by reportable segment and shared services

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

    

August 3,

    

August 4,

February 2,

    

2019

    

2018

    

2019

 

Segment assets:

Retail

$

2,182,982

$

1,344,618

$

1,375,902

Corporate apparel

 

167,705

 

186,285

 

175,488

Shared services (1)

 

324,011

 

297,928

 

269,100

Total assets (2)

$

2,674,698

$

1,828,831

$

1,820,490

(1) Shared service assets consist primarily of cash and cash equivalents, assets related to our distribution network and tax-related assets.
(2) The increase in total assets, as of August 3, 2019, is related to the recognition of operating lease right-of-use assets resulting from the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information.