Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.19.3.a.u2
Revenue Recognition (Tables)
9 Months Ended
Nov. 02, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of disaggregation of revenue The following table depicts the disaggregation of revenue by major source (in thousands):

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

For the Three Months Ended

For the Nine Months Ended

    

November 2, 2019

    

November 3, 2018

    

November 2, 2019

    

November 3, 2018

 

Net sales:

    

    

    

    

Men's Wearhouse(1)

$

438,088

$

454,927

$

1,289,364

$

1,347,933

Jos. A. Bank

168,432

169,318

501,383

510,821

K&G

 

71,859

 

72,610

 

242,245

 

245,535

Moores

 

51,102

 

54,886

 

157,296

 

167,658

MW Cleaners(2)

 

 

 

 

2,551

Total net sales

$

729,481

$

751,741

$

2,190,288

$

2,274,498

(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 3 for additional information.
Schedule of opening and closing balance of contract liabilities

The following table summarizes the opening and closing balances of our contract liabilities (in thousands):

Balance at

Increase

Balance at

    

February 2, 2019

    

(Decrease)

    

November 2, 2019

Contract liabilities

$

121,796

$

(3,058)

$

118,738

Balance at

Increase

Balance at

    

February 3, 2018

    

(Decrease)

    

November 3, 2018

As Adjusted

Contract liabilities

$

139,809

$

1,139

$

140,948

Cumulative adjustment upon ASC 606 adoption  
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of cumulative effect of changes in adoption of ASU 606

The following table depicts the cumulative effect of the changes made to our February 3, 2018 balance sheet for the adoption of ASC 606 (in thousands):

Reported

Adjusted

Balance at

Impact of

Balance at

February 3,

Adoption of

February 3,

    

2018

    

ASC 606

    

2018

 

Assets:

Accounts receivable, net

$

36,288

$

(303)

$

35,985

Other current assets

 

77,228

 

2,753

 

79,981

Current assets - discontinued operations

182,862

(17,837)

165,025

Liabilities:

Accrued expenses and other current liabilities

246,946

52,673

299,619

Current liabilities - discontinued operations

62,188

(20,295)

41,893

Deferred taxes, net and other liabilities

160,163

(12,555)

147,608

Non-current liabilities - discontinued operations

4,028

614

4,642

Equity:

Accumulated deficit

$

(479,166)

$

(35,824)

$

(514,990)