Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.20.1
DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Feb. 01, 2020
DISCONTINUED OPERATIONS  
Summary of information attributable to discontinued operations

February 2,

2019

ASSETS

Cash and cash equivalents

$

22,760

Accounts receivable, net

38,387

Inventories

106,340

Other current assets

3,889

Total current assets

171,376

Property and equipment, net

14,856

Other assets

10,215

Total assets

$

196,447

LIABILITIES

Accounts payable

$

24,204

Accrued expenses and other current liabilities

15,821

Total current liabilities

40,025

Other liabilities

5,477

Total liabilities

$

45,502

The following table provides details of the amounts reflected in (loss) earnings from discontinued operations, net of tax in the consolidated statements of (loss) earnings for fiscal 2019, 2018 and 2017 (in thousands):

Fiscal Year

    

2019

    

2018

    

2017

Net sales

$

117,444

$

235,391

$

251,325

Cost of sales

85,042

168,532

183,987

Selling, general and administrative expenses

30,049

56,491

54,018

Goodwill impairment charge

23,991

Interest expense, net

3

Loss on sale of corporate apparel business

83,513

Loss on release of cumulative foreign currency translation adjustment

26,885

(Loss) earnings from discontinued operations before taxes

(108,045)

(13,626)

13,320

Income tax (benefit) expense

(402)

1,730

3,634

(Loss) earnings from discontinued operations, net of tax

$

(107,643)

$

(15,356)

$

9,686

The cash flows related to discontinued operations have not been segregated, and are included in the consolidated statements of cash flows.  The following table provides selected information on cash flows related to discontinued operations for fiscal 2019, 2018 and 2017 (in thousands):

Fiscal Year

    

2019

    

2018

2017

Depreciation and amortization

$

3,102

$

6,501

$

6,197

Capital expenditures

2,691

3,744

3,663

Significant non-cash operating and investing items:

Goodwill impairment charge

23,991

Loss on divestiture of business

83,513

Loss on release of cumulative foreign currency translation adjustment

26,885

Receivable related to sale of corporate apparel business

$

6,048

$

$