Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.2
Revenue Recognition (Tables)
3 Months Ended
May 02, 2020
Revenue Recognition  
Schedule of disaggregation of revenue

The following table depicts the disaggregation of revenue by major source (in thousands):

For the Three Months Ended

    

May 2, 2020

    

May 4, 2019

 

Net sales:

    

    

Men's tailored clothing product

$

139,925

$

342,955

Men's non-tailored clothing product

 

100,115

 

228,982

Women's clothing product

7,184

19,214

Other (1)

 

1,918

 

3,628

Total retail clothing product

 

249,142

 

594,779

Rental services

 

22,253

 

93,740

Alteration and other services

 

15,308

 

36,143

Total net sales

$

286,703

$

724,662

(1) Other consists of franchise and licensing revenues and gift card breakage.  Franchise revenues are generally recognized at a point in time while licensing revenues consist primarily of minimum guaranteed royalty amounts recognized over an elapsed time period.  As a result of the sale of the Joseph Abboud trademarks (see Note 2), licensing revenue will no longer be recognized.

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

For the Three Months Ended

    

May 2, 2020

    

May 4, 2019

 

Net sales:

    

    

Men's Wearhouse(1)

$

166,438

$

427,772

Jos. A. Bank

71,634

166,886

K&G

 

33,287

 

87,697

Moores

 

15,344

 

42,307

Total net sales

$

286,703

$

724,662

(1) Consists primarily of Men's Wearhouse, Men's Wearhouse and Tux.
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 1, 2020

    

(Decrease)

    

May 2, 2020

Contract liabilities

$

121,535

$

(8)

$

121,527

Balance at

Increase

Balance at

    

February 2, 2019

    

(Decrease)

    

May 4, 2019

Contract liabilities

$

121,796

$

40,771

$

162,567