XML 43 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Information
 12 Months Ended
Jan. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information

FASB ASC Topic 280, “Segment Reporting” (“ASC 280”), establishes standards for reporting information about a company’s operating segments. We have two reportable segments: a) retail stores and e-commerce; and b) international licensing. Our reportable segments were identified based on how our business is managed and evaluated. The reportable segments represent the Company’s activities for which discrete financial information is available and which is utilized on a regular basis by the Company’s chief operating decision maker (“CODM”), our Chief Executive Officer, to evaluate performance and allocate resources. The retail stores and e-commerce segment includes the aggregation of the Aéropostale U.S., Aéropostale Canada, P.S. from Aéropostale and GoJane operating segments. In identifying our reportable segments, the Company considers economic characteristics, as well as products, customers, sales growth potential and long-term profitability. The accounting policies of the Company’s reportable segments are consistent with those described in Note 1. All intercompany transactions are eliminated in consolidation. We do not rely on any customer as a major source of revenue.  

The following tables provide summary financial data for each of our segments (in thousands):

 
 
Fiscal
 
 
2015
 
2014
 
2013
Net sales:
 
 
 
 
 
 
Retail stores and e-commerce                                                                                               
 
$
1,473,964

 
$
1,803,997

 
$
2,069,430

International licensing                                                                                                     
 
32,903

 
34,666

 
21,472

Total net sales                                                                                                             
 
$
1,506,867

 
$
1,838,663

 
$
2,090,902




 
 
Fiscal
 
 
2015
 
2014
 
2013
(Loss) income from operations:
 
 
 
 
 
 
Retail stores and e-commerce 1                                                                                                    
 
$
(135,905
)
 
$
(144,580
)
 
$
(153,466
)
International licensing                                                                                                      
 
29,155

 
31,178

 
20,035

Other 2
 
(12,661
)
 
(99,736
)
 
(51,775
)
Total (loss) income from operations                                                                                             
 
$
(119,410
)
 
$
(213,138
)
 
$
(185,206
)

1 Such amounts include all corporate overhead and shared service function costs and we have not allocated a portion of these costs to international licensing in this presentation.

2 Other items include a restructuring benefit (see Note 4), reversal of contingent consideration (see Notes 5 and 6), net lease costs for closed stores, consulting fees, severance costs, the relinquishment of our CEO's stock options (see Note 13) and a retirement plan settlement adjustment for fiscal 2015. It includes restructuring charges (see Note 4), intangible asset impairment (see Notes 5 and 6), reversal of contingent consideration (see Notes 5 and 6), net lease costs for closed stores and consulting fees in fiscal 2014. It also includes store asset impairment charges in each fiscal year (see Note 5), litigation settlement charges in fiscal 2013 (see Note 16) and other income (charges) that are not included in the segment income (loss) from operations reviewed by the CODM.

Depreciation expense and capital expenditures have not been separately disclosed as the amounts primarily relate to the retail stores and e-commerce segment. Such amounts are not material for the international licensing segment.

 
 
January 30,
2016
 
January 31,
2015
Total assets:
 
 
 
 
Retail stores and e-commerce                                                                                               
 
$
345,429

 
$
496,220

International licensing                                                                                                     
 
8,954

 
15,969

Total assets                                                                                                          
 
$
354,383

 
$
512,189



The following tables present summarized geographical information (in thousands):
 
 
Fiscal
 
 
2015
 
2014
 
2013
Net sales:
 
 
 
 
 
 
     United States 1                                                                                                             
 
$
1,448,258

 
$
1,744,738

 
$
1,973,775

Canada                                                                                                             
 
58,609

 
93,925

 
117,127

Total net sales                                                                                                             
 
$
1,506,867

 
$
1,838,663

 
$
2,090,902


1 Amounts represent sales from U.S. and Puerto Rico retail stores, as well as e-commerce sales, that are billed to and/or shipped to foreign countries and international licensing revenue.
 
 
January 30,
2016
 
January 31,
2015
Long-lived assets, net:
 
 
 
 
United States
 
$
94,029

 
$
125,695

Canada
 
2,348

 
4,414

Total long-lived assets, net                                                                                                             
 
$
96,377

 
$
130,109


 
  


Our consolidated net sales mix by merchandise category for our retail stores and e-commerce segment was as follows:

 
 
Fiscal
Merchandise Categories
 
2015
 
2014
 
2013
Young Women’s                                                                                                                             
 
65
%
 
65
%
 
65
%
Young Men’s                                                                                                                             
 
35
%
 
35
%
 
35
%
Total Merchandise Sales                                                                                                                             
 
100
%
 
100
%
 
100
%