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Related Party Transactions
9 Months Ended
Nov. 03, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS

Accounts receivable and accounts payable associated with related parties are separately presented on the consolidated balance sheets. Accounts receivable from and payables to related parties normally settle in the form of cash in 30 to 60 days.

Schottenstein Affiliates

As of November 3, 2018, the Schottenstein Affiliates, entities owned or controlled by Jay L. Schottenstein, the executive chairman of our Board of Directors, and members of his family, beneficially owned approximately 14% of the Company's outstanding common shares, representing approximately 49% of the combined voting power. As of November 3, 2018, the Schottenstein Affiliates beneficially owned 3.6 million Class A common shares and 7.7 million Class B common shares. We had the following related party transactions with Schottenstein Affiliates:

Leases- We lease our fulfillment center and certain store locations owned by Schottenstein Affiliates. During the three months ended November 3, 2018 and October 28, 2017, we recorded rent expense from leases with Schottenstein Affiliates of $2.3 million and $2.2 million, respectively. During the nine months ended November 3, 2018 and October 28, 2017, we recorded rent expense from leases with Schottenstein Affiliates of $6.9 million and $6.8 million, respectively.

Other Purchases and Services- During the three months ended November 3, 2018 and October 28, 2017, we had other purchases and services from Schottenstein Affiliates of $1.3 million and $0.3 million, respectively. During the nine months ended November 3, 2018 and October 28, 2017, we had other purchases and services from Schottenstein Affiliates of $4.5 million and $0.9 million, respectively.

TSL

Prior to our acquisition of the remaining interest in TSL on May 10, 2018, our ownership interest in TSL provided us a 50% voting control and board representation equal to the co-investor, and was treated as an equity investment. We had the following related party transactions with TSL during the period it was an equity investment:

Management Agreement- We had a management agreement with TSL under which we provided certain information technology and management services. During the three months ended October 28, 2017, we recognized income of $0.3 million. During the nine months ended November 3, 2018 and October 28, 2017, we recognized income of $0.3 million and $0.9 million, respectively.

License Agreement- We licensed the use of our tradename and trademark, DSW Designer Shoe Warehouse, to TSL for a royalty fee based on a percentage of net sales from its Canadian DSW stores, which are included in net sales. The license was exclusive and non-transferable for use in Canada. During the three months ended October 28, 2017, we recognized royalty income of $0.2 million. During the nine months ended November 3, 2018 and October 28, 2017, we recognized royalty income of $0.1 million and $0.5 million, respectively.

Other Purchases and Services- During the three months ended October 28, 2017, TSL had other purchases and services from us of $0.3 million. During the nine months ended November 3, 2018 and October 28, 2017, TSL had other purchases and services from us of $0.4 million and $1.9 million, respectively. During the nine months ended November 3, 2018, we purchased inventory from TSL for $1.3 million.