Related Party Transactions

6 Months Ended

Aug. 03, 2019

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

Schottenstein Affiliates

As of August 3, 2019, 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 15% of the Company's outstanding common shares, representing approximately 51% of the combined voting power. As of August 3, 2019, the Schottenstein Affiliates beneficially owned 3.4 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. See Note 15, Leases, for rent expense and future minimum lease payment requirements associated with the Schottenstein Affiliates.

Other Purchases and Services- During the three months ended August 3, 2019 and August 4, 2018, we had other purchases and services from Schottenstein Affiliates of $1.5 million and $1.7 million, respectively. During the six months ended August 3, 2019 and August 4, 2018, we had other purchases and services from Schottenstein Affiliates of $3.4 million and $3.3 million, respectively.

Due to Related Parties- As of August 3, 2019, February 2, 2019 and August 4, 2018, we had amounts due to related parties of $0.5 million, $1.0 million and $0.5 million, respectively, included in accounts payable on the condensed consolidated balance sheets.

ABG-Camuto

Beginning in the fourth quarter of fiscal 2018, we have a 40% interest in ABG-Camuto. ABG-Camuto entered into a licensing agreement with us whereby we pay royalties on the net sales of the brands owned by ABG-Camuto. During the three and six months ended August 3, 2019, we recorded $3.6 million and $9.3 million of royalty expense payable to ABG-Camuto, respectively. As of February 2, 2019, we had $2.4 million payable to ABG-Camuto, included in accrued expenses on the condensed consolidated balance sheets.