XML 282 R11.htm IDEA: XBRL DOCUMENT v3.20.1
Related Party Transactions
12 Months Ended
Feb. 01, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS

Schottenstein Affiliates

As of February 1, 2020, 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 16% of the Company's outstanding common shares, representing approximately 52% of the combined voting power. As of February 1, 2020, 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. See Note 15, Leases, for rent expense and future minimum lease payment requirements associated with the Schottenstein Affiliates.

Other Purchases and Services- During fiscal 2019, 2018 and 2017, we had other purchases and services from Schottenstein Affiliates of $6.0 million, $6.5 million and $4.6 million, respectively.

Due to Related Parties- As of February 1, 2020 and February 2, 2019, we had amounts due to related parties of $0.9 million and $1.0 million, respectively, included in accounts payable on the 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 fiscal 2019 and 2018, we recorded $18.2 million and $2.4 million of royalty expense payable to ABG-Camuto, respectively. As of February 1, 2020 and February 2, 2019, we had $0.3 million and $2.4 million payable to ABG-Camuto, respectively, included in accrued expenses on the consolidated balance sheets. See Note 16, Commitments and Contingencies - Contractual Obligations, for future guaranteed minimum royalty payment requirements to ABG-Camuto.