Segment Reporting

12 Months Ended

Feb. 01, 2020

Our three reportable segments, which are also operating segments, are the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. We have determined that the Chief Operating Decision Maker ("CODM") is our Chief Executive Officer and we have identified such segments based on internal management reporting and responsibilities. The performance of each segment is based primarily on net sales and gross profit. As a result, we do not allocate operating expenses to the segments. We changed our presentation of net sales and gross profit for all periods presented to include commission income. Total assets by segment are not presented in the table below as the CODM does not evaluate, manage or measure performance of segments using total assets.

The following provides certain financial data by segment reconciled to the consolidated financial statements:



(in thousands)	U.S. Retail		Canada Retail		Brand Portfolio		Other		Corporate / Eliminations			Total
Fiscal 2019
Net sales:
External customer sales	$	2,745,395	$	249,017	$	376,185	$	122,090	$	—		$	3,492,687
Intersegment sales	—		—		72,100		—		(72,100		)	—
Total net sales	$	2,745,395	$	249,017	$	448,285	$	122,090	$	(72,100	)	$	3,492,687
Gross profit	$	786,976	$	79,850	$	114,170	$	26,065	$	(7,391	)	$	999,670
Income from Equity investment in ABG-Camuto	$	—	$	—	$	10,149	$	—	$	—		$	10,149
Cash paid for property and equipment	$	36,302	$	7,600	$	3,574	$	178	$	30,166		$	77,820
Depreciation and amortization	$	47,282	$	9,583	$	5,644	$	372	$	23,768		$	86,649
Fiscal 2018
Net sales:
External customer sales	$	2,738,989	$	220,325	$	89,636	$	128,968	$	—		$	3,177,918
Intersegment sales	—		—		10,176		—		(10,176		)	—
Total net sales	$	2,738,989	$	220,325	$	99,812	$	128,968	$	(10,176	)	$	3,177,918
Gross profit	$	840,174	$	55,937	$	18,920	$	25,252	$	(1,594	)	$	938,689
Income from Equity investment in ABG-Camuto	$	—	$	—	$	1,298	$	—	$	—		$	1,298
Cash paid for property and equipment	$	32,544	$	6,396	$	447	$	147	$	25,821		$	65,355
Depreciation and amortization	$	49,552	$	6,951	$	1,971	$	604	$	19,970		$	79,048
Fiscal 2017
Total net sales	$	2,577,711	$	—	$	—	$	227,844	$	—		$	2,805,555
Gross profit	$	783,399	$	—	$	—	$	15,733	$	—		$	799,132
Cash paid for property and equipment	$	28,608	$	—	$	—	$	3,483	$	24,191		$	56,282
Depreciation and amortization	$	54,917	$	—	$	—	$	4,524	$	21,420		$	80,861

The U.S. Retail and Brand Portfolio segments and Other net sales recognized are primarily based on sales to customers in the U.S., and Canada Retail segment net sales recognized are based on sales to customers in Canada. Net sales realized from geographic markets outside of the U.S. and Canada have collectively been immaterial.

As of February 1, 2020 and February 2, 2019, long-lived assets, consisting of property and equipment and operating lease assets, included $1.2 billion and $374.1 million, respectively, in the U.S. and $114.5 million and $35.2 million, respectively, in Canada with only an immaterial amount in other countries. No single customer accounts for ten percent or more of consolidated total net sales. However, the Brand Portfolio segment has four customers that make up approximately 60% of its total net sales, excluding intersegment net sales, and the loss of any or all of these customers could have a material adverse effect on the Brand Portfolio segment.