Basis of Presentation (Tables)

9 Months Ended

May 02, 2020

Accounting Policies [Abstract]

Summary of Discontinued Operations

The following table summarizes the results of Dressbarn reclassified as discontinued operations:

	Three Months Ended				Nine Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
	(millions, unaudited)
Net sales	$	—	$	177.3	$	326.6	$	532.0
Depreciation and amortization expense	—		(4.1)		(10.9)		(12.9)
Operating (loss) income	(0.8)		(18.8)		59.4		(34.9)
Pretax (loss) income from discontinued operations	(0.8)		(18.8)		59.4		(34.9)
Income tax provision	—		(7.0)		—		(4.5)
(Loss) income from discontinued operations, net of tax	$	(0.8)	$	(25.8)	$	59.4	$	(39.4)

The major components of Dressbarn assets and liabilities related to discontinued operations are summarized below:

	May 2, 2020		August 3, 2019
	(millions, unaudited)
Cash and cash equivalents	$	—	$	4.2
Inventories	—		57.0
Prepaid expenses and other current assets	6.1		37.0
Property and equipment, net	—		11.5
Total assets related to discontinued operations	$	6.1	$	109.7
Accounts payable and other current liabilities	$	35.8	$	94.7
Lease-related liabilities	—		29.6
Other liabilities	5.5		5.9
Total liabilities related to discontinued operations	$	41.3	$	130.2

The following table summarizes the results of maurices reclassified as discontinued operations:

	Three Months Ended				Nine Months Ended
	May 2, 2020		May 4, 2019		May 2, 2020		May 4, 2019
	(millions, unaudited)
Net sales	$	—	$	238.3	$	—	$	749.4
Depreciation and amortization expense	—		(6.6)		—		(21.1)
Operating income	—		32.0		—		97.8
Pretax income from discontinued operations	—		32.2		—		98.3
Income tax provision	—		(25.9)		—		(39.6)
Income from discontinued operations, net of tax	$	—	$	6.3	$	—	$	58.7

The major components of cash flows related to discontinued operations are summarized below:

	Nine Months Ended
	May 2, 2020		May 4, 2019
	(millions, unaudited)
Cash provided by operations of discontinued operations	$	57.0	$	38.0
Cash provided by (used by) investing activities of discontinued operations	4.9		(5.0)

Condensed Cash Flow Statement

Condensed Consolidated Statements of Cash Flows Reconciliation

A reconciliation of cash, cash equivalents and restricted cash in the condensed consolidated balance sheets to the amounts shown on the condensed consolidated statements of cash flows is shown below:

Reconciliation of cash, cash equivalents and restricted cash:	May 2, 2020		August 3, 2019		May 4, 2019		August 4, 2018
Cash and cash equivalents	$	438.7	$	323.8	$	97.9	$	230.2
Restricted cash included in other current assets	1.2		1.2		1.2		1.2
Cash included in discontinued operations	—		4.2		9.5		8.7
Total cash, cash equivalents and restricted cash	$	439.9	$	329.2	$	108.6	$	240.1