Segment Reporting (Tables)

3 Months Ended

Apr. 29, 2023

Segment Reporting

Schedule of Segment Operating Income and Income Before Income Taxes and Equity Method Investments

	THREE MONTHS ENDED
	APRIL 29,		APRIL 30,
	2023		2022
	(in thousands)
Operating income:
RH Segment	$	103,721	$	228,545
Waterworks		6,671		7,985
Total segment operating income		110,392		236,530
Reorganization related costs		(7,621)		—
Non-cash compensation		(3,531)		(5,858)
Employer payroll taxes on option exercise		—		(11,717)
Professional fee		—		(7,184)
Asset impairments		—		(5,923)
Recall accrual		—		(560)
Income from operations		99,240		205,288
Interest expense—net		39,816		20,855
Loss on extinguishment of debt		—		146,116
Other income—net		(653)		(343)
Income before income taxes and equity method investments	$	60,077	$	38,660

Summary of Statements of Income Metrics Reviewed by CODM to Evaluate Performance Internally or As required under ASC 280 - Segment Reporting

	THREE MONTHS ENDED
	APRIL 29,						APRIL 30,
	2023						2022
	RH SEGMENT		WATERWORKS		TOTAL		RH SEGMENT		WATERWORKS		TOTAL
	(in thousands)
Net revenues	$	690,516	$	48,646	$	739,162	$	908,948	$	48,344	$	957,292
Gross profit		321,584		25,961		347,545		472,822		25,761		498,583
Depreciation and amortization		26,425		1,345		27,770		23,524		1,234		24,758

Summary of Balance Sheet Metrics as Required Under ASC 280 - Segment Reporting

	APRIL 29,								JANUARY 28,
	2023								2023
	RH SEGMENT		WATERWORKS		REAL ESTATE		TOTAL		RH SEGMENT		WATERWORKS		REAL ESTATE		TOTAL
	(in thousands)
Goodwill(1)	$	141,026	$	—	$	—	$	141,026	$	141,048	$	—	$	—	$	141,048
Tradenames, trademarks and other intangible assets(2)		58,144		17,000		—		75,144		57,633		17,000		—		74,633
Equity method investments		—		715		132,282		132,997		—		623		100,845		101,468
Total assets		4,924,726		225,551		169,553		5,319,830		4,953,610		217,228		138,451		5,309,289

(1) The Waterworks reporting unit goodwill of $51 million recognized upon acquisition in fiscal 2016 was fully impaired as of fiscal 2018.

(2) The Waterworks reporting unit tradename is presented net of an impairment charge of $35 million recognized in previous fiscal years.

Summary of net revenues

	THREE MONTHS ENDED
	APRIL 29,		APRIL 30,
	2023		2022
	(in thousands)
Furniture	$	496,391	$	662,520
Non-furniture		242,771		294,772
Total net revenues	$	739,162	$	957,292