Segment Reporting (Tables)

6 Months Ended

Jul. 29, 2023

Segment Reporting

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

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JULY 29,		JULY 30,		JULY 29,		JULY 30,
	2023		2022		2023		2022
	(in thousands)
Operating income:
RH Segment	$	153,369	$	237,512	$	257,090	$	466,057
Waterworks		7,995		7,222		14,666		15,207
Total segment operating income		161,364		244,734		271,756		481,264
Legal settlements		(8,000)		—		(8,000)		—
Reorganization related costs		—		—		(7,621)		—
Non-cash compensation		(2,024)		(4,321)		(5,555)		(10,179)
Employer payroll taxes on option exercise		—		—		—		(11,717)
Asset impairments		—		(2,231)		—		(8,154)
Professional fees		—		(285)		—		(7,469)
Compensation settlements		—		(3,483)		—		(3,483)
Recall accrual		—		—		—		(560)
Income from operations		151,340		234,414		250,580		439,702
Interest expense—net		44,422		26,264		84,238		47,119
Loss on extinguishment of debt		—		23,462		—		169,578
Other (income) expense—net		(186)		3,195		(839)		2,852
Income before income taxes and equity method investments	$	107,104	$	181,493	$	167,181	$	220,153

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

	THREE MONTHS ENDED
	JULY 29,						JULY 30,
	2023						2022
	RH SEGMENT		WATERWORKS		TOTAL		RH SEGMENT		WATERWORKS		TOTAL
	(in thousands)
Net revenues	$	753,550	$	46,929	$	800,479	$	940,182	$	51,438	$	991,620
Gross profit		354,425		25,648		380,073		495,074		28,144		523,218
Depreciation and amortization		26,828		1,308		28,136		25,671		1,299		26,970

	SIX MONTHS ENDED
	JULY 29,						JULY 30,
	2023						2022
	RH SEGMENT		WATERWORKS		TOTAL		RH SEGMENT		WATERWORKS		TOTAL
	(in thousands)
Net revenues	$	1,444,066	$	95,575	$	1,539,641	$	1,849,130	$	99,782	$	1,948,912
Gross profit		676,009		51,609		727,618		967,896		53,905		1,021,801
Depreciation and amortization		53,253		2,653		55,906		49,195		2,533		51,728

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

	SIX MONTHS ENDED
	JULY 29,						JULY 30,
	2023						2022
	RH SEGMENT		WATERWORKS		TOTAL		RH SEGMENT		WATERWORKS		TOTAL
	(in thousands)
Net revenues	$	1,444,066	$	95,575	$	1,539,641	$	1,849,130	$	99,782	$	1,948,912
Gross profit		676,009		51,609		727,618		967,896		53,905		1,021,801
Depreciation and amortization		53,253		2,653		55,906		49,195		2,533		51,728

Summary of net revenues

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JULY 29,		JULY 30,		JULY 29,		JULY 30,
	2023		2022		2023		2022
	(in thousands)
Furniture	$	560,602	$	699,720	$	1,056,993	$	1,362,240
Non-furniture		239,877		291,900		482,648		586,672
Total net revenues	$	800,479	$	991,620	$	1,539,641	$	1,948,912