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Segment and Geographical Financial Information (Tables)
12 Months Ended
Jan. 30, 2021
Segment Reporting [Abstract]  
Summary of Reportable Segments Information

Summary information for the Company’s reportable segments is presented below. 

 

(in thousands)

 

Vince Wholesale

 

 

Vince Direct-to-consumer

 

 

Rebecca Taylor and Parker

 

 

Unallocated Corporate

 

 

Total

 

Fiscal Year 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales (1)

 

$

105,737

 

 

$

86,326

 

 

$

27,807

 

 

$

 

 

$

219,870

 

Income (loss) before income taxes (2) (3) (4)

 

 

30,059

 

 

 

(20,734

)

 

 

(16,128

)

 

 

(56,980

)

 

 

(63,783

)

Depreciation & Amortization

 

 

958

 

 

 

2,993

 

 

 

785

 

 

 

2,162

 

 

 

6,898

 

Capital Expenditures

 

 

177

 

 

 

2,451

 

 

 

532

 

 

 

337

 

 

 

3,497

 

Total Assets

 

 

66,816

 

 

 

104,784

 

 

 

39,514

 

 

 

121,830

 

 

 

332,944

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales (5)

 

$

166,805

 

 

$

133,412

 

 

$

74,970

 

 

$

 

 

$

375,187

 

Income (loss) before income taxes (6) (7) (8)

 

 

55,440

 

 

 

10,127

 

 

 

(29,410

)

 

 

(5,663

)

 

 

30,494

 

Depreciation & Amortization

 

 

838

 

 

 

3,809

 

 

 

2,196

 

 

 

2,759

 

 

 

9,602

 

Capital Expenditures

 

 

395

 

 

 

3,423

 

 

 

657

 

 

 

48

 

 

 

4,523

 

Total Assets

 

 

71,028

 

 

 

112,408

 

 

 

43,258

 

 

 

135,608

 

 

 

362,302

 

 

(1) Net sales for Rebecca Taylor and Parker for fiscal 2020 consisted of $17,228 through wholesale distribution channels and $10,579 through direct-to-consumer distribution channels.

(2) Vince Direct-to-consumer for fiscal 2020 includes a non-cash impairment charge of $11,725 related to property and equipment and ROU assets. See Note 1 “Description of Business and Summary of Significant Accounting Policies – (K) Impairment of Long-lived Assets” for additional information.

(3) Rebecca Taylor and Parker for fiscal 2020 includes non-cash impairment charges of $1,687, of which $386 is related to the Rebecca Taylor tradename and $1,301 is related to property and equipment and ROU assets. See Note 1 “Description of Business and Summary of Significant Accounting Policies – (K) Impairment of Long-lived Assets and (L) Goodwill and Other Intangible Assets” for further details.

(4) Unallocated Corporate for fiscal 2020 includes the $2,320 pre-tax benefit from re-measurement of the liability related to the Tax Receivable Agreement and non-cash impairment charges of $13,462, of which $9,462 is related to goodwill and $4,000 is related to the Vince tradename. See Note 1 “Description of Business and Summary of Significant Accounting Policies – (L) Goodwill and Other Intangible Assets” and Note 14 “Related Party Transactions” for additional information.

(5) Net sales for Rebecca Taylor and Parker for fiscal 2019 consisted of $55,734 through wholesale distribution channels and $19,236 through direct-to-consumer distribution channels.

(6) Vince Direct-to-consumer for fiscal 2019 includes a non-cash impairment charge of $65 related to ROU assets. See Note 1 “Description of Business and Summary of Significant Accounting Policies – (K) Impairment of Long-lived Assets” for additional information.

(7) Rebecca Taylor and Parker for fiscal 2019 includes non-cash impairment charges of $20,244, of which $2,129 is related to goodwill, $11,247 is related to the Rebecca Taylor and Parker tradenames, $6,115 is related to the Rebecca Taylor and Parker customer relationships and $753 is related to property and equipment and ROU assets. See Note 1 “Description of Business and Summary of Significant Accounting Policies – (K) Impairment of Long-lived Assets and (L) Goodwill and Other Intangible Assets” for further details.

(8) Unallocated Corporate for fiscal 2019 includes the $55,953 pre-tax benefit from re-measurement of the liability related to the Tax Receivable Agreement. See Note 14 “Related Party Transactions” for additional information.