XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Tables)
 9 Months Ended
Oct. 28, 2017
Segment Reporting [Abstract]  
Segment reporting information by segment
Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
October 28, 2017
Journeys Group
 
Schuh Group
 
Lids Sports
Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
In thousands
 
 
 
 
 
 
Sales
$
333,506

 
$
101,489

 
$
181,347

 
$
74,132

 
$
26,208

 
$
77

 
$
716,759

Intercompany Sales
—

 
—

 
—

 
—

 
—

 
—

 
—

Net sales to external customers
$
333,506

 
$
101,489

 
$
181,347

 
$
74,132

 
$
26,208

 
$
77

 
$
716,759

Segment operating income (loss)
$
24,283

 
$
7,054

 
$
1,991

 
$
5,287

 
$
1,153

 
$
(8,510
)
 
$
31,258

Goodwill impairment*
—

 
—

 
—

 
—

 
—

 
(182,211
)
 
(182,211
)
Asset Impairments and other**
—

 
—

 
—

 
—

 
—

 
(1,446
)
 
(1,446
)
Earnings (loss) from operations
24,283

 
7,054

 
1,991

 
5,287

 
1,153

 
(192,167
)
 
(152,399
)
Interest expense
—

 
—

 
—

 
—

 
—

 
(1,454
)
 
(1,454
)
Interest income
—

 
—

 
—

 
—

 
—

 
(3
)
 
(3
)
Earnings (loss) from continuing
operations before income taxes
$
24,283

 
$
7,054

 
$
1,991

 
$
5,287

 
$
1,153

 
$
(193,624
)
 
$
(153,856
)
Total assets***
$
524,563

 
$
248,336

 
$
396,877

 
$
128,651

 
$
34,817

 
$
165,239

 
$
1,498,483

Depreciation and amortization****
6,385

 
3,443

 
6,609

 
1,565

 
166

 
816

 
18,984

Capital expenditures
21,772

 
2,124

 
8,438

 
1,929

 
227

 
2,237

 
36,727


*Goodwill impairment charge of $182.2 million relates to Lids Sports Group.

**Asset Impairments and other charge includes a $0.9 million charge for losses related to Hurricane Maria and a $0.5 million charge for asset impairments, which includes $0.2 million each for Journeys Group and Lids Sports Group and $0.1 million for Schuh Group.

***Total assets for the Schuh Group and Journeys Group include $83.4 million and $10.0 million of goodwill, respectively. Goodwill for the Schuh Group and Journeys Group increased by $3.7 million, and $0.2 million, respectively, from January 28, 2017, due to foreign currency translation adjustments. Of the Company's $378.5 million of property and equipment, $54.3 million and $21.4 million relate to property and equipment in the United Kingdom and Canada, respectively.

****Includes $18.9 million in depreciation expense for the three months ended October 28, 2017.




















Note 9
Business Segment Information, Continued

Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
October 29, 2016
Journeys Group
 
Schuh Group
 
Lids Sports
Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
In thousands
 
 
 
 
 
 
Sales
$
314,159

 
90,087

 
$
200,279

 
$
72,115

 
$
34,334

 
$
124

 
$
711,098

Intercompany Sales
—

 
—

 
—

 
—

 
(276
)
 
—

 
(276
)
Net sales to external customers
$
314,159

 
$
90,087

 
$
200,279

 
$
72,115

 
$
34,058

 
$
124

 
$
710,822

Segment operating income (loss)
$
25,656

 
$
6,615

 
$
8,173

 
$
4,922

 
$
2,689

 
$
(7,118
)
 
$
40,937

Asset Impairments and other*
—

 
—

 
—

 
—

 
—

 
(589
)
 
(589
)
Earnings (loss) from operations
25,656

 
6,615

 
8,173

 
4,922

 
2,689

 
(7,707
)
 
40,348

Interest expense
—

 
—

 
—

 
—

 
—

 
(1,489
)
 
(1,489
)
Interest income
—

 
—

 
—

 
—

 
—

 
1

 
1

Earnings (loss) from continuing
operations before income taxes
$
25,656

 
$
6,615

 
$
8,173

 
$
4,922

 
$
2,689

 
$
(9,195
)
 
$
38,860

Total assets**
$
453,352

 
222,796

 
$
603,747

 
$
131,966

 
$
51,474

 
$
121,036

 
$
1,584,371

Depreciation and amortization***
5,971

 
3,191

 
6,728

 
1,513

 
255

 
938

 
18,596

Capital expenditures
11,262

 
2,174

 
9,126

 
1,625

 
262

 
368

 
24,817


*Asset Impairments and other includes a $0.6 million charge for assets impairments, which relates primarily to the Lids Sports Group.

**Total assets for the Lids Sports Group, Schuh Group, Journeys Group and Licensed Brands include $181.4 million, $77.3 million, $9.6 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group and Journeys Group increased by $0.5 million and $0.2 million, respectively, from January 30, 2016 and Schuh Group goodwill decreased by $13.0 million from January 30, 2016 due to foreign currency translation adjustments. Of the Company's $321.8 million of property and equipment, $54.2 million and $20.2 million relate to property and equipment in the United Kingdom and Canada, respectively.

***Includes $18.3 million in depreciation expense for the three months ended October 29, 2016.






















Note 9
Business Segment Information, Continued

Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
October 28, 2017
Journeys Group
 
Schuh Group
 
Lids Sports
Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
In thousands
 
 
 
 
 
 
Sales
$
876,578

 
$
275,570

 
$
538,478

 
$
211,785

 
$
73,915

 
$
307

 
$
1,976,633

Intercompany Sales
—

 
—

 
—

 
—

 
—

 
—

 
—

Net sales to external customers
$
876,578

 
$
275,570

 
$
538,478

 
$
211,785

 
$
73,915

 
$
307

 
$
1,976,633

Segment operating income (loss)
$
29,561

 
$
10,905

 
$
3,245

 
$
10,654

 
$
2,377

 
$
(24,523
)
 
$
32,219

Goodwill impairment*
—

 
—

 
—

 
—

 
—

 
(182,211
)
 
(182,211
)
Asset Impairments and other**
—

 
—

 
—

 
—

 
—

 
(1,623
)
 
(1,623
)
Earnings (loss) from operations
29,561

 
10,905

 
3,245

 
10,654

 
2,377

 
(208,357
)
 
(151,615
)
Interest expense
—

 
—

 
—

 
—

 
—

 
(3,883
)
 
(3,883
)
Interest income
—

 
—

 
—

 
—

 
—

 
—

 
—

Earnings (loss) from continuing
operations before income taxes
$
29,561

 
$
10,905

 
$
3,245

 
$
10,654

 
$
2,377

 
$
(212,240
)
 
$
(155,498
)
Total assets***
$
524,563

 
$
248,336

 
$
396,877

 
$
128,651

 
$
34,817

 
$
165,239

 
$
1,498,483

Depreciation and amortization****
19,208

 
10,190

 
20,278

 
4,709

 
503

 
2,642

 
57,530

Capital expenditures
65,623

 
7,555

 
23,410

 
4,440

 
388

 
2,647

 
104,063

 
 
 
 
 
 
 
 
 
 
 
 
 
 

*Goodwill impairment charge of $182.2 million relates to Lids Sports Group.

**Asset Impairments and other charge includes a $0.9 million charge for losses related to Hurricane Maria and a $0.7 million charge for asset impairments, which includes $0.3 million each for Journeys Group and Lids Sports Group and $0.1 million for Schuh Group.

***Total assets for the Schuh Group and Journeys Group include $83.4 million and $10.0 million of goodwill, respectively. Goodwill for the Schuh Group and Journeys Group increased by $3.7 million and $0.2 million, respectively, from January 28, 2017, due to foreign currency translation adjustments. Of the Company's $378.5 million of property and equipment, $54.3 million and $21.4 million relate to property and equipment in the United Kingdom and Canada, respectively.

****Includes $57.3 million in depreciation expense for the nine months ended October 28, 2017.
























Note 9
Business Segment Information, Continued

Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
October 29, 2016
Journeys Group
 
Schuh Group
 
Lids Sports
Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
In thousands
 
 
 
 
 
 
Sales
860,514

 
262,717

 
568,567

 
207,241

 
86,651

 
509

 
$
1,986,199

Intercompany Sales
—

 
—

 
—

 
—

 
(1,027
)
 
—

 
(1,027
)
Net sales to external customers
$
860,514

 
$
262,717

 
$
568,567

 
$
207,241

 
$
85,624

 
$
509

 
$
1,985,172

Segment operating income (loss)
49,757

 
9,647

 
21,342

 
12,019

 
4,776

 
(23,075
)
 
$
74,466

Asset Impairments and other*
—

 
—

 
—

 
—

 
—

 
3,799

 
3,799

Earnings (loss) from operations
49,757

 
9,647

 
21,342

 
12,019

 
4,776

 
(19,276
)
 
78,265

Gain on sale of Lids Team Sports
—

 
—

 
—

 
—

 
—

 
2,485

 
2,485

Interest expense
—

 
—

 
—

 
—

 
—

 
(3,968
)
 
(3,968
)
Interest income
—

 
—

 
—

 
—

 
—

 
37

 
37

Earnings (loss) from continuing
operations before income taxes
$
49,757

 
$
9,647

 
$
21,342

 
$
12,019

 
$
4,776

 
$
(20,722
)
 
$
76,819

Total assets**
453,352

 
222,796

 
603,747

 
131,966

 
51,474

 
121,036

 
$
1,584,371

Depreciation and amortization***
17,983

 
10,685

 
19,663

 
4,460

 
762

 
2,966

 
56,519

Capital expenditures
34,191

 
8,581

 
14,735

 
6,803

 
610

 
600

 
65,520

 
 
 
 
 
 
 
 
 
 
 
 
 
 

*Asset Impairments and other includes an $(8.9) million gain for network intrusion expenses related to a litigation settlement, a $5.0 million charge for asset impairments, of which $4.9 million is in the Lids Sports Group and $0.1 million is in the Journeys Group, and a $0.1 million charge for other legal matters.

**Total assets for the Lids Sports Group, Schuh Group, Journeys Group and Licensed Brands include $181.4 million, $77.3 million, $9.6 million and $0.8 million of goodwill, respectively. Goodwill for Lids Sports Group and Journeys Group increased by $0.5 million and $0.2 million, respectively, from January 30, 2016 and Schuh Group goodwill decreased by $13.0 million from January 30, 2016 due to foreign currency translation adjustments. Of the Company's $321.8 million of property and equipment, $54.2 million and $20.2 million relate to property and equipment in the United Kingdom and Canada, respectively.

***Includes $55.7 million in depreciation expense for the nine months ended October 29, 2016.