Asset Impairments and Other Charges and Discontinued Operations (Tables)

6 Months Ended

Aug. 03, 2019

Asset Impairments and Other Charges and Discontinued Operations [Abstract]

Impact of Discontinued Operations on Financial Statements

Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets at August 4, 2018 are included in the following table.

In Thousands	August 4, 2018
Assets
Accounts Receivable	$	7,571
Inventories	170,027
Prepaids and other current assets	14,714
Current assets - discontinued operations	$	192,312
Property and equipment, net	$	78,637
Trademarks	54,415
Other intangibles	299
Non-Current assets - discontinued operations	$	133,351
Liabilities
Accounts payable	$	40,715
Accrued employee compensation	1,288
Other accrued liabilities	15,766
Current liabilities - discontinued operations	$	57,769
Other long-term liabilities	$	24,809
Non-Current liabilities - discontinued operations	$	24,809

Components of amounts reflected in loss from discontinued operations, net of tax on the Condensed Consolidated Statements of Operations for the three and six months ended August 4, 2018 are as follows:

	Three Months Ended		Six Months Ended
In Thousands	August 4, 2018		August 4, 2018
Net sales	$166,877		$325,617
Cost of sales	76,904		151,822
Selling and administrative expenses	88,619		177,567
Asset impairments and other, net	1,068		1,502
Other components of net periodic benefit cost	(28	)	(56	)
Provision for discontinued operations(1)	(246	)	(277	)
Earnings (loss) from discontinued operations before taxes	12		(5,607	)
Income tax expense (benefit)	2		(1,430	)
Earnings (loss) from discontinued operations, net of tax	$10		$(4,177)

⁽¹⁾ Expenses primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see additional disclosures below and in Note 9).

The following table summarizes depreciation and amortization, capital expenditures and the significant operating noncash items from discontinued operations for the three and six months ended August 4, 2018:

	Three Months Ended	Six Months Ended
In Thousands	August 4, 2018	August 4, 2018
Depreciation and amortization	$6,396	$12,840
Capital expenditures	4,236	8,726
Impairment of long-lived assets	599	848

Schedule of Accrued Provision for Discontinued Operations

Accrued Provision for Discontinued Operations
In Thousands	Facility Shutdown Costs
Balance February 3, 2018	$	3,609
Additional provision Fiscal 2019	743
Charges and adjustments, net	(1,953		)
Balance February 2, 2019	2,399
Additional provision Fiscal 2020	380
Charges and adjustments, net	(413		)
Balance August 3, 2019(1)	2,366
Current provision for discontinued operations	520
Total Noncurrent Provision for Discontinued Operations	$	1,846

⁽¹⁾Includes a $1.7 million environmental provision, including $0.5 million in current provision for discontinued operations (see Note 9).