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Business Segment Information (Tables)

12 Months Ended

Jan. 29, 2022

Schedule of Business Segment Information


Fiscal 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,576,475	$	423,560	$	252,855	$	170,619		$	—		$	2,423,509
Intercompany sales		—		—		—		(1,425	)		—			(1,425	)
Net sales to external customers	$	1,576,475	$	423,560	$	252,855	$	169,194		$	—		$	2,422,084
Segment operating income (loss)	$	165,336	$	19,257	$	7,029	$	6,583		$	(50,694	)	$	147,511
Asset impairments and other(1)		—		—		—		—			8,056			8,056
Operating income		165,336		19,257		7,029		6,583			(42,638	)		155,567
Other components of net periodic benefit cost		—		—		—		—			(128	)		(128	)
Interest expense,net		—		—		—		—			(2,448	)		(2,448	)
Earnings from continuing operations before income taxes	$	165,336	$	19,257	$	7,029	$	6,583		$	(45,214	)	$	152,991
Total assets at fiscal year end(2)	$	678,680	$	207,495	$	128,187	$	67,658		$	480,079		$	1,562,099
Depreciation and amortization		28,903		6,942		4,612		1,081			1,431			42,969
Capital expenditures		22,438		3,062		4,647		1,071			22,687			53,905

(1)

Asset impairments and other includes an $18.1 million gain on the sale of a distribution warehouse and a $0.6 million insurance gain, partially offset by $8.6 million for professional fees related to the actions of a shareholder activist and a $2.0 million charge for retail store asset impairments, of which $1.0 million is in the Journeys Group, $0.8 million is in the Schuh Group and $0.2 million is in the Johnston & Murphy Group.

(2)

Of our $760.1 million of long-lived assets, $113.9 million and $26.0 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2021
(In thousands)	Journeys Group		Schuh Group			Johnston & Murphy Group			Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,227,954	$	305,941		$	152,941		$	101,287		$	—		$	1,788,123
Intercompany sales		—		—			—			(1,593	)		—			(1,593	)
Net sales to external customers	$	1,227,954	$	305,941		$	152,941		$	99,694		$	—		$	1,786,530
Segment operating income (loss)	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(21,548	)	$	(9,308	)
Goodwill impairment (1)		—		—			—			—			(79,259	)		(79,259	)
Asset impairments and other(2)		—		—			—			—			(18,682	)		(18,682	)
Operating income (loss)		76,896		(11,602	)		(47,624	)		(5,430	)		(119,489	)		(107,249	)
Other components of net periodic benefit income		—		—			—			—			670			670
Interest expense, net		—		—			—			—			(5,090	)		(5,090	)
Earnings (loss) from continuing operations before income taxes	$	76,896	$	(11,602	)	$	(47,624	)	$	(5,430	)	$	(123,909	)	$	(111,669	)
Total assets at fiscal year end(3)	$	767,535	$	232,681		$	159,027		$	58,320		$	369,805		$	1,587,368
Depreciation and amortization		29,326		8,885			5,487			1,317			1,484			46,499
Capital expenditures		16,188		2,794			4,064			356			728			24,130

(1)

Goodwill impairment of $79.3 million is related to Schuh Group.

(2)

Asset impairments and other includes a $13.8 million charge for retail store asset impairments, of which $7.0 million is in the Johnston & Murphy Group, $4.1 million is in the Journeys Group and $2.7 million is in the Schuh Group, and a $5.3 million charge for trademark impairment, partially offset by a $0.4 million gain for the release of an earnout related to the Togast acquisition.

(3)

Of our $829.6 million of long-lived assets, $140.9 million and $35.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 17

Business Segment Information, Continued


Fiscal 2020
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Licensed Brands			Corporate & Other			Consolidated
Sales	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Intercompany sales		—		—		—		—			—			—
Net sales to external customers	$	1,460,253	$	373,930	$	300,850	$	61,859		$	174		$	2,197,066
Segment operating income (loss)	$	114,945	$	4,659	$	17,702	$	(698	)	$	(39,916	)	$	96,692
Asset impairments and other(1)		—		—		—		—			(13,374	)		(13,374	)
Operating income		114,945		4,659		17,702		(698	)		(53,290	)		83,318
Other components of net periodic benefit income		—		—		—		—			395			395
Interest expense, net		—		—		—		—			(1,278	)		(1,278	)
Earnings from continuing operations before income taxes	$	114,945	$	4,659	$	17,702	$	(698	)	$	(54,173	)	$	82,435
Total assets at fiscal year end(2)	$	908,312	$	363,205	$	197,670	$	63,385		$	147,906		$	1,680,478
Depreciation and amortization		29,122		11,466		6,091		660			2,235			49,574
Capital expenditures		17,920		4,890		5,540		428			989			29,767

(1)

Asset impairments and other includes an $11.5 million pension settlement expense and a $3.1 million charge for retail store asset impairments, of which $1.2 million is in the Johnston & Murphy Group, $1.2 million is in the Schuh Group and $0.7 million is in the Journeys Group, partially offset by a $0.6 million gain on the sale of the Lids Sport Group headquarters building, a $0.4 million gain for lease terminations and a $0.2 million gain related to Hurricane Maria.

(2)

Of our $973.4 million of long-lived assets, $174.4 million and $46.2 million relate to long-lived assets in the U.K. and Canada, respectively.