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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 28, 2023
Jan. 29, 2022
Jan. 30, 2021
Income Statement [Abstract]      
Net sales $ 2,384,888 [1] $ 2,422,084 [2] $ 1,786,530 [3]
Cost of sales 1,248,698 1,240,948 982,063
Gross margin 1,136,190 1,181,136 804,467
Selling and administrative expenses 1,042,094 1,033,625 813,775
Goodwill impairment 0 0 79,259 [4]
Asset impairments and other, net 855 [5] (8,056) [6] 18,682 [7]
Operating income (loss) 93,241 155,567 (107,249)
Other components of net periodic benefit cost (income) 248 128 (670)
Interest expense (net of interest income of $0.3 million, $0.6 million and $0.3 million for Fiscal 2023, 2022 and 2021, respectively) 2,920 2,448 5,090
Earnings (loss) from continuing operations before income taxes 90,073 152,991 (111,669)
Income tax expense (benefit) 17,831 38,044 (55,641)
Earnings (loss) from continuing operations 72,242 114,947 (56,028)
Loss from discontinued operations, net of tax (327) (97) (401)
Net Earnings (Loss) $ 71,915 $ 114,850 $ (56,429)
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 5.80 $ 8.11 $ (3.94)
Discontinued operations (in dollars per share) (0.03) 0.00 (0.03)
Net earnings (loss) (in dollars per share) 5.77 8.11 (3.97)
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 5.69 7.92 (3.94)
Discontinued operations (in dollars per share) (0.03) 0.00 (0.03)
Net earnings (loss) (in dollars per share) $ 5.66 $ 7.92 $ (3.97)
Weighted average shares outstanding:      
Basic (in shares) 12,457 14,170 14,216
Diluted (in shares) 12,707 14,509 14,216
[1] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82% and 18%, respectively, of our net sales for Fiscal 2023.
[2] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83% and 17%, respectively, of our net sales for Fiscal 2022.
[3] Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83% and 17%, respectively, of our net sales for Fiscal 2021.
[4] Goodwill impairment of $79.3 million is related to Schuh Group.
[5] Asset impairments and other includes a $1.6 million charge for asset impairments, of which $0.8 million is in the Journeys Group, $0.5 million is in the Johnston & Murphy Group, $0.2 million is in the Schuh Group and $0.1 million is in Genesco Brands Group, partially offset by a $0.7 million gain on the termination of the pension plan.
[6] 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 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.
[7] Asset impairments and other includes a $13.8 million charge for 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.