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Business Segment Information (Tables)
 6 Months Ended
Aug. 01, 2020
Segment Reporting [Abstract]  
Schedule of Business Segment Information

Three Months Ended

August 1, 2020

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

Sales

 

$

276,631

 

 

$

71,732

 

 

$

24,097

 

 

$

19,114

 

 

$

—

 

 

$

391,574

 

Intercompany sales

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(357

)

 

 

—

 

 

 

(357

)

Net sales to external customers

 

$

276,631

 

 

$

71,732

 

 

$

24,097

 

 

$

18,757

 

 

$

—

 

 

$

391,217

 

Segment operating income (loss)

 

$

10,160

 

 

$

(6,838

)

 

$

(18,243

)

 

$

(1,222

)

 

$

(4,118

)

 

$

(20,261

)

Asset impairments and other(1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,733

 

 

 

1,733

 

Operating income (loss)

 

 

10,160

 

 

 

(6,838

)

 

 

(18,243

)

 

 

(1,222

)

 

 

(5,851

)

 

 

(21,994

)

Other components of net periodic

   benefit income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(182

)

 

 

(182

)

Interest expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,965

 

 

 

1,965

 

Interest income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(47

)

 

 

(47

)

Earnings (loss) from continuing

   operations before income taxes

 

$

10,160

 

 

$

(6,838

)

 

$

(18,243

)

 

$

(1,222

)

 

$

(7,587

)

 

$

(23,730

)

Total assets(2)

 

$

855,201

 

 

$

249,666

 

 

$

185,375

 

 

$

84,730

 

 

$

395,056

 

 

$

1,770,028

 

Depreciation and amortization

 

 

7,271

 

 

 

2,318

 

 

 

1,452

 

 

 

356

 

 

 

390

 

 

 

11,787

 

Capital expenditures

 

 

2,660

 

 

 

145

 

 

 

891

 

 

 

103

 

 

 

101

 

 

 

3,900

 

 

(1) Asset impairments and other includes a $1.7 million charge for retail store asset impairments, which includes $0.4 million in Schuh Group and $1.3 million in Journeys Group.

 

(2) Of our $890.8 million of long-lived assets, $151.3 million and $39.8 million relate to long-lived assets in the United Kingdom and Canada, respectively.

Note 10

Business Segment Information, Continued

 

Three Months Ended

August 3, 2019

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

Sales

 

$

315,175

 

 

 

92,476

 

 

$

67,267

 

 

$

11,580

 

 

$

72

 

 

$

486,570

 

Intercompany sales

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

3

 

Net sales to external customers

 

$

315,175

 

 

$

92,476

 

 

$

67,267

 

 

$

11,583

 

 

$

72

 

 

$

486,573

 

Segment operating income (loss)

 

$

11,329

 

 

$

39

 

 

$

1,518

 

 

$

(251

)

 

$

(7,898

)

 

$

4,737

 

Asset impairments and other(1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,775

 

 

 

1,775

 

Operating income (loss)

 

 

11,329

 

 

 

39

 

 

 

1,518

 

 

 

(251

)

 

 

(9,673

)

 

 

2,962

 

Other components of net periodic benefit income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(93

)

 

 

(93

)

Interest expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

835

 

 

 

835

 

Interest income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(488

)

 

 

(488

)

Earnings (loss) from continuing

   operations before income taxes

 

$

11,329

 

 

$

39

 

 

$

1,518

 

 

$

(251

)

 

$

(9,927

)

 

$

2,708

 

Total assets(2)

 

$

997,604

 

 

 

357,537

 

 

$

217,499

 

 

$

18,768

 

 

$

164,119

 

 

$

1,755,527

 

Depreciation and amortization

 

 

7,163

 

 

 

2,897

 

 

 

1,498

 

 

 

117

 

 

 

640

 

 

 

12,315

 

Capital expenditures

 

 

4,130

 

 

 

1,094

 

 

 

958

 

 

 

188

 

 

 

140

 

 

 

6,510

 

 

(1) Asset impairments and other includes a $1.0 million charge for lease terminations and $0.7 million charge for retail store asset impairments, which includes $0.6 million in Schuh Group and $0.1 million in Journeys Group.

(2) Total assets for the Schuh Group and Journeys Group include $77.4 million and $9.8 million of goodwill, respectively. Goodwill for Schuh Group decreased by $5.9 million and goodwill for Journeys Group decreased by $0.1 million from February 2, 2019, due to foreign currency translation adjustments. Of our $1.02 billion of long-lived assets, $172.2 million and $53.0 million relate to long-lived assets in the United Kingdom and Canada, respectively.

Note 10

Business Segment Information, Continued

 

Six Months Ended

August 1, 2020

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

Sales

 

$

445,556

 

 

$

118,897

 

 

$

62,946

 

 

$

43,795

 

 

$

—

 

 

$

671,194

 

Intercompany sales

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(745

)

 

 

—

 

 

 

(745

)

Net sales to external customers

 

$

445,556

 

 

$

118,897

 

 

$

62,946

 

 

$

43,050

 

 

$

—

 

 

$

670,449

 

Segment operating loss

 

$

(26,923

)

 

$

(21,924

)

 

$

(27,827

)

 

$

(3,723

)

 

$

(8,762

)

 

$

(89,159

)

Goodwill impairment(1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

79,259

 

 

 

79,259

 

Asset impairments and other(2)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

9,594

 

 

 

9,594

 

Operating loss

 

 

(26,923

)

 

 

(21,924

)

 

 

(27,827

)

 

 

(3,723

)

 

 

(97,615

)

 

 

(178,012

)

Other components of net periodic benefit income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(306

)

 

 

(306

)

Interest expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,014

 

 

 

3,014

 

Interest income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(240

)

 

 

(240

)

Earnings (loss) from continuing

   operations before income taxes

 

$

(26,923

)

 

$

(21,924

)

 

$

(27,827

)

 

$

(3,723

)

 

$

(100,083

)

 

$

(180,480

)

Depreciation and amortization

 

 

14,724

 

 

 

4,957

 

 

 

2,928

 

 

 

823

 

 

 

778

 

 

 

24,210

 

Capital expenditures

 

 

5,852

 

 

 

1,838

 

 

 

2,568

 

 

 

75

 

 

 

309

 

 

 

10,642

 

 

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

 

(2) Asset impairments and other includes a $4.8 million charge for retail store asset impairments, which includes $1.2 million in Johnston & Murphy Group, $1.6 million in Schuh Group and $2.0 million in Journeys Group, and a $5.3 million trademark impairment, which includes $4.9 million in Journeys Group and $0.4 million in Johnston & Murphy Group.

 

 

Six Months Ended

August 3, 2019

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

Sales

 

$

639,147

 

 

$

169,320

 

 

$

142,001

 

 

$

31,666

 

 

$

90

 

 

$

982,224

 

Intercompany sales

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net sales to external customers

 

$

639,147

 

 

$

169,320

 

 

$

142,001

 

 

$

31,666

 

 

$

90

 

 

$

982,224

 

Segment operating income (loss)

 

$

30,305

 

 

$

(5,389

)

 

$

6,624

 

 

$

178

 

 

$

(18,628

)

 

$

13,090

 

Asset impairments and other(1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,044

 

 

 

1,044

 

Operating income (loss)

 

 

30,305

 

 

 

(5,389

)

 

 

6,624

 

 

 

178

 

 

 

(19,672

)

 

 

12,046

 

Other components of net periodic benefit income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(179

)

 

 

(179

)

Interest expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,683

 

 

 

1,683

 

Interest income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,502

)

 

 

(1,502

)

Earnings (loss) from continuing

   operations before income taxes

 

$

30,305

 

 

$

(5,389

)

 

$

6,624

 

 

$

178

 

 

$

(19,674

)

 

$

12,044

 

Depreciation and amortization

 

 

14,483

 

 

 

5,996

 

 

 

3,124

 

 

 

265

 

 

 

1,250

 

 

 

25,118

 

Capital expenditures

 

 

8,097

 

 

 

2,767

 

 

 

1,820

 

 

 

250

 

 

 

317

 

 

 

13,251

 

 

(1) Asset impairments and other includes a $1.0 million charge for retail store asset impairments, which includes $0.1 million for Journeys Group and $0.9 million for Schuh Group.