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Business Segments
 9 Months Ended
Oct. 30, 2021
Segment Reporting [Abstract]  
Business Segments Business Segments
 
The Company operates in two reportable segments: the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”).
 
For the Company’s retail operations, the Company determined its operating segments on a store by store basis.  Each store’s operating performance has been aggregated into one reportable segment.  The Company’s operating segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard’s name where each store offers the same general mix of merchandise with similar categories and similar customers.  The Company believes that disaggregating its operating segments would not provide meaningful additional information.
The following table summarizes the percentage of net sales by segment and major product line:
 Three Months EndedNine Months Ended
 October 30,
2021		October 31,
2020		October 30,
2021		October 31,
2020
Retail operations segment  
Cosmetics13 %14 %13 %14 %
Ladies’ apparel22 20 23 21 
Ladies’ accessories and lingerie14 15 15 15 
Juniors’ and children’s apparel11 10 10 10 
Men’s apparel and accessories20 18 19 18 
Shoes16 16 15 15 
Home and furniture3 4 3 4 
 99 97 98 97 
Construction segment1 3 2 3 
Total100 %100 %100 %100 %
The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: 
(in thousands of dollars)Retail
Operations		ConstructionConsolidated
Three Months Ended October 30, 2021   
Net sales from external customers$1,460,184 $20,815 $1,480,999 
Gross profit 682,317 2,406 684,723 
Depreciation and amortization50,122 66 50,188 
Interest and debt expense (income), net10,557 (7)10,550 
Income before income taxes 254,152 478 254,630 
Total assets3,703,257 36,939 3,740,196 
Three Months Ended October 31, 2020
Net sales from external customers$994,588 $30,311 $1,024,899 
Gross profit364,232 1,983 366,215 
Depreciation and amortization53,290 87 53,377 
Interest and debt expense (income), net12,167 (5)12,162 
(Loss) income before income taxes (232)462 230 
Total assets3,279,241 26,748 3,305,989 
Nine Months Ended October 30, 2021
Net sales from external customers$4,296,316 $83,604 $4,379,920 
Gross profit1,876,558 5,787 1,882,345 
Depreciation and amortization146,441 198 146,639 
Interest and debt expense (income), net32,889 (33)32,856 
Income before income taxes697,140 1,293 698,433 
Total assets3,703,257 36,939 3,740,196 
Nine Months Ended October 31, 2020
Net sales from external customers$2,638,831 $91,767 $2,730,598 
Gross profit737,673 5,925 743,598 
Depreciation and amortization154,806 423 155,229 
Interest and debt expense (income), net37,343 (38)37,305 
(Loss) income before income taxes (262,598)1,357 (261,241)
Total assets3,279,241 26,748 3,305,989 
 
Intersegment construction revenues of $12.0 million and $4.1 million for the three months ended October 30, 2021 and October 31, 2020, respectively, and $28.6 million and $22.3 million for the nine months ended October 30, 2021 and October 31, 2020, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods.

The retail operations segment gives rise to contract liabilities through the customer loyalty program associated with Dillard's private label cards and through the issuances of gift cards. The loyalty program liability and a portion of the gift card liability is included in trade accounts payable and accrued expenses, and a portion of the gift card liability is included in other liabilities on the condensed consolidated balance sheets. Our retail operations segment contract liabilities are as follows:
Retail
(in thousands of dollars)October 30,
2021		January 30,
2021		October 31,
2020		February 1,
2020
Contract liabilities$59,718 $68,021 $54,684 $75,229 
During the nine months ended October 30, 2021 and October 31, 2020, the Company recorded $35.4 million and $39.7 million, respectively, in revenue that was previously included in the retail operations contract liability balances of $68.0 million and $75.2 million at January 30, 2021 and February 1, 2020, respectively.
Construction contracts give rise to accounts receivable, contract assets and contract liabilities. We record accounts receivable based on amounts expected to be collected from customers. We also record costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) in other current assets and trade accounts payable and accrued expenses in the condensed consolidated balance sheets, respectively. The amounts included in the condensed consolidated balance sheets are as follows:
Construction
(in thousands of dollars)October 30,
2021		January 30,
2021		October 31,
2020		February 1,
2020
Accounts receivable$18,586 $25,094 $18,689 $28,522 
Costs and estimated earnings in excess of billings on uncompleted contracts2,333 450 781 2,179 
Billings in excess of costs and estimated earnings on uncompleted contracts6,521 4,685 5,808 5,737 
During the nine months ended October 30, 2021 and October 31, 2020, the Company recorded $4.1 million and $4.9 million, respectively, in revenue that was previously included in billings in excess of costs and estimated earnings on uncompleted contracts of $4.7 million and $5.7 million at January 30, 2021 and February 1, 2020, respectively.
The remaining performance obligations related to executed construction contracts totaled $84.2 million, $76.2 million and $97.2 million at October 30, 2021, January 30, 2021 and October 31, 2020, respectively.