Business Combinations (Tables)

12 Months Ended

Feb. 01, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Summary of our preliminary allocation of the purchase price

The final estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows (in thousands):

	Provisional Amounts at January 28, 2023		Measurement Period Adjustments		Final
Cash and cash equivalents	$	7,296	$	—	$	7,296
Receivables	8,777		—		8,777
Inventories	23,434		(28)		23,406
Prepaid expenses and other assets	6,353		—		6,353
Property and equipment	21,108		(947)		20,161
Intangible assets	134,640		—		134,640
Goodwill	96,637		2,599		99,236
Operating lease assets	54,859		—		54,859
Accounts payable, accrued expenses and other liabilities	(34,777)		699		(34,078)
Non-current portion of operating lease liabilities	(47,009)		—		(47,009)
Purchase price	$	271,318	$	2,323	$	273,641

Summary of intangible assets allocated in connection with our preliminary purchase price allocation

Intangible assets allocated in connection with our preliminary purchase price allocation consisted of the following (in thousands):

	Useful life	Johnny Was acquisition
Finite lived intangible assets acquired, primarily consisting of customer relationships	8 - 13 years	$	56,740
Trade names and trademarks	Indefinite	77,900
		$	134,640

Schedule of pro forma statements of operations

The consolidated pro forma information presented below (in thousands, except per share data) gives effect to the September 19, 2022 acquisition of Johnny Was as if the acquisition had occurred as of the beginning of Fiscal 2021. The information presented below is for illustrative purposes only, is not indicative of results that would have been achieved if the acquisition had occurred as of the beginning of Fiscal 2021 and is not intended to be a projection of future results of operations. The consolidated pro forma information has been prepared from historical financial statements for Johnny Was and us for the periods presented, including without limitation, purchase accounting adjustments, but excluding any seller specific management/advisory or similar expenses and any synergies or operating cost reductions that may be achieved from the combined operations in the future.

	Fiscal 2022
Net sales	$	1,546,371
Earnings before income taxes	$	237,919
Net earnings	$	182,380
Earnings per share:
Basic	$	11.47
Diluted	$	11.22