Operating Groups

12 Months Ended

Jan. 28, 2012

Operating Groups

Operating Groups

Note 10. Operating Groups

        Our business is primarily operated through our four operating groups: Tommy Bahama, Lilly Pulitzer, Ben Sherman and Lanier Clothes. We identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance.

        Tommy Bahama designs, sources and markets collections of men's and women's sportswear and related products. The target consumers of Tommy Bahama are primarily affluent men and women age 35 and older who embrace a relaxed and casual approach to daily living. Tommy Bahama products can be found in our company-owned and licensed Tommy Bahama retail stores and on our Tommy Bahama e-commerce website, www.tommybahama.com, as well as in better department stores and independent specialty stores throughout the United States. We also license the Tommy Bahama name for various product categories and operate Tommy Bahama restaurants.

        Lilly Pulitzer designs, sources and distributes upscale collections of women's and girl's dresses, sportswear and other products. Lilly Pulitzer was originally created in the late 1950's and is an affluent brand with a heritage and aesthetic based on the Palm Beach resort lifestyle. The brand is somewhat unique among women's brands in that it has demonstrated multi-generational appeal, including young women in college or recently graduated from college; young mothers with their daughters; and women who are not tied to the academic calendar. Lilly Pulitzer products can be found in our owned Lilly Pulitzer stores, in Lilly Pulitzer Signature Stores, as described below, and on our Lilly Pulitzer website, www.lillypulitzer.com, as well as in better department and independent specialty stores. We also license the Lilly Pulitzer name for various product categories.

        Ben Sherman is a London-based designer, marketer and distributor of men's branded sportswear and related products. Ben Sherman was established in 1963 as an edgy, "Mod"-inspired shirt brand and has throughout its history been inspired by what is new and current in British art, music, culture and style. The brand has evolved into a British modernist lifestyle brand of apparel targeted at style conscious men ages 25 to 40 in multiple markets throughout the world. Ben Sherman products can be found in certain department stores, a variety of independent specialty stores and our owned and licensed Ben Sherman retail stores, as well as on Ben Sherman e-commerce websites. We also license the Ben Sherman name for various product categories.

        Lanier Clothes designs, sources and markets branded and private label men's tailored clothing, including suits, sportcoats, suit separates and dress slacks across a wide range of price points, with the majority of the business at moderate price points. Our Lanier Clothes branded products are sold under certain trademarks licensed to us by third parties including Kenneth Cole, Dockers, Geoffrey Beene and Ike Behar. Additionally, we design and market products for our owned Billy London and Arnold Brant brands. Billy London is a modern, British-inspired fashion brand geared towards the value-oriented consumer, while Arnold Brant is an upscale tailored brand that is intended to blend modern elements of style with affordable luxury. In addition to the branded businesses, Lanier Clothes designs and sources certain private label tailored clothing products for certain customers. Significant private label brands for which we produce tailored clothing include Lands' End, Stafford, Alfani, Structure, and Kenneth Roberts. Our Lanier Clothes products are sold to national chains, department stores, specialty stores, specialty catalog retailers and discount retailers throughout the United States.

        Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, elimination of inter-segment sales, LIFO inventory accounting adjustments, other costs that are not allocated to the operating groups and operations of our other businesses which are not included in our four operating groups. The operations of businesses that are included in Corporate and Other include our Oxford Golf business and our Lyons, Georgia distribution center operations, which were previously included in our former Oxford Apparel operating group, prior to the disposal of substantially all of the operations and assets of Oxford Apparel on January 3, 2011. LIFO inventory calculations are made on a legal entity basis which does not correspond to our operating group definitions; therefore, LIFO inventory accounting adjustments are not allocated to operating groups.

        The tables below presents certain information about our operating groups included in continuing operations (in thousands):

	Fiscal 2011			Fiscal 2010			Fiscal 2009
Net Sales
Tommy Bahama	$	452,156		$	398,510		$	363,084
Lilly Pulitzer		94,495			5,959			—
Ben Sherman		91,435			86,920			102,309
Lanier Clothes		108,771			103,733			114,542
Corporate and Other		12,056			8,825			5,371
Total	$	758,913		$	603,947		$	585,306
Depreciation
Tommy Bahama	$	18,944		$	13,427		$	16,662
Lilly Pulitzer		1,542			150			—
Ben Sherman		2,419			2,562			3,050
Lanier Clothes		427			462			539
Corporate and Other		2,627			1,615			1,103
Total	$	25,959		$	18,216		$	21,354
Amortization of Intangible Assets
Tommy Bahama	$	516		$	693		$	888
Lilly Pulitzer		460			13			—
Ben Sherman		219			267			329
Lanier Clothes		—			—			—
Corporate and Other		—			—			—
Total	$	1,195		$	973		$	1,217
Operating Income (Loss)
Tommy Bahama	$	64,171		$	51,081		$	37,515
Lilly Pulitzer		14,278			(372	)		—
Ben Sherman		(2,535	)		(2,664	)		(8,616	)
Lanier Clothes		12,862			14,316			12,389
Corporate and Other		(19,969	)		(21,699	)		(22,378	)
Total Operating Income (Loss)		68,807			40,662			18,910
Interest expense, net		16,266			19,887			18,710
Loss on repurchase of senior notes		9,017			—			1,759
Earnings (Loss) From Continuing Operations Before Income Taxes	$	43,524		$	20,775		$	(1,559	)
Purchases of Property and Equipment
Tommy Bahama	$	24,686		$	11,225		$	5,618
Lilly Pulitzer		3,228			277			—
Ben Sherman		4,220			963			3,442
Lanier Clothes		85			30			21
Corporate and Other		3,091			833			2,227
Total	$	35,310		$	13,328		$	11,308

	January 28, 2012		January 29, 2011
Total Assets
Tommy Bahama	$	306,772	$	274,140
Lilly Pulitzer		82,417		79,476
Ben Sherman		78,040		64,591
Lanier Clothes		30,755		35,530
Corporate and Other		11,223		46,989
Assets related to Discontinued Operations		—		57,745
Total	$	509,207	$	558,471
Intangible Assets, net and Goodwill
Tommy Bahama	$	111,964	$	112,480
Lilly Pulitzer		46,524		47,354
Ben Sherman		23,200		23,712
Lanier Clothes		—		—
Corporate and Other		—		—
Total	$	181,688	$	183,546

        Information for the net book value of our long-lived assets, including property and equipment, goodwill and intangible assets, by geographic area is presented below (in thousands):

	January 28, 2012		January 29, 2011
United States	$	244,803	$	239,041
United Kingdom		28,411		26,687
Other foreign		1,680		1,713
Total	$	274,894	$	267,441

        Information for the net sales recognized by geographic area is presented below (in thousands):

	Fiscal 2011		Fiscal 2010		Fiscal 2009
United States and Canada	$	693,969	$	541,750	$	508,917
United Kingdom and Europe		62,671		58,465		71,806
Other		2,273		3,732		4,583
Total	$	758,913	$	603,947	$	585,306