Operating Groups

12 Months Ended

Feb. 02, 2013

Operating Groups

Operating Groups

Note 10. Operating Groups

        Our business is primarily operated through our four operating groups: Tommy Bahama, Lilly Pulitzer, Lanier Clothes and Ben Sherman. 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. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across the brand's direct to consumer, wholesale and licensing operations.

        Tommy Bahama designs, sources, markets and distributes 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 owned Tommy Bahama stores within and outside the United States and on our Tommy Bahama e-commerce website, tommybahama.com, as well as in better department stores and independent specialty stores throughout the United States and licensed Tommy Bahama stores in Canada and the United Arab Emirates. We also operate Tommy Bahama restaurants and license the Tommy Bahama name for various product categories.

        Lilly Pulitzer designs, sources and distributes upscale collections of women's and girl's dresses, sportswear and related 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 and on our Lilly Pulitzer website, lillypulitzer.com, as well as in better department and independent specialty stores. We also license the Lilly Pulitzer 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. Substantially all of our Lanier Clothes branded products are sold under certain trademarks licensed to us by third parties. Licensed brands included Kenneth Cole, Dockers, Geoffrey Beene and Ike Behar. Additionally, we design and market products for our owned Billy London, Arnold Brant and Oxford Republic brands. In addition to the branded businesses, Lanier Clothes designs and sources private label tailored clothing products for certain customers. Our Lanier Clothes products are sold to national chains, department stores, specialty stores, specialty catalog retailers and discount retailers throughout the United States.

        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 shirt brand that was adopted by the "Mods" 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 better 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.

        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. 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 operations that are included in Corporate and Other include our Oxford Golf business and our Lyons, Georgia distribution center.

        The tables below present certain information about our operating groups (in thousands):

	Fiscal 2012			Fiscal 2011			Fiscal 2010
Net Sales
Tommy Bahama	$	528,639		$	452,156		$	398,510
Lilly Pulitzer		122,592			94,495			5,959
Lanier Clothes		107,272			108,771			103,733
Ben Sherman		81,922			91,435			86,920
Corporate and Other		15,117			12,056			8,825
Total	$	855,542		$	758,913		$	603,947
Depreciation and Amortization of Intangible Assets
Tommy Bahama	$	18,551		$	19,460		$	14,120
Lilly Pulitzer		2,402			2,002			163
Lanier Clothes		421			427			462
Ben Sherman		2,889			2,638			2,829
Corporate and Other		2,072			2,627			1,615
Total	$	26,335		$	27,154		$	19,189
Operating Income (Loss)
Tommy Bahama	$	69,454		$	64,171		$	51,081
Lilly Pulitzer		20,267			14,278			(372	)
Lanier Clothes		10,840			12,862			14,316
Ben Sherman		(10,898	)		(2,535	)		(2,664	)
Corporate and Other		(20,692	)		(19,969	)		(21,699	)
Total Operating Income		68,971			68,807			40,662
Interest expense, net		8,939			16,266			19,887
Loss on repurchase of senior notes		9,143			9,017			—
Earnings From Continuing Operations Before Income Taxes	$	50,889		$	43,524		$	20,775

	Fiscal 2012		Fiscal 2011		Fiscal 2010
Purchases of Property and Equipment
Tommy Bahama	$	46,392	$	24,686	$	11,225
Lilly Pulitzer		4,576		3,228		277
Lanier Clothes		593		85		30
Ben Sherman		3,997		4,220		963
Corporate and Other		5,144		3,091		833
Total	$	60,702	$	35,310	$	13,328

	February 2, 2013		January 28, 2012
Total Assets
Tommy Bahama	$	359,462	$	306,772
Lilly Pulitzer		90,873		82,417
Lanier Clothes		28,455		30,755
Ben Sherman		74,055		78,040
Corporate and Other		3,225		11,223
Total	$	556,070	$	509,207

        Net book value of our property and equipment, by geographic area is presented below (in thousands):

	February 2, 2013		January 28, 2012
North America	$	115,022	$	86,315
United Kingdom and Europe		8,140		5,211
Other foreign		5,720		1,680
Total	$	128,882	$	93,206

        Net sales recognized by geographic area is presented below (in thousands):

	Fiscal 2012		Fiscal 2011		Fiscal 2010
North America	$	794,672	$	693,969	$	541,750
United Kingdom and Europe		51,536		62,671		58,465
Other foreign		9,334		2,273		3,732
Total	$	855,542	$	758,913	$	603,947