Operating Group Information (Tables)

12 Months Ended

Feb. 01, 2020

Operating Groups

Schedule of financial information by operating group

The tables below present certain financial information (in thousands) about our operating groups, as well as Corporate and Other.

	Fiscal		Fiscal		Fiscal
	2019		2018		2017
Net sales
Tommy Bahama	$	676,652	$	675,358	$	686,021
Lilly Pulitzer		284,700		272,299		248,931
Lanier Apparel		97,251		100,471		106,852
Southern Tide		46,409		45,248		40,940
Corporate and Other		17,778		14,090		3,467
Consolidated net sales	$	1,122,790	$	1,107,466	$	1,086,211
Depreciation and amortization
Tommy Bahama	$	27,852	$	29,549	$	30,998
Lilly Pulitzer		10,106		10,605		9,021
Lanier Apparel		574		567		583
Southern Tide		549		528		441
Corporate and Other		1,206		1,241		1,359
Consolidated depreciation and amortization	$	40,287	$	42,490	$	42,402
Operating income (loss)
Tommy Bahama	$	53,207	$	53,139	$	55,002
Lilly Pulitzer		51,795		47,239		46,608
Lanier Apparel		1,465		5,057		6,546
Southern Tide		5,554		5,663		4,504
Corporate and Other		(18,346)		(20,506)		(26,660)
Consolidated operating income		93,675		90,592		86,000
Interest expense, net		1,245		2,283		3,109
Earnings before income taxes	$	92,430	$	88,309	$	82,891

(1) Corporate and Other included a LIFO accounting charge of $1 million, $1 million and $8 million in Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively.

	Fiscal 2019		Fiscal 2018		Fiscal 2017
Purchases of Property and Equipment
Tommy Bahama	$	31,272	$	25,111	$	24,962
Lilly Pulitzer		4,273		10,777		11,150
Lanier Apparel		571		99		305
Southern Tide		289		149		1,138
Corporate and Other		1,016		907		1,193
Purchases of Property and Equipment	$	37,421	$	37,043	$	38,748

	February 1,		February 2,
	2020		2019
Total Assets
Tommy Bahama (1)	$	668,197	$	439,353
Lilly Pulitzer (1)		199,913		152,113
Lanier Apparel (1)		43,533		54,369
Southern Tide (1)		99,667		97,939
Corporate and Other (2)		22,059		(16,520)
Total Assets	$	1,033,369	$	727,254

(1) The increase in total assets for Tommy Bahama, Lilly Pulitzer and Southern Tide were primarily a result of the recognition of operating lease assets in Fiscal 2019 due to the adoption of the revised lease accounting guidance, while the decrease in Lanier Apparel was primarily due to lower inventories and receivables partially offset by operating lease assets.

(2) Total assets for Corporate and Other include LIFO reserves of $63 million and $62 million as of February 1, 2020 and February 2, 2019, respectively. The change in total assets for Corporate and Other from February 2, 2019 was primarily due to the increased cash as of February 1, 2020.

Schedule of net book value of property and equipment by geographic area

Net book value of our property and equipment and net sales by geographic area are presented in the tables below (in thousands). The other foreign amounts primarily relate to our Tommy Bahama operations in Canada, Australia and Japan.

	February 1,		February 2,
	2020		2019
Net Book Value of Property and Equipment
United States	$	187,032	$	186,426
Other foreign		4,485		6,150
	$	191,517	$	192,576

Schedule of net sales by geographic area

	Fiscal 2019		Fiscal 2018		Fiscal 2017
Net Sales
United States	$	1,086,170	$	1,067,235	$	1,048,619
Other foreign		36,620		40,231		37,592
	$	1,122,790	$	1,107,466	$	1,086,211

Schedule of net sales by operating group

The tables below quantify, for each operating group and in total, the amount of net sales by distribution channel (in thousands) and as a percentage of net sales for each period presented.

	Fiscal 2019
	Net Sales		Retail		E‑commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	676,652	48	%	20	%	12	%	20	%	—	%
Lilly Pulitzer		284,700	41	%	38	%	—	%	21	%	—	%
Lanier Apparel		97,251	—	%	1	%	—	%	99	%	—	%
Southern Tide		46,409	—	%	21	%	—	%	79	%	—	%
Corporate and Other		17,778	—	%	60	%	—	%	32	%	8	%
Consolidated net sales	$	1,122,790	39	%	23	%	8	%	30	%	—	%

	Fiscal 2018
	Net Sales		Retail		E‑commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	675,358	48	%	18	%	13	%	21	%	—	%
Lilly Pulitzer		272,299	42	%	36	%	—	%	22	%	—	%
Lanier Apparel		100,471	—	%	—	%	—	%	100	%	—	%
Southern Tide		45,248	—	%	18	%	—	%	82	%	—	%
Corporate and Other		14,090	—	%	54	%	—	%	30	%	16	%
Consolidated net sales	$	1,107,466	40	%	21	%	8	%	31	%	—	%

	Fiscal 2017
	Net Sales		Retail		E‑commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	686,021	49	%	16	%	12	%	23	%	—	%
Lilly Pulitzer		248,931	38	%	34	%	—	%	28	%	—	%
Lanier Apparel		106,852	—	%	—	%	—	%	100	%	—	%
Southern Tide		40,940	—	%	19	%	—	%	81	%	—	%
Corporate and Other		3,467	—	%	23	%	—	%	16	%	61	%
Consolidated net sales	$	1,086,211	39	%	19	%	8	%	34	%	—	%