BUSINESS SEGMENTS (Tables)

6 Months Ended

Jan. 30, 2021

Schedule of business segment information

The following table provides continuing operations net sales and Adjusted EBITDA by reportable segment and reconciles that information to Income (loss) from continuing operations before income taxes:


	13-Week Period Ended				26-Week Period Ended
(in thousands)	January 30, 2021		February 1, 2020		January 30, 2021		February 1, 2020
Net sales:
Wholesale(1)	$	6,608,775	$	6,206,918	$	13,040,058	$	12,274,225
Retail	620,871		538,629		1,215,782		1,053,855
Other	55,428		41,073		111,040		106,152
Eliminations	(396,941)		(355,238)		(806,140)		(706,238)
Total Net sales	$	6,888,133	$	6,431,382	$	13,560,740	$	12,727,994
Continuing Operations Adjusted EBITDA:
Wholesale	$	186,768	$	102,454	$	309,729	$	208,766
Retail	25,330		11,428		49,612		21,990
Other	(7,845)		14,425		(3,695)		12,828
Eliminations	(1,778)		(665)		3,946		494
Adjustments:
Net income attributable to noncontrolling interests	1,605		650		2,972		1,169
Total other expense, net	(32,143)		(44,339)		(83,445)		(82,264)
Depreciation and amortization	(66,534)		(69,219)		(143,723)		(144,360)
Share-based compensation	(12,673)		(5,134)		(26,822)		(9,059)
Restructuring, acquisition and integration related expenses	(17,783)		(36,522)		(34,211)		(51,194)
Goodwill and asset impairment charges	—		—		—		(425,405)
Loss on sale of assets	(399)		(524)		(169)		(434)
Notes receivable charges	—		—		—		(12,516)
Legal settlement income (reserve charge)	—		654		—		(1,196)
Other retail expense	(1,394)		—		(3,003)		—
Income (loss) from continuing operations before income taxes	$	73,154	$	(26,792)	$	71,191	$	(481,181)
Depreciation and amortization:
Wholesale	$	58,766	$	65,768	$	126,587	$	133,761
Retail	6,764		843		14,152		2,301
Other	1,004		2,608		2,984		8,298
Total depreciation and amortization	$	66,534	$	69,219	$	143,723	$	144,360
Capital expenditures:
Wholesale	$	45,882	$	43,370	$	83,873	$	85,629
Retail	4,109		2,619		7,310		5,295
Other	145		91		333		204
Total capital expenditures	$	50,136	$	46,080	$	91,516	$	91,128

(1)As presented in Note 3—Revenue Recognition, for the second quarters of fiscal 2021 and 2020, the Company recorded $345.3 million and $308.1 million, respectively, and $702.9 million and $605.8 million in fiscal 2021 and 2020 year-to-date, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. Refer to Note 3—Revenue Recognition for additional information regarding Wholesale sales to discontinued operations.

Total assets of continuing operations by reportable segment were as follows:


(in thousands)	January 30, 2021		August 1, 2020
Assets:
Wholesale	$	6,454,162	$	6,588,836
Retail	565,252		542,470
Other	521,752		501,468
Eliminations	(57,133)		(54,784)
Total assets of continuing operations	$	7,484,033	$	7,577,990