BUSINESS SEGMENTS (Tables)

9 Months Ended

May 01, 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				39-Week Period Ended
(in thousands)	May 1, 2021		May 2, 2020		May 1, 2021		May 2, 2020
Net sales:
Wholesale(1)	$	6,359,810	$	6,749,984	$	19,399,868	$	19,024,209
Retail	578,246		636,887		1,794,028		1,690,742
Other	54,808		58,359		165,848		164,511
Eliminations	(373,022)		(413,512)		(1,179,162)		(1,119,750)
Total Net sales	$	6,619,842	$	7,031,718	$	20,180,582	$	19,759,712
Continuing Operations Adjusted EBITDA:
Wholesale	$	161,073	$	199,884	$	470,802	$	408,650
Retail	21,547		36,931		71,159		58,921
Other	85		(17,247)		(3,610)		(4,419)
Eliminations	(5,375)		53		(1,429)		547
Adjustments:
Net income attributable to noncontrolling interests	1,394		2,238		4,366		3,407
Total other expense, net	(25,383)		(32,669)		(108,828)		(114,933)
Depreciation and amortization	(66,365)		(69,642)		(210,088)		(214,002)
Share-based compensation	(11,668)		(12,992)		(38,490)		(22,051)
Restructuring, acquisition and integration related expenses	(9,867)		(14,557)		(44,078)		(65,751)
Goodwill and asset impairment charges	—		—		—		(425,405)
Gain (loss) on sale of assets	25		(351)		(144)		(785)
Notes receivable charges	—		—		—		(12,516)
Legal reserve charge	—		—		—		(1,196)
Other retail expense	(355)		—		(3,358)		—
Income (loss) from continuing operations before income taxes	$	65,111	$	91,648	$	136,302	$	(389,533)
Depreciation and amortization:
Wholesale	$	58,136	$	66,754	$	184,723	$	200,515
Retail	6,776		611		20,928		2,912
Other	1,453		2,277		4,437		10,575
Total depreciation and amortization	$	66,365	$	69,642	$	210,088	$	214,002
Capital expenditures:
Wholesale	$	66,282	$	33,456	$	150,155	$	119,085
Retail	7,512		2,131		14,822		7,426
Other	147		88		480		292
Total capital expenditures	$	73,941	$	35,675	$	165,457	$	126,803

(1)As presented in Note 3—Revenue Recognition, for the third quarters of fiscal 2021 and 2020, the Company recorded $323.5 million and $352.8 million, respectively, and $1,026.4 million and $958.6 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)	May 1, 2021		August 1, 2020
Assets:
Wholesale	$	6,580,627	$	6,588,836
Retail	560,725		542,470
Other	436,251		501,468
Eliminations	(63,108)		(54,784)
Total assets of continuing operations	$	7,514,495	$	7,577,990