SEGMENT INFORMATION

3 Months Ended

Apr. 29, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

In accordance with FASB ASC 280---Segment Reporting, the Company reports segment data based on geography: The Children’s Place U.S. and The Children’s Place International.  Each segment includes an e-commerce business located at www.childrensplace.com.  Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico based stores and revenue from the Company's U.S. based wholesale business. Included in The Children's Place International segment are the Company's Canadian based stores, revenue from the Company's Canadian wholesale business and revenue from international franchisees. The Company measures its segment profitability based on operating income, defined as income before interest and taxes.  Net sales and direct costs are recorded by each segment.  Certain inventory procurement functions such as production and design as well as corporate overhead, including executive management, finance, real estate, human resources, legal, and information technology services are managed by The Children’s Place U.S. segment.  Expenses related to these functions, including depreciation and amortization, are allocated to The Children’s Place International segment based primarily on net sales.  The assets related to these functions are not allocated.  The Company periodically reviews these allocations and adjusts them based upon changes in business circumstances.  Net sales to external customers are derived from merchandise sales and the Company has no major customers that account for more than 10% of its net sales.  As of April 29, 2017, The Children’s Place U.S. operated 904 stores and The Children’s Place International operated 129 stores. As of April 30, 2016, The Children’s Place U.S. operated 934 stores and The Children’s Place International operated 130 stores.

The following tables provide segment level financial information:

	Thirteen Weeks Ended
	April 29, 2017			April 30, 2016
	(In thousands)
Net sales:
The Children’s Place U.S.	$	394,763		$	375,107
The Children’s Place International (1)	41,913			44,244
Total net sales	$	436,676		$	419,351
Operating income:
The Children’s Place U.S. (2)	$	38,740		$	34,154
The Children’s Place International	3,544			5,456
Total operating income	$	42,284		$	39,610
Operating income as a percent of net sales:
The Children’s Place U.S.	9.8		%	9.1		%
The Children’s Place International	8.5		%	12.3		%
Total operating income	9.7		%	9.4		%
Depreciation and amortization:
The Children’s Place U.S.	$	13,963		$	14,643
The Children’s Place International	1,729			1,818
Total depreciation and amortization	$	15,692		$	16,461
Capital expenditures:
The Children’s Place U.S.	$	13,100		$	6,804
The Children’s Place International	192			280
Total capital expenditures	$	13,292		$	7,084

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⁽¹⁾  Net sales from The Children's Place International are primarily derived from revenues from Canadian operations.

⁽²⁾  Includes costs incurred related to a provision for a legal settlement of $5.0 million, asset impairment charges of $0.5 million and costs arising out of the restructuring of certain store and corporate operations of approximately $0.6 million for the First Quarter 2017.

	April 29, 2017		January 28, 2017		April 30, 2016
Total assets:	(In thousands)
The Children’s Place U.S.	$	711,257	$	735,953	$	710,666
The Children’s Place International	160,999		174,546		158,550
Total assets	$	872,256	$	910,499	$	869,216