XML 71 R48.htm IDEA: XBRL DOCUMENT v3.21.1
SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Segment information          
Impairment of Long-Lived Assets Held-for-use $ 598 $ 4,731 [1] $ 38,527 $ 6,039 $ 6,096
Percentage of entity-wide sales qualifying purchaser as major customer (as a percent)     10.00%    
Net sales:          
Revenue from Contract with Customer, Including Assessed Tax 472,897 513,019 [1] $ 1,522,598 1,870,667 1,938,084
Gross Profit:          
Gross Profit 139,779 166,358 [1] 333,251 655,305 683,596
Operating income (loss):          
Total operating income (loss) 14,389 29,533 [1] $ (199,915) $ 96,358 $ 111,328
Operating income (loss) as a percent of net sales:          
Total operating income (loss) (as a percent)     (13.10%) 5.20% 5.70%
Depreciation and amortization:          
Total depreciation and amortization 16,000 18,911 [1] $ 66,405 $ 74,788 $ 68,884
Capital expenditures:          
Total capital expenditures     30,585 57,502 71,114
Business Exit Costs   0 0 0 (1,055)
Total assets:          
Total assets 1,140,127 1,181,397 1,140,127 1,181,397  
Geographic Areas, Long-Lived Assets [Abstract]          
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile [2] 547,465 718,576 547,465 718,576  
The Children's Place U.S.          
Net sales:          
Revenue from Contract with Customer, Including Assessed Tax       1,671,165 1,727,907
Operating income (loss):          
Total operating income (loss)     $ (196,565) $ 77,989 $ 86,983 [3]
Operating income (loss) as a percent of net sales:          
Total operating income (loss) (as a percent)     (14.30%) 4.70% 5.00%
Depreciation and amortization:          
Total depreciation and amortization     $ 61,074 $ 67,416 $ 61,487
Capital expenditures:          
Total capital expenditures     29,955 56,598 67,476
Total assets:          
Total assets 1,054,339 1,080,665 1,054,339 1,080,665  
Geographic Areas, Long-Lived Assets [Abstract]          
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile [2] 521,304 673,432 521,304 673,432  
The Children's Place Canada [Member]          
Net sales:          
Revenue from Contract with Customer, Including Assessed Tax [4]     150,519 199,502  
Operating income (loss):          
Total operating income (loss)     $ (3,350) $ 18,369 $ 24,345
Operating income (loss) as a percent of net sales:          
Total operating income (loss) (as a percent)     (2.20%) 9.20% 11.60%
Depreciation and amortization:          
Total depreciation and amortization     $ 5,331 $ 7,372 $ 7,397
Capital expenditures:          
Total capital expenditures     630 904 $ 3,638
Total assets:          
Total assets 85,788 100,732 85,788 100,732  
Geographic Areas, Long-Lived Assets [Abstract]          
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile [2] 25,355 44,236 25,355 44,236  
The Children's Place Asia [Member] [Member]          
Geographic Areas, Long-Lived Assets [Abstract]          
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile [2] $ 806 $ 908 $ 806 $ 908  
[1]
Fiscal Year Ended February 1, 2020
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands, except earnings per share)
Net sales$412,382 $420,470 $524,796 $513,019 
Gross profit151,976 138,846 198,125 166,358 
Selling, general, and administrative expenses128,006 116,417 120,514 113,183 
Asset impairment charges348 121 839 4,731 
Other (income) costs— — — — 
Depreciation and amortization18,584 18,472 18,821 18,911 
Operating income 5,038 3,836 57,951 29,533 
Income before provision for income taxes3,327 1,558 55,796 27,736 
Provision (benefit) for income taxes(1,163)35 12,748 3,497 
Net income $4,490 $1,523 $43,048 $24,239 
Diluted earnings per share$0.28 $0.10 $2.77 $1.61 
Diluted weighted average common shares outstanding16,107 15,859 15,546 15,101 
Cash dividends declared and paid per common share$0.56 $0.56 $0.56 $0.56 
[2] raphic Information
    The Company’s long-lived assets are located in the following countries:
January 30,
2021
February 1,
2020
(In thousands)
Long-lived assets(1):
United States$521,304 $673,432 
Canada25,355 44,236 
Asia806 908 
Total long-lived assets$547,465 $718,576 
____________________________________________
(1)The Company’s long-lived assets are comprised of net property and equipment, ROU assets, tradenames, and other assets.
[3]  
[4] Net sales from The Children’s Place International are primarily derived from revenues from Canadian operations.