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Business Segment Information
 12 Months Ended
Feb. 01, 2020
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

The accounting policies of the segments are the same as those described in the summary of significant accounting policies.

Our reportable segments are based on management's organization of the segments in order to make operating decisions and assess performance along types of products sold. Journeys Group and Schuh Group sell primarily branded products from other companies while Johnston & Murphy Group and Licensed Brands sell primarily our owned and licensed brands.

Corporate assets include cash, domestic prepaid rent expense, prepaid income taxes, pension asset, deferred income taxes, deferred note expense on revolver debt and corporate fixed assets, including the former Lids Sports Group headquarters building in Fiscal 2019 and Fiscal 2018, and miscellaneous investments. We do not allocate certain costs to each segment in order to make decisions and assess performance. These costs include corporate overhead, bank fees, interest expense, interest income, asset impairment charges and other, including a pension settlement charge, major litigation and major lease terminations.
Fiscal 2020
 
 
 
 
 
 
 
 
 
 
 
 
Journeys Group
 
Schuh Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated

(In thousands)
 
 
 
 
 
Sales
$
1,460,253

 
$
373,930

 
$
300,850

 
$
61,859

 
$
174

 
$
2,197,066

Intercompany sales
—


—

 
—

 
—

 
—

 
—

Net sales to external customers
$
1,460,253

 
$
373,930

 
$
300,850

 
$
61,859

 
$
174

 
$
2,197,066

Segment operating income (loss)
$
114,945

 
$
4,659

 
$
17,702

 
$
(698
)
 
$
(39,916
)
 
$
96,692

Asset impairments and other(1)
—

 
—

 
—

 
—

 
(13,374
)
 
(13,374
)
Operating income
114,945

 
4,659

 
17,702

 
(698
)
 
(53,290
)
 
83,318

Other components of net periodic benefit cost
—

 
—

 
—

 
—

 
395

 
395

Interest expense
—

 
—

 
—

 
—

 
(3,339
)
 
(3,339
)
Interest income
—

 
—

 
—

 
—

 
2,061

 
2,061

Earnings from continuing
operations before income taxes
$
114,945

 
$
4,659

 
$
17,702

 
$
(698
)
 
$
(54,173
)
 
$
82,435

 
 
 
 
 
 
 
 
 
 
 
 
Total assets(2)
$
908,312

 
$
363,205

 
$
197,670

 
$
63,385

 
$
147,906

 
$
1,680,478

Depreciation and amortization
29,122

 
11,466

 
6,091

 
660

 
2,235

 
49,574

Capital expenditures
17,920

 
4,890

 
5,540

 
428

 
989

 
29,767


(1)Asset Impairments and other includes an $11.5 million pension settlement expense and a $3.1 million charge for asset impairments, of which $1.2 million is in the Johnston & Murphy Group, $1.2 million is in the Schuh Group and $0.7 million is in the Journeys Group, partially offset by a $(0.6) million gain on the sale of the Lids Sports Group headquarters building, a $(0.4) million gain for lease terminations and a $(0.2) million gain related to Hurricane Maria.

(2)Of the Company's $973.4 million of long-lived assets, $174.4 million and $46.2 million relate to long-lived assets in the United Kingdom and Canada, respectively.






Note 15
Business Segment Information, Continued

Fiscal 2019
 
 
 
 
 
 
 
 
 
 
 
 
Journeys Group
 
Schuh Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
(In thousands)
 
 
 
 
 
Sales
$
1,419,993

 
$
382,591

 
$
313,134

 
$
72,576

 
$
271

 
$
2,188,565

Intercompany sales
—

 
—

 
—

 
(12
)
 
—

 
(12
)
Net sales to external customers
$
1,419,993

 
$
382,591

 
$
313,134

 
$
72,564

 
$
271

 
$
2,188,553

Segment operating income (loss)
$
100,799

 
$
3,765

 
$
20,385

 
$
(488
)
 
$
(39,481
)
 
$
84,980

Asset impairments and other(1)
—

 
—

 
—

 
—

 
(3,163
)
 
(3,163
)
Operating income
100,799

 
3,765

 
20,385

 
(488
)
 
(42,644
)
 
81,817

Loss on early retirement of debt
—

 
—

 
—

 
—

 
(597
)
 
(597
)
Other components of net periodic benefit cost
—

 
—

 
—

 
—

 
380

 
380

Interest expense
—

 
—

 
—

 
—

 
(4,115
)
 
(4,115
)
Interest income
—

 
—

 
—

 
—

 
774

 
774

Earnings from continuing
operations before income taxes
$
100,799

 
$
3,765

 
$
20,385

 
$
(488
)
 
$
(46,202
)
 
$
78,259

Total assets(2)
$
425,842

 
$
211,983

 
$
128,525

 
$
24,004

 
$
390,727

 
$
1,181,081

Depreciation and amortization(3)
28,121

 
14,193

 
6,517

 
637

 
2,693

 
52,161

Capital expenditures(4)
26,114

 
7,226

 
6,526

 
162

 
1,752

 
41,780


(1)Asset Impairments and other includes a $4.2 million charge for asset impairments, of which $2.4 million is in the Schuh Group, $1.6 million is in the Journeys Group and $0.2 million is in the Johnston & Murphy Group, a $0.3 million charge for legal and other matters and a $0.1 million charge for hurricane losses, partially offset by a $(1.4) million gain related to Hurricane Maria.

(2) Of our $277.4 million of long-lived assets, $44.6 million and $12.8 million relate to long-lived assets in the United Kingdom and Canada, respectively.

(3)Excludes $24.8 million of depreciation and amortization related to Lids Sports Group. This amount is included in depreciation and amortization in our Consolidated Statements of Cash Flows as we did not segregate cash flows related to discontinued operations.

(4)Excludes $15.4 million of capital expenditures related to Lids Sports Group. This amount is included in capital expenditures in our Consolidated Statements of Cash Flows as we did not segregate cash flows related to discontinued operations.


Note 15
Business Segment Information, Continued
Fiscal 2018
 
 
 
 
 
 
 
 
 
 
 
 
Journeys Group
 
Schuh Group
 
Johnston
& Murphy
Group
 
Licensed
Brands
 
Corporate
& Other
 
Consolidated
(In thousands)
 
 
 
 
 
Sales
$
1,329,460

 
$
403,698

 
$
304,160

 
$
89,812

 
$
420

 
$
2,127,550

Intercompany sales
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Net sales to external customers
$
1,329,460

 
$
403,698

 
$
304,160

 
$
89,809

 
$
420

 
$
2,127,547

Segment operating income (loss)
$
74,114

 
$
20,104

 
$
19,367

 
$
(299
)
 
$
(31,141
)
 
$
82,145

Asset impairments and other(1)
—

 
—

 
—

 
—

 
(7,773
)
 
(7,773
)
Operating income
74,114

 
20,104

 
19,367

 
(299
)
 
(38,914
)
 
74,372

Other components of net periodic benefit cost
—

 
—

 
—

 
—

 
29

 
29

Interest expense
—

 
—

 
—

 
—

 
(5,420
)
 
(5,420
)
Interest income
—

 
—

 
—

 
—

 
8

 
8

Earnings from continuing
operations before income taxes
$
74,114

 
$
20,104

 
$
19,367

 
$
(299
)
 
$
(44,297
)
 
$
68,989

Total assets ongoing operations
$
443,066

 
$
239,479

 
$
127,178

 
$
32,331

 
$
156,919

 
$
998,973

Assets from discontinued operations
 
 
 
 
 
 
 
 
 
 
316,380

Total assets(2)
 
 
 
 
 
 
 
 
 
 
1,315,353

Depreciation and amortization(3)
26,490

 
13,769

 
6,418

 
688

 
4,168

 
51,533

Capital expenditures(4)
79,532

 
10,968

 
6,163

 
421

 
1,525

 
98,609


(1)Asset Impairments and other includes a $5.2 million charge for a licensing termination expense related to Licensed Brands Group and a $1.7 million charge for asset impairments, of which $1.0 million is in the Schuh Group and $0.7 million is in the Journeys Group, and a $0.9 million charge for hurricane losses.

(2)Total assets for the Schuh Group and Journeys Group include $89.9 million and $10.4 million of goodwill, respectively. Goodwill for Schuh Group and Journeys Group increased $10.1 million and $0.6 million, respectively, from January 28, 2017 due to foreign currency translation adjustments. Of our $298.5 million of long-lived assets, $55.2 million and $14.8 million relate to long-lived assets in the United Kingdom and Canada, respectively.

(3)Excludes $26.8 million of depreciation and amortization related to Lids Sports Group. This amount is included in depreciation and amortization in our Consolidated Statements of Cash Flows as we did not segregate cash flows related to discontinued operations.

(4)Excludes $29.2 million of capital expenditures related to Lids Sports Group. This amount is included in capital expenditures in our Consolidated Statements of Cash Flows as we did not segregate cash flows related to discontinued operations.