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Business Segment Information (Tables)
 12 Months Ended
Jan. 30, 2021
Segment Reporting [Abstract]  
Schedule of Business Segment Information

 

Fiscal 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

&

Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

Sales

 

$

1,227,954

 

 

$

305,941

 

 

$

152,941

 

 

$

101,287

 

 

$

—

 

 

$

1,788,123

 

Intercompany sales

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,593

)

 

 

—

 

 

 

(1,593

)

Net sales to external customers

 

$

1,227,954

 

 

$

305,941

 

 

$

152,941

 

 

$

99,694

 

 

$

—

 

 

$

1,786,530

 

Segment operating income (loss)

 

$

76,896

 

 

$

(11,602

)

 

$

(47,624

)

 

$

(5,430

)

 

$

(21,548

)

 

$

(9,308

)

Goodwill impairment(1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(79,259

)

 

 

(79,259

)

Asset impairments and other(2)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(18,682

)

 

 

(18,682

)

Operating income (loss)

 

 

76,896

 

 

 

(11,602

)

 

 

(47,624

)

 

 

(5,430

)

 

 

(119,489

)

 

 

(107,249

)

Other components of net periodic benefit income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

670

 

 

 

670

 

Interest expense

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(5,342

)

 

 

(5,342

)

Interest income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

252

 

 

 

252

 

Earnings (loss) from continuing operations before income taxes

 

$

76,896

 

 

$

(11,602

)

 

$

(47,624

)

 

$

(5,430

)

 

$

(123,909

)

 

$

(111,669

)

Total assets(3)

 

$

767,535

 

 

$

232,681

 

 

$

159,027

 

 

$

58,320

 

 

$

369,805

 

 

$

1,587,368

 

Depreciation and amortization

 

 

29,326

 

 

 

8,885

 

 

 

5,487

 

 

 

1,317

 

 

 

1,484

 

 

 

46,499

 

Capital expenditures

 

 

16,188

 

 

 

2,794

 

 

 

4,064

 

 

 

356

 

 

 

728

 

 

 

24,130

 

 

(1)

Goodwill impairment of $79.3 million is related to Schuh Group.

 

(2)

Asset Impairments and other includes a $13.8 million charge for retail store asset impairments, of which $7.0 million is in the Johnston & Murphy Group, $4.1 million is in the Journeys Group and $2.7 million is in the Schuh Group, and a $5.3 million charge for trademark impairment, partially offset by a $(0.4) million gain for the release of an earnout related to the Togast acquisition.

(3)

Of our $829.6 million of long-lived assets, $140.9 million and $35.1 million relate to long-lived assets in the United Kingdom and Canada, respectively.

Note 17

Business Segment Information, Continued

 

Fiscal 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

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 income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

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 retail store 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 our $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 17

Business Segment Information, Continued

 

Fiscal 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Journeys

Group

 

 

Schuh

Group

 

 

Johnston

& Murphy

Group

 

 

Licensed

Brands

 

 

Corporate

& Other

 

 

Consolidated

 

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 income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

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 retail store 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.