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Business Segments
12 Months Ended
Jan. 31, 2015
Segment Reporting [Abstract]  
Business Segments
Business Segments
The Company operates in two reportable segments: the operation of retail department stores and a general contracting construction company.
For the Company's retail operations reportable segment, the Company determined its operating segments on a store by store basis. Each store's operating performance has been aggregated into one reportable segment. The Company's operating segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard's name where each store offers the same general mix of merchandise with similar categories and similar customers. The Company believes that disaggregating its operating segments would not provide meaningful additional information.
The following table summarizes the percentage of net sales by segment and major product line:
 
Percentage of Net Sales
 
Fiscal 2014
 
Fiscal 2013
 
Fiscal 2012
Retail operations segment:
 
 
 
 
 
Cosmetics
14
%
 
15
%
 
15
%
Ladies' apparel
22

 
22

 
22

Ladies' accessories and lingerie
16

 
16

 
15

Juniors' and children's apparel
9

 
8

 
8

Men's apparel and accessories
17

 
17

 
17

Shoes
16

 
16

 
16

Home and furniture
4

 
5

 
5

 
98

 
99

 
98

Construction segment
2

 
1

 
2

Total
100
%
 
100
%
 
100
%

The following tables summarize certain segment information, including the reconciliation of those items to the Company's consolidated operations.
(in thousands of dollars)
Retail Operations
 
Fiscal 2014
Construction
 
Consolidated
Net sales from external customers
$
6,490,387

 
$
130,667

 
$
6,621,054

Gross profit
2,342,109

 
6,340

 
2,348,449

Depreciation and amortization
250,371

 
312

 
250,683

Interest and debt expense (income), net
61,352

 
(46
)
 
61,306

Income before income taxes and income on and equity in losses of joint ventures
508,730

 
2,038

 
510,768

Income on and equity in losses of joint ventures
565

 

 
565

Total assets
4,111,744

 
58,327

 
4,170,071

 
(in thousands of dollars)
Retail Operations
 
Fiscal 2013
Construction
 
Consolidated
Net sales from external customers
$
6,439,304

 
$
92,343

 
$
6,531,647

Gross profit
2,301,271

 
6,661

 
2,307,932

Depreciation and amortization
255,240

 
250

 
255,490

Interest and debt expense (income), net
64,572

 
(67
)
 
64,505

Income before income taxes and income on and equity in losses of joint ventures
494,452

 
1,772

 
496,224

Income on and equity in losses of joint ventures
847

 

 
847

Total assets
4,011,771

 
38,968

 
4,050,739

(in thousands of dollars)
Retail Operations
 
Fiscal 2012
Construction
 
Consolidated
Net sales from external customers
$
6,489,366

 
$
103,803

 
$
6,593,169

Gross profit
2,340,754

 
5,307

 
2,346,061

Depreciation and amortization
259,414

 
207

 
259,621

Interest and debt expense (income), net
69,719

 
(123
)
 
69,596

Income before income taxes and income on and equity in losses of joint ventures
479,181

 
569

 
479,750

Income on and equity in losses of joint ventures
1,272

 

 
1,272

Total assets
4,011,835

 
36,909

 
4,048,744


Intersegment construction revenues of $82.5 million, $35.0 million and $32.4 million were eliminated during consolidation and have been excluded from net sales for fiscal years 2014, 2013 and 2012, respectively.