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Business Segments
9 Months Ended
Oct. 31, 2015
Segment Reporting [Abstract]  
Business Segments
Business Segments
 
The Company operates in two reportable segments:  the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”).
 
For the Company’s retail operations, 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 tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: 
(in thousands of dollars)

Retail
Operations

Construction

Consolidated
Three Months Ended October 31, 2015:
 
 

 
 


 

Net sales from external customers
 
$
1,381,821

 
$
52,833


$
1,434,654

Gross profit
 
520,033

 
1,701


521,734

Depreciation and amortization
 
65,437

 
163


65,600

Interest and debt expense (income), net
 
14,887

 
(15
)

14,872

Income before income taxes and income on and equity in earnings of joint ventures
 
69,734

 
609


70,343

Income on and equity in earnings of joint ventures
 
371

 


371

Total assets
 
4,319,946

 
60,240


4,380,186

 
 
 
 
 
 
 
Three Months Ended November 1, 2014:
 
 
 
 



Net sales from external customers
 
$
1,422,359

 
$
37,422


$
1,459,781

Gross profit
 
533,679

 
1,659


535,338

Depreciation and amortization
 
62,639

 
75


62,714

Interest and debt expense (income), net
 
14,606

 
(8
)

14,598

Income before income taxes and income on and equity in earnings of joint ventures
 
84,332

 
941


85,273

Income on and equity in earnings of joint ventures
 
27

 
41


68

Total assets
 
4,314,799

 
42,269


4,357,068

 
 
 
 
 
 
 
Nine Months Ended October 31, 2015:
 
 
 
 



Net sales from external customers
 
$
4,367,890

 
$
154,035


$
4,521,925

Gross profit
 
1,622,672

 
5,583


1,628,255

Depreciation and amortization
 
186,915

 
338


187,253

Interest and debt expense (income), net
 
44,908

 
(44
)

44,864

Income before income taxes and income on and equity in earnings of joint ventures
 
280,934

 
2,057


282,991

Income on and equity in earnings of joint ventures
 
934

 


934

Total assets
 
4,319,946

 
60,240


4,380,186

 
 
 
 
 
 
 
Nine Months Ended November 1, 2014:
 
 
 
 



Net sales from external customers
 
$
4,422,686

 
$
62,893


$
4,485,579

Gross profit
 
1,642,370

 
3,273


1,645,643

Depreciation and amortization
 
186,507

 
224


186,731

Interest and debt expense (income), net
 
45,672

 
(30
)

45,642

Income (loss) before income taxes and income on and equity in earnings of joint ventures
 
311,320

 
(518
)

310,802

Income on and equity in earnings of joint ventures
 
480

 
41


521

Total assets
 
4,314,799

 
42,269


4,357,068


 
Intersegment construction revenues of $22.9 million and $65.4 million for the three and nine months ended October 31, 2015, respectively, and intersegment construction revenues of $23.3 million and $67.1 million for the three and nine months ended November 1, 2014, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods.