Operating Group Information:

3 Months Ended

May 05, 2018

Operating Group Information: Our business is primarily operated through our Tommy Bahama, Lilly Pulitzer, Lanier Apparel and Southern Tide operating groups. We identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across each brand's direct to consumer, wholesale and licensing operations, as applicable.

Tommy Bahama, Lilly Pulitzer and Southern Tide each design, source, market and distribute apparel and related products bearing their respective trademarks and license their trademarks for other product categories, while Lanier Apparel designs, sources and distributes branded and private label men's tailored clothing, sportswear and other products. Corporate and Other is a reconciling category for reporting purposes and includes our corporate offices, substantially all financing activities, elimination of inter-segment sales, LIFO accounting adjustments for inventory, other costs that are not allocated to the operating groups and operations of our other businesses which are not included in our operating groups. Corporate and Other includes the operations of our Lyons, Georgia distribution center and The Beaufort Bonnet Company, which we refer to as TBBC, which we acquired in December 2017. Our LIFO inventory pool does not correspond to our operating group definitions; therefore, LIFO inventory accounting adjustments are not allocated to our operating groups. For a more extensive description of our operating groups, see Part I, Item 1. Business included in our Annual Report on Form 10-K for Fiscal 2017. The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other.



	First Quarter Fiscal 2018			First Quarter Fiscal 2017
Net sales
Tommy Bahama	$	167,132		$	172,496
Lilly Pulitzer	68,627			63,343
Lanier Apparel	19,909			23,356
Southern Tide	13,472			12,642
Corporate and Other	3,488			526
Total net sales	$	272,628		$	272,363
Depreciation and amortization
Tommy Bahama	$	7,066		$	7,574
Lilly Pulitzer	2,479			1,995
Lanier Apparel	141			148
Southern Tide	125			106
Corporate and Other	315			367
Total depreciation and amortization	$	10,126		$	10,190
Operating income (loss)
Tommy Bahama	$	14,303		$	16,038
Lilly Pulitzer	15,826			17,687
Lanier Apparel	362			858
Southern Tide	2,487			2,104
Corporate and Other	(4,605		)	(6,728		)
Total operating income	$	28,373		$	29,959
Interest expense, net	781			930
Earnings before income taxes	$	27,592		$	29,029