Operating Group Information (Tables)

3 Months Ended

May 02, 2020

Operating Groups

Schedule of financial information by operating group

The table below presents certain financial information (in thousands) about our operating groups, as well as Corporate and Other. 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 2019.

	First Quarter
	Fiscal 2020		Fiscal 2019
Net sales
Tommy Bahama	$	86,984	$	164,730
Lilly Pulitzer		49,149		72,595
Lanier Apparel		10,725		26,154
Southern Tide		8,301		14,134
Corporate and Other		5,184		4,360
Consolidated net sales	$	160,343	$	281,973
Depreciation and amortization
Tommy Bahama	$	7,800	$	6,840
Lilly Pulitzer		2,316		2,683
Lanier Apparel		102		140
Southern Tide		144		134
Corporate and Other		331		340
Consolidated depreciation and amortization	$	10,693	$	10,137
Operating income (loss)
Tommy Bahama	$	(23,362)	$	15,192
Lilly Pulitzer		4,146		15,252
Lanier Apparel		(2,637)		1,367
Southern Tide		(63,366)		2,517
Corporate and Other		(270)		(4,586)
Consolidated operating (loss) income	$	(85,489)	$	29,742
Interest expense, net		658		671
(Loss) earnings before income taxes	$	(86,147)	$	29,071

	May 2, 2020		February 1, 2020		May 4, 2019
Assets
Tommy Bahama (1)	$	650,057	$	668,197	$	677,402
Lilly Pulitzer (2)		202,983		199,913		216,635
Lanier Apparel (3)		39,283		43,533		49,232
Southern Tide (4)		37,513		99,667		99,740
Corporate and Other (5)		167,634		22,059		(18,584)
Consolidated Total Assets	$	1,097,470	$	1,033,369	$	1,024,425

(1) Decrease in total assets from February 1, 2020 and May 4, 2019 was primarily due to lower operating lease assets and receivables partially offset by increased inventories.

(2) Increase in total assets from February 1, 2020 was primarily due to increased inventories partially offset by decreases in various other asset categories. Decrease in total assets from May 4, 2019 was primarily due to lower receivables, operating lease assets and fixed assets partially offset by increased inventories.

(3) Decrease in total assets from February 1, 2020 and May 4, 2019 was primarily due to lower receivables and inventories.

(4) Decrease in total assets from February 1, 2020 and May 4, 2019 was primarily due to the $60 million impairment charge for goodwill and intangible assets.

(5) Increase in total assets from February 1, 2020 and May 4, 2019 was primarily due to increased cash and cash equivalents as well as increased non-current income tax receivables.

Schedule of net sales by operating group

The tables below quantify, for each operating group and in total, the amount of net sales (in thousands) and net sales by distribution channel as a percentage of net sales for each period presented.

	First Quarter Fiscal 2020
	Net Sales		Retail		E-commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	86,984	39	%	28	%	13	%	20	%	—	%
Lilly Pulitzer		49,149	24	%	50	%	—	%	26	%	—	%
Lanier Apparel		10,725	—	%	—	%	—	%	100	%	—	%
Southern Tide		8,301	—	%	21	%	—	%	79	%	—	%
Corporate and Other		5,184	—	%	63	%	—	%	32	%	5	%
Total	$	160,343	28	%	34	%	7	%	31	%	—	%

	First Quarter Fiscal 2019
	Net Sales		Retail		E-commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	164,730	47	%	15	%	14	%	24	%	—	%
Lilly Pulitzer		72,595	42	%	25	%	—	%	33	%	—	%
Lanier Apparel		26,154	—	%	—	%	—	%	100	%	—	%
Southern Tide		14,134	—	%	13	%	—	%	87	%	—	%
Corporate and Other		4,360	—	%	60	%	—	%	32	%	8	%
Total	$	281,973	38	%	17	%	9	%	36	%	—	%