Operating Group Information (Tables)

9 Months Ended

Oct. 31, 2020

Operating Group Information

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 Fiscal 2019 Form 10-K.

	Third Quarter				First Nine Months
	Fiscal 2020		Fiscal 2019		Fiscal 2020		Fiscal 2019
Net sales
Tommy Bahama	$	94,905	$	127,023	$	277,143	$	480,623
Lilly Pulitzer		53,714		71,659		176,723		219,809
Lanier Apparel		10,810		28,758		29,985		75,378
Southern Tide		10,023		9,102		27,136		35,704
Corporate and Other		5,683		4,679		16,479		13,680
Consolidated net sales	$	175,135	$	241,221	$	527,466	$	825,194
Depreciation and amortization
Tommy Bahama	$	7,179	$	7,073	$	24,173	$	20,820
Lilly Pulitzer		2,254		2,554		7,585		7,618
Lanier Apparel		629		108		978		313
Southern Tide		174		135		487		404
Corporate and Other		336		323		1,000		1,024
Consolidated depreciation and amortization	$	10,572	$	10,193	$	34,223	$	30,179
Operating income (loss)
Tommy Bahama	$	(7,212)	$	(7,739)	$	(43,286)	$	30,671
Lilly Pulitzer		5,266		10,988		25,676		46,689
Lanier Apparel		(12,500)		1,971		(21,271)		3,738
Southern Tide		(464)		526		(64,809)		4,877
Corporate and Other		1,192		(3,152)		(3,534)		(13,380)
Consolidated operating (loss) income		(13,718)		2,594	$	(107,224)	$	72,595
Interest expense, net		339		81		1,673		1,171
(Loss) earnings before income taxes	$	(14,057)	$	2,513	$	(108,897)	$	71,424

	October 31, 2020		February 1, 2020		November 2, 2019
Assets
Tommy Bahama (1)	$	616,049	$	668,197	$	673,788
Lilly Pulitzer (2)		182,020		199,913		192,448
Lanier Apparel (3)		20,783		43,533		52,378
Southern Tide (4)		30,172		99,667		94,876
Corporate and Other (5)		52,993		22,059		(406)
Consolidated Total Assets	$	902,017	$	1,033,369	$	1,013,084

(1) Decrease in Tommy Bahama total assets from February 1, 2020 and November 2, 2019 was primarily due to lower operating lease assets, fixed assets and receivables.

(2) Decrease in Lilly Pulitzer total assets from February 1, 2020 and November 2, 2019 was primarily due to lower operating lease assets and fixed assets.

(3) Decrease in Lanier Apparel total assets from February 1, 2020 and November 2, 2019 was primarily due to lower receivables and inventories.

(4) Decrease in Southern Tide total assets from February 1, 2020 and November 2, 2019 was primarily due to the $60 million impairment charge for goodwill and intangible assets in the First Quarter of Fiscal 2020, as well as lower inventories.

(5) Increase in Corporate and Other total assets from February 1, 2020 was primarily due to increased non-current income tax receivables and inventories. Increase in Corporate and Other total assets from November 2, 2019 was primarily due to increased cash and cash equivalents, non-current income tax receivables and inventories.

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.

	Third Quarter Fiscal 2020
	Net Sales		Retail		E-commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	94,905	37	%	27	%	13	%	23	%	—	%
Lilly Pulitzer		53,714	22	%	66	%	—	%	12	%	—	%
Lanier Apparel		10,810	—	%	—	%	—	%	100	%	—	%
Southern Tide		10,023	4	%	24	%	—	%	72	%	—	%
Corporate and Other		5,683	—	%	54	%	—	%	44	%	2	%
Total	$	175,135	27	%	38	%	7	%	28	%	—	%

	Third Quarter Fiscal 2019
	Net Sales		Retail		E-commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	127,023	46	%	14	%	14	%	26	%	—	%
Lilly Pulitzer		71,659	35	%	55	%	—	%	10	%	—	%
Lanier Apparel		28,758	—	%	—	%	—	%	100	%	—	%
Southern Tide		9,102	—	%	19	%	—	%	81	%	—	%
Corporate and Other		4,679	—	%	55	%	—	%	39	%	6	%
Total	$	241,221	35	%	26	%	7	%	32	%	—	%

	First Nine Months Fiscal 2020
	Net Sales		Retail		E‑commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	277,143	36	%	34	%	12	%	18	%	—	%
Lilly Pulitzer		176,723	19	%	64	%	—	%	17	%	—	%
Lanier Apparel		29,985	—	%	—	%	—	%	100	%	—	%
Southern Tide		27,136	3	%	29	%	—	%	68	%	—	%
Corporate and Other		16,479	—	%	65	%	—	%	31	%	4	%
Consolidated net sales	$	527,466	26	%	43	%	6	%	25	%	—	%

	First Nine Months Fiscal 2019
	Net Sales		Retail		E‑commerce		Restaurant		Wholesale		Other
Tommy Bahama	$	480,623	48	%	18	%	13	%	21	%	—	%
Lilly Pulitzer		219,809	43	%	36	%	—	%	21	%	—	%
Lanier Apparel		75,378	—	%	—	%	—	%	100	%	—	%
Southern Tide		35,704	—	%	18	%	—	%	82	%	—	%
Corporate and Other		13,680	—	%	59	%	—	%	34	%	7	%
Consolidated net sales	$	825,194	39	%	22	%	8	%	31	%	—	%