Segment Information (Tables)

3 Months Ended

Apr. 28, 2012

Sales and Division Results for Reportable Segments

Sales and division results for the Company’s reportable segments for the thirteen weeks ended April 28, 2012 and April 30, 2011 are presented below. Division profit reflects income before income taxes, corporate expense, net interest expense, and net non-operating income.

Sales

	Thirteen weeks ended
	April 28,		April 30,
(in millions)	2012		2011
Athletic Stores	$	1,437	$	1,331
Direct-to-Customers		141		121
Total sales	$	1,578	$	1,452

Operating Results

	Thirteen weeks ended
	April 28,		April 30,
(in millions)	2012		2011
Athletic Stores	$	207	$	162
Direct-to-Customers		18		13
Restructuring charge (1)		—		(1	)
Division profit		225		174
Less: Corporate expense, net		23		24
Operating profit		202		150
Interest expense, net		1		2
Other income (2)		—		1
Income before income taxes	$	201	$	149

(1)

During 2011, the Company increased its 1993 Repositioning and 1991 Restructuring reserve by $1 million for repairs necessary to one of the locations comprising this reserve. This amount is included in selling, general and administrative expenses in the Condensed Consolidated Statement of Operations.

(2)

Other income includes non-operating items, such as gains from insurance recoveries, gains on the repurchase and retirement of bonds, royalty income, the changes in fair value, premiums paid and realized gains associated with foreign currency option contracts. The amount for the thirteen weeks ended April 30, 2011 primarily represents a lease termination gain related to the sale of a leasehold interest in Europe and royalty income from the Company’s franchise operations.