Revenue Recognition (Tables)

6 Months Ended

Aug. 03, 2019

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of disaggregation of revenue

The following table depicts the disaggregation of revenue by major source (in thousands):

	For the Three Months Ended				For the Six Months Ended
	August 3, 2019		August 4, 2018		August 3, 2019		August 4, 2018
Net sales:
Men's tailored clothing product	$	332,476	$	356,504	$	675,431	$	712,241
Men's non-tailored clothing product		228,761		229,105		457,743		464,711
Women's clothing product		16,964		17,447		36,178		37,029
Other (1)		2,699		2,732		6,327		5,451
Total retail clothing product		580,900		605,788		1,175,679		1,219,432
Rental services		120,329		125,095		214,069		225,322
Alteration services		34,916		37,031		71,059		75,452
Retail dry cleaning services (2)		—		—		—		2,551
Total alteration and other services		34,916		37,031		71,059		78,003
Total retail sales		736,145		767,914		1,460,807		1,522,757
Corporate apparel clothing product		53,343		55,516		110,068		118,637
Total net sales	$	789,488	$	823,430	$	1,570,875	$	1,641,394

(1) Other consists of franchise and licensing revenues and gift card breakage.  Franchise revenues are generally recognized at a point in time while licensing revenues consist primarily of minimum guaranteed royalty amounts recognized over an elapsed time period.

(2) On March 3, 2018, we completed the divestiture of our MW Cleaners business.  Please see Note 2 for additional information.

Schedule of opening and closing balance of contract liabilities

The following table summarizes the opening and closing balances of our contract liabilities (in thousands):

	Balance at		Increase		Balance at
	February 2, 2019		(Decrease)		August 3, 2019
Contract liabilities	$	122,828	$	20,442	$	143,270

	Balance at		Increase		Balance at
	February 3, 2018		(Decrease)		August 4, 2018
	As Adjusted
Contract liabilities	$	141,552	$	21,858	$	163,410

Cumulative adjustment upon ASC 606 adoption (see Note 5)

Revenue, Initial Application Period Cumulative Effect Transition [Line Items]

Schedule of cumulative effect of changes in adoption of ASU 606

The following table depicts the cumulative effect of the changes made to our February 3, 2018 balance sheet for the adoption of ASC 606 (in thousands):

	Reported				Adjusted
	Balance at		Impact of		Balance at
	February 3,		Adoption of		February 3,
	2018		ASC 606		2018
Assets:
Accounts receivable, net	$	79,783	$	(303)	$	79,480
Inventories		851,931		(17,837)		834,094
Other current assets		78,252		2,753		81,005
Liabilities:
Accrued expenses and other current liabilities		285,537		32,378		317,915
Deferred taxes, net and other liabilities		164,191		(11,941)		152,250
Equity:
Accumulated deficit		(479,166)		(35,824)		(514,990)