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Segment Reporting (Tables)

6 Months Ended

Aug. 03, 2019

SEGMENT REPORTING

Net sales by brand and reportable segment

Additional net sales information is as follows (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 Wearhouse⁽¹⁾		$	423,504		$	445,197		$	851,276		$	893,006
Jos. A. Bank			166,065			172,427			332,951			341,503
K&G			82,689			83,645			170,386			172,925
Moores			63,887			66,645			106,194			112,772
MW Cleaners⁽²⁾			—			—			—			2,551
Total retail segment			736,145			767,914			1,460,807			1,522,757
Total corporate apparel segment			53,343			55,516			110,068			118,637
Total net sales		$	789,488		$	823,430		$	1,570,875		$	1,641,394

(1)	Consists of Men's Wearhouse, Men's Wearhouse and Tux and Joseph Abboud.

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

Operating income (loss) by reportable segment, shared service expense, and the reconciliation to earnings before income taxes

Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes is as follows (in thousands):


		For the Three Months Ended						For the Six Months Ended
		August 3, 2019			August 4, 2018			August 3, 2019			August 4, 2018
Operating income:
Retail		$	109,347		$	134,142		$	187,538		$	232,863
Corporate apparel			1,147			1,169			1,727			2,752
Shared service expense			(49,904)			(47,325)			(98,373)			(94,732)
Operating income			60,590			87,986			90,892			140,883
Interest income			157			122			253			207
Interest expense			(18,258)			(20,864)			(36,921)			(42,845)
Loss on extinguishment of debt, net			—			(8,122)			—			(20,833)
Earnings before income taxes		$	42,489		$	59,122		$	54,224		$	77,412

Total assets by reportable segment and shared services

Total assets by reportable segment and shared services are as follows (in thousands):


		August 3,			August 4,			February 2,
		2019			2018			2019
Segment assets:
Retail		$	2,182,982		$	1,344,618		$	1,375,902
Corporate apparel			167,705			186,285			175,488
Shared services ⁽¹⁾			324,011			297,928			269,100
Total assets ⁽²⁾		$	2,674,698		$	1,828,831		$	1,820,490

(1)	Shared service assets consist primarily of cash and cash equivalents, assets related to our distribution network and tax-related assets.

(2)	The increase in total assets, as of August 3, 2019, is related to the recognition of operating lease right-of-use assets resulting from the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information.