Revenue Recognition (Tables)

3 Months Ended

May 02, 2020

Revenue Recognition

Schedule of disaggregation of revenue

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

	For the Three Months Ended
	May 2, 2020		May 4, 2019
Net sales:
Men's tailored clothing product	$	139,925	$	342,955
Men's non-tailored clothing product		100,115		228,982
Women's clothing product		7,184		19,214
Other (1)		1,918		3,628
Total retail clothing product		249,142		594,779
Rental services		22,253		93,740
Alteration and other services		15,308		36,143
Total net sales	$	286,703	$	724,662

(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.  As a result of the sale of the Joseph Abboud trademarks (see Note 2), licensing revenue will no longer be recognized.

Additional net sales information is as follows (in thousands):

	For the Three Months Ended
	May 2, 2020		May 4, 2019
Net sales:
Men's Wearhouse(1)	$	166,438	$	427,772
Jos. A. Bank		71,634		166,886
K&G		33,287		87,697
Moores		15,344		42,307
Total net sales	$	286,703	$	724,662

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

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 1, 2020		(Decrease)		May 2, 2020
Contract liabilities	$	121,535	$	(8)	$	121,527

	Balance at		Increase		Balance at
	February 2, 2019		(Decrease)		May 4, 2019
Contract liabilities	$	121,796	$	40,771	$	162,567