Segment Reporting

3 Months Ended

Apr. 28, 2012

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

We have two reportable segments: Stores and Direct Marketing. The Stores segment includes all Company-owned stores excluding Outlet and Factory stores (“Full-line Stores”). The Direct Marketing segment includes our catalog call center and Internet operations. While each segment offers a similar mix of men’s clothing to the retail customer, the Stores segment also provides complete alterations, while the Direct Marketing segment provides certain limited alterations.

The accounting policies of the segments are the same as those described in the summary of significant policies. We evaluate performance of the segments based on “four wall” contribution, which excludes any allocation of overhead from the corporate office and the distribution centers (except order fulfillment costs, which are allocated to Direct Marketing), interest and income taxes.

Our segments are strategic business units that offer similar products to the retail customer by two distinctively different methods. In the Stores segment, a typical customer travels to the store and purchases our merchandise and/or alterations and takes their purchases with them. The Direct Marketing customer receives a catalog in his or her home and/or office and/or visits our Internet web sites and places an order by phone, mail, fax or online. The merchandise is then shipped to the customer.

Segment data is presented in the following tables:

Three months ended April 28, 2012

	Stores		Direct Marketing		Corporate and Other			Total
	(In thousands)
Net sales (a)	$	174,763	$	18,545	$	8,046		$	201,354
Depreciation and amortization	5,535		174		1,111			6,820
Operating income (loss) (b)	36,137		6,187		(17,916		)	24,408
Capital expenditures (c)	4,639		57		1,241			5,937

Three months ended April 30, 2011

	Stores		Direct Marketing		Corporate and Other			Total
	(In thousands)
Net sales (a)	$	169,855	$	18,724	$	4,691		$	193,270
Depreciation and amortization	5,212		177		857			6,246
Operating income (loss) (b)	38,769		7,541		(17,273		)	29,037
Capital expenditures (c)	4,931		8		653			5,592

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(a) Stores net sales represent all Full-line Store sales. Direct Marketing net sales represent catalog call center and Internet sales. Net sales from operating segments below the GAAP quantitative thresholds are attributable primarily to our two other operating segments -- Outlet and Factory stores and Franchise stores. These operating segments have never met any of the quantitative thresholds for determining reportable segments and are included in “Corporate and Other.”

(b) Operating income (loss) for the Stores and Direct Marketing segments represents profit before allocations of overhead from the corporate office and the distribution centers, interest and income taxes (“four wall” contribution). Total Company shipping costs to customers of approximately $2.9 million and $2.8 million for the first quarter of fiscal years 2011 and 2012, respectively, were recorded to “Sales and marketing, including occupancy costs” in the Condensed Consolidated Statements of Income. Operating income (loss) for “Corporate and Other” consists primarily of costs included in general and administrative costs and operating income or loss related to the Outlet and Factory stores and the Franchise stores operating segments. Total operating income represents profit before interest and income taxes.

(c) Capital expenditures include payments for property, plant and equipment made for the reportable segment.