XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Business Segments | 6 Months Ended
--- | ---
Aug. 03, 2024
Segment Reporting [Abstract] |
Business Segments | Note 3. Business Segments The Company operates in two reportable segments: the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”). For the Company’s retail operations segment, the Company determined its operating segments on a store by store basis. Each store’s operating performance has been aggregated into one reportable segment for financial reporting purposes because stores are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard’s name where each store offers the same general mix of merchandise with similar categories and similar customers. The Company believes that disaggregating its retail operations segment would not provide meaningful additional information. The following table summarizes the percentage of net sales by segment and major product line: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | August 3, | ​ | July 29, | ​ | August 3, | ​ | July 29, | ​
​ | ​ | 2024 |  | 2023 | ​ | 2024 |  | 2023 |
Retail operations segment: | ​ |  | ​ |  | ​ |  | ​ |  |
Cosmetics |  | 15 | % | 14 | % | 15 | % | 14 | %
Ladies’ apparel |  | 22 |  | 22 |  | 23 |  | 23 | ​
Ladies’ accessories and lingerie |  | 14 |  | 14 |  | 13 |  | 13 | ​
Juniors’ and children’s apparel |  | 8 |  | 8 |  | 9 |  | 9 | ​
Men’s apparel and accessories |  | 20 |  | 21 |  | 19 |  | 19 | ​
Shoes |  | 14 |  | 14 |  | 14 |  | 15 | ​
Home and furniture |  | 3 |  | 3 |  | 3 |  | 3 | ​
​ |  | 96 |  | 96 |  | 96 |  | 96 | ​
Construction segment |  | 4 |  | 4 |  | 4 |  | 4 | ​
Total |  | 100 | % | 100 | % | 100 | % | 100 | %
​ The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Retail |  | ​ | ​ |  | ​ | ​
(in thousands of dollars) | ​ | Operations | ​ | Construction | ​ | Consolidated
Three Months Ended August 3, 2024 |  | ​ |  |  | ​ |  |  | ​ |
Net sales from external customers | ​ | $ | 1,426,431 | ​ | $ | 63,507 | ​ | $ | 1,489,938
Gross margin | ​ |  | 557,198 | ​ |  | 2,409 | ​ |  | 559,607
Depreciation and amortization | ​ |  | 46,213 | ​ |  | 163 | ​ |  | 46,376
Interest and debt (income) expense, net | ​ |  | (3,718) | ​ |  | (216) | ​ |  | (3,934)
Income (loss) before income taxes | ​ |  | 97,477 | ​ |  | (364) | ​ |  | 97,113
Total assets | ​ |  | 3,584,664 | ​ |  | 77,198 | ​ |  | 3,661,862
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended July 29, 2023 | ​ |  |  | ​ |  |  | ​ |  |
Net sales from external customers | ​ | $ | 1,498,532 | ​ | $ | 68,845 | ​ | $ | 1,567,377
Gross margin | ​ |  | 605,623 | ​ |  | 2,919 | ​ |  | 608,542
Depreciation and amortization | ​ |  | 44,751 | ​ |  | 67 | ​ |  | 44,818
Interest and debt expense (income), net | ​ |  | 275 | ​ |  | (143) | ​ |  | 132
Income before income taxes | ​ |  | 170,618 | ​ |  | 973 | ​ |  | 171,591
Total assets | ​ |  | 3,443,882 | ​ |  | 68,480 | ​ |  | 3,512,362
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended August 3, 2024 | ​ |  |  | ​ |  |  | ​ |  |
Net sales from external customers | ​ | $ | 2,919,074 | ​ | $ | 119,915 | ​ | $ | 3,038,989
Gross margin | ​ |  | 1,246,383 | ​ |  | 4,450 | ​ |  | 1,250,833
Depreciation and amortization | ​ |  | 92,264 | ​ |  | 231 | ​ |  | 92,495
Interest and debt (income) expense, net | ​ |  | (7,006) | ​ |  | (460) | ​ |  | (7,466)
Income (loss) before income taxes | ​ |  | 332,684 | ​ |  | (763) | ​ |  | 331,921
Total assets | ​ |  | 3,584,664 | ​ |  | 77,198 | ​ |  | 3,661,862
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended July 29, 2023 | ​ |  |  | ​ |  |  | ​ |  |
Net sales from external customers | ​ | $ | 3,013,465 | ​ | $ | 137,860 | ​ | $ | 3,151,325
Gross margin | ​ |  | 1,296,012 | ​ |  | 5,217 | ​ |  | 1,301,229
Depreciation and amortization | ​ |  | 90,438 | ​ |  | 127 | ​ |  | 90,565
Interest and debt expense (income), net | ​ |  | 503 | ​ |  | (248) | ​ |  | 255
Income before income taxes | ​ |  | 433,441 | ​ |  | 1,265 | ​ |  | 434,706
Total assets | ​ |  | 3,443,882 | ​ |  | 68,480 | ​ |  | 3,512,362
​ Intersegment construction revenues of $7.3 million and $10.1 million for the three months ended August 3, 2024 and July 29, 2023, respectively, and $16.7 million and $20.5 million for the six months ended August 3, 2024 and July 29, 2023, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods. The retail operations segment gives rise to contract liabilities through the customer loyalty program associated with Dillard’s private label cards and through the issuances of gift cards. The customer loyalty program liability and a portion of the gift card liability are included in trade accounts payable and accrued expenses, and a portion of the gift card liability is included in other liabilities on the condensed consolidated balance sheets. Our retail operations segment contract liabilities are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | August 3, | ​ | February 3, | ​ | July 29, | ​ | January 28, |
(in thousands of dollars) |  | 2024 |  | 2024 |  | 2023 |  | 2023 | ​
Contract liabilities | ​ | $ | 70,207 | ​ | $ | 85,227 | ​ | $ | 73,399 | ​ | $ | 83,909 | ​
​ During the six months ended August 3, 2024 and July 29, 2023, the Company recorded $38.1 million and $36.7 million, respectively, in revenue that was previously included in the retail operations contract liability balances of $85.2 million and $83.9 million at February 3, 2024 and January 28, 2023, respectively. Construction contracts give rise to accounts receivable, contract assets and contract liabilities. We record accounts receivable based on amounts expected to be collected from customers. We also record costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) and billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) in other current assets and trade accounts payable and accrued expenses, respectively, in the condensed consolidated balance sheets. The amounts included in the condensed consolidated balance sheets are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | August 3, | ​ | February 3, | ​ | July 29, | ​ | January 28, |
(in thousands of dollars) | ​ | 2024 | ​ | 2024 | ​ | 2023 | ​ | 2023 | ​
Accounts receivable | ​ | $ | 53,548 | ​ | $ | 47,240 | ​ | $ | 48,429 | ​ | $ | 44,286 | ​
Costs and estimated earnings in excess of billings on uncompleted contracts | ​ |  | 3,685 | ​ |  | 1,695 | ​ |  | 4,189 | ​ |  | 798 | ​
Billings in excess of costs and estimated earnings on uncompleted contracts | ​ |  | 9,543 | ​ |  | 6,307 | ​ |  | 10,001 | ​ |  | 10,909 | ​
​ During the six months ended August 3, 2024 and July 29, 2023, the Company recorded $5.4 million and $10.1 million, respectively, in revenue that was previously included in billings in excess of costs and estimated earnings on uncompleted contracts of $6.3 million and $10.9 million at February 3, 2024 and January 28, 2023, respectively. The remaining performance obligations related to executed construction contracts totaled $234.0 million, $163.7 million and $210.5 million at August 3, 2024, February 3, 2024 and July 29, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration