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Segment Reporting (Tables) | 12 Months Ended
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Jan. 30, 2021
Segment Reporting [Abstract] |
Summary of Reportable Segment Information | Reportable segment information is presented in the following table:
(in thousands) | American Eagle |  |  | Aerie |  |  | Corporate(1) |  |  | Total(2) |
For the year ended January 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 2,733,849 |  |  | $ | 989,989 |  |  | $ | 35,275 |  |  | $ | 3,759,113 |
Operating income (Ioss) | $ | 93,029 |  |  | $ | 60,298 |  |  | $ | (409,772 | ) |  | $ | (271,345 | )
Impairment, restructuring and COVID-19 related charges | $ | 144,486 |  |  | $ | 52,849 |  |  | $ | 67,591 |  |  | $ | 279,826 |
Adjusted Operating income (loss) | $ | 237,515 |  |  | $ | 113,147 |  |  | $ | (342,181 | ) |  | $ | 8,481 |
Depreciation and amortization | $ | 63,019 |  |  | $ | 26,647 |  |  | $ | 72,736 |  |  | $ | 162,402 |
Capital Expenditures | $ | 36,606 |  |  | $ | 32,723 |  |  | $ | 58,646 |  |  | $ | 127,975 |
For the year ended February 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 3,479,592 |  |  | $ | 801,035 |  |  | $ | 27,585 |  |  | $ | 4,308,212 |
Operating Income (loss) | $ | 484,078 |  |  | $ | 47,465 |  |  | $ | (298,198 | ) |  | $ | 233,345 |
Impairment and restructuring charges | $ | 41,657 |  |  | $ | 20,261 |  |  | $ | 18,576 |  |  | $ | 80,494 |
Adjusted Operating Income (loss) | $ | 525,735 |  |  | $ | 67,726 |  |  | $ | (279,622 | ) |  | $ | 313,839 |
Depreciation and amortization | $ | 75,889 |  |  | $ | 22,578 |  |  | $ | 80,583 |  |  | $ | 179,050 |
Capital Expenditures | $ | 98,699 |  |  | $ | 56,283 |  |  | $ | 55,378 |  |  | $ | 210,360 |
For the year ended February 2, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 3,387,754 |  |  | $ | 627,846 |  |  | $ | 20,120 |  |  | $ | 4,035,720 |
Operating Income (loss) | $ | 583,977 |  |  | $ | 39,585 |  |  | $ | (286,433 | ) |  | $ | 337,129 |
Impairment and restructuring charges |  | - |  |  |  | - |  |  | $ | 1,568 |  |  | $ | 1,568 |
Adjusted Operating Income (loss) | $ | 583,977 |  |  | $ | 39,585 |  |  | $ | (284,865 | ) |  | $ | 338,697 |
Depreciation and amortization | $ | 76,084 |  |  | $ | 19,680 |  |  | $ | 72,567 |  |  | $ | 168,331 |
Capital Expenditures | $ | 96,696 |  |  | $ | 34,431 |  |  | $ | 57,894 |  |  | $ | 189,021 |
| (1) | Corporate includes revenue and operating results of the Todd Snyder brand, which is not material to disclose as a separate reportable segment. Corporate operating costs represents certain costs that are not directly attributable to another reportable segment
| (2) | The difference between Operating income (loss) and (Loss) income before taxes includes interest expense (income), net of $24.6 million in Fiscal 2020, ($6.2) million in Fiscal 2019 and ($3.5) million in Fiscal 2018 and other income, net of $3.7 million in Fiscal 2020, $5.7 million in Fiscal 2019 and $4.5 million in Fiscal 2018, which are not allocated to our reportable segments.
Summary of Geographical Information | The following tables present summarized geographical information.
|  | For the Years Ended |
|  | January 30, |  |  | February 1, |  |  | February 2, |
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Total net revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,295,028 |  |  | $ | 3,710,270 |  |  | $ | 3,511,265 |
Foreign (1) |  |  | 464,085 |  |  |  | 597,942 |  |  |  | 524,455 |
Total net revenue |  | $ | 3,759,113 |  |  | $ | 4,308,212 |  |  | $ | 4,035,720 |
| (1) | Amounts represent sales from American Eagle and Aerie international retail stores, and e-commerce sales that are billed to and/or shipped to foreign countries and international franchise royalty revenue.
|  | January 30, |  |  | February 1, |
(In thousands) |  | 2021 |  |  | 2020 |
Long-lived assets, net: |  |  |  |  |  |  |  |
United States |  | $ | 1,705,561 |  |  | $ | 2,032,280 |
Foreign |  |  | 144,544 |  |  |  | 174,760 |
Total long-lived assets, net |  | $ | 1,850,105 |  |  | $ | 2,207,040 |
Consolidated Percentage of Total Net Revenue from Operations Attributable to Each Merchandise Category | Through its portfolio of brands, the Company offers on-trend clothing, accessories, and personal care products (collectively “merchandise”). The following table sets forth the approximate consolidated percentage of total net revenue from operations attributable to each merchandise category:
|  | For the Years Ended |
|  | January 30, |  |  | February 1, |  |  | February 2, |
Total Revenue (in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
American Eagle merchandise |  |  | 2,733,849 |  |  |  | 3,479,592 |  |  |  | 3,387,754 |
Aerie merchandise |  |  | 989,989 |  |  |  | 801,035 |  |  |  | 627,846 |
Total merchandise(1) |  | $ | 3,723,838 |  |  | $ | 4,280,627 |  |  | $ | 4,015,600 |
As a percentage of total revenue |  |  |  |  |  |  |  |  |  |  |  |
American Eagle merchandise |  |  | 73 | % |  |  | 81 | % |  |  | 84 | %
Aerie merchandise |  |  | 26 | % |  |  | 19 | % |  |  | 16 | %
Total merchandise(1) |  |  | 99 | % |  |  | 100 | % |  |  | 100 | %
(1) Total does not include Todd Snyder merchandise as it is not material

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