Segment Reporting (Tables)

6 Months Ended

Jul. 31, 2021

Reconcile Segment Operating Performance Measure Operating Income (Loss)

Our CEO analyzes segment results and allocates resources based on adjusted operating income (loss). Adjusted operating income (loss) is defined as operating income (loss) excluding impairment, restructuring and COVID-19 related charges. Adjusted operating income (loss) may not be comparable to similarly titled measures of other companies. Adjusted operating income (loss) on a consolidated basis is presented in the following table to reconcile the segment operating performance measure to operating income (loss) as presented on the Consolidated Financial Statements.

(in thousands)	American Eagle			Aerie		Corporate⁽¹⁾			Total⁽²⁾
13 weeks ended July 31, 2021
Total net revenue	$	845,882		$	335,795	$	12,479		$	1,194,156
Operating income (loss)	$	198,896		$	70,646	$	(101,546	)	$	167,996

Capital Expenditures	$	17,189		$	16,641	$	15,569		$	49,399


13 weeks ended August 1, 2020
Total net revenue	$	624,831		$	251,511	$	7,168		$	883,510

Operating income (loss)	$	59,603		$	30,404	$	(102,244	)	$	(12,237	)
Impairment, restructuring, and COVID-19 related charges		-			-		14,611			14,611
Adjusted operating income (loss)	$	59,603		$	30,404	$	(87,633	)	$	2,374

Capital Expenditures	$	6,774		$	8,620	$	12,098		$	27,492


26 weeks ended July 31, 2021
Total net revenue	$	1,573,584		$	633,282	$	21,903		$	2,228,769

Operating income (loss)	$	350,128		$	140,624	$	(189,328	)	$	301,424

Capital Expenditures	$	30,628		$	27,460	$	28,117		$	86,205

26 weeks ended August 1, 2020
Total net revenue	$	1,015,081		$	406,492	$	13,629		$	1,435,202

Operating income (loss)	$	(154,146	)	$	11,275	$	(227,607	)	$	(370,478	)
Impairment, restructuring, and COVID-19 related charges		90,926			18,215		61,090			170,231
Adjusted operating income (loss)	$	(63,220	)	$	29,490	$	(166,517	)	$	(200,247	)

Capital Expenditures	$	14,873		$	17,408	$	29,121		$	61,402

(1)

Corporate includes revenue and operating results of the Todd Snyder and Unsubscribed brands, which are not material to disclose as separate reportable segments. Corporate operating costs represents certain costs that are not directly attributable to another reportable segment.

(2)

The difference between Operating income (loss) and Income (loss) before income taxes includes the following items, which are not allocated to our reportable segments:
- For the 13 weeks ended July 31, 2021, interest expense, net of $8.9 million and other (income) expense, net of ($1.4) million. For the 26 weeks ended July 31, 2021, interest expense, net of $17.4 million and other (income) expense, net of ($3.2) million.
- For the 13 weeks ended August 1, 2020, interest expense, net of $8.5 million and other (income) expense, net of ($1.6) million. For the 26 weeks ended August 1, 2020, interest expense, net of $8.7 million and other (income) expense, net of $1.4 million.

Summary of Geographical Information

The following table present summarized geographical information:

	13 Weeks Ended				26 Weeks Ended
(In thousands)	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
Total net revenue:
United States	$	1,030,308	$	780,028	$	1,939,966	$	1,268,904
Foreign ⁽¹⁾		163,848		103,482		288,803		166,298
Total net revenue	$	1,194,156	$	883,510	$	2,228,769	$	1,435,202

(1)

Amounts represent sales from American Eagle and Aerie international retail stores, e-commerce sales that are billed and/or shipped to foreign countries and international license royalty revenue.