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Segment Reporting (Tables) | 12 Months Ended
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Jan. 29, 2022
Segment Reporting [Abstract] |
Summary of Reportable Segment Information | Reportable segment information is presented in the following table:
(in thousands) | American Eagle |  |  | Aerie |  |  | Corporate and Other(1) |  |  | Total(2) |
For the year ended January 29, 2022 |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 3,555,706 |  |  | $ | 1,376,269 |  |  | $ | 78,810 |  |  | $ | 5,010,785 |
Operating income (Ioss) | $ | 785,729 |  |  | $ | 212,287 |  |  | $ | (406,951 | ) |  | $ | 591,065 |
Asset Impairment | $ | 10,231 |  |  | $ | 1,713 |  |  | $ | - |  |  | $ | 11,944 |
Adjusted operating income (loss) | $ | 795,960 |  |  | $ | 214,000 |  |  | $ | (406,951 | ) |  | $ | 603,009 |
Depreciation and Amortization | $ | 59,641 |  |  | $ | 33,834 |  |  | $ | 73,306 |  |  | $ | 166,781 |
Capital expenditures | $ | 47,106 |  |  | $ | 80,062 |  |  | $ | 106,679 |  |  | $ | 233,847 |
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 |  |  | $ | (424,672 | ) |  | $ | (271,345 | )
Impairment, restructuring and COVID-19 related charges | $ | 144,486 |  |  | $ | 52,849 |  |  | $ | 82,491 |  |  | $ | 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 |
(1) Corporate and Other includes revenue and operating results of the Todd Snyder brand, Unsubscribed brand, and Supply Chain Platform, which have been identified as separate operating segments, but 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, which are not allocated to our reportable segments: - For Fiscal 2021: interest expense (income), net of $34.6 million and other income, net of $2.5 million - For Fiscal 2020: interest expense (income), net of $24.6 million and other income, net of $3.7 million - For Fiscal 2019: interest expense (income), net of ($6.2) million and other income, net of $5.7 million
Summary of Geographical Information | The following tables present summarized geographical information.
|  | For the Years Ended |
|  | January 29, |  |  | January 30, |  |  | February 1, |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Total net revenue: |  |  |  |  |  |  |  |  |
United States |  | $ | 4,336,806 |  |  | $ | 3,295,028 |  |  | $ | 3,710,270 |
Foreign (1) |  |  | 673,979 |  |  |  | 464,085 |  |  |  | 597,942 |
Total net revenue |  | $ | 5,010,785 |  |  | $ | 3,759,113 |  |  | $ | 4,308,212 |
(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 29, |  |  | January 30, |
(In thousands) |  | 2022 |  |  | 2021 |
Long-lived assets, net: |  |  |  |  |  |
United States |  | $ | 2,137,835 |  |  | $ | 1,705,561 |
Foreign |  |  | 157,575 |  |  |  | 144,544 |
Total long-lived assets, net |  | $ | 2,295,410 |  |  | $ | 1,850,105 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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