XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Reporting | 6 Months Ended
--- | ---
Jul. 30, 2022
Segment Reporting [Abstract] |
Segment Reporting | 12. Segment Reporting In accordance with ASC 280, Segment Reporting (“ASC 280”), the Company has identified two operating segments (American Eagle brand and Aerie brand) that also represent our reportable segments and reflect the Chief Operating Decision Maker’s (defined as our CEO) internal view of analyzing results and allocating resources. Additionally, our Todd Snyder brand, Unsubscribed brand, and Quiet Platforms have been identified as separate operating segments; however, as they do not meet the quantitative thresholds for separate disclosure, they have been included in the Corporate and Other category, as permitted by ASC 280. Our CEO analyzes segment results and allocates resources between segments based on the adjusted operating income (loss), or the operating income (loss) in periods where there are no adjustments, of each segment. Adjusted operating income (loss) is a non-GAAP financial measure ("non-GAAP" or "adjusted") that is defined by the Company as operating income excluding impairment, restructuring and COVID-19 related charges. Adjusted operating income (loss) is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similar measures presented by other companies. Non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. We believe that this non-GAAP information is useful as an additional means for investors to evaluate our operating performance, when reviewed in conjunction with our GAAP consolidated financial statements and provides a higher degree of transparency. These amounts are not determined in accordance with GAAP and, therefore, should not be used exclusively in evaluating our business and operations. There were no adjustments to operating income in either the 13 or 26 weeks ended July 30, 2022 or July 31, 2021 for any segment, therefore adjusted operating income (loss) is not presented in the table below. Reportable segment information is presented in the following table:
(in thousands) | American Eagle |  |  | Aerie |  |  | Corporate and Other(1) |  |  | Total(2) |
13 weeks ended July 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 777,828 |  |  | $ | 371,683 |  |  | $ | 48,613 |  |  | $ | 1,198,124 |
Operating income (loss) | $ | 109,110 |  |  | $ | 11,830 |  |  | $ | (106,926 | ) |  | $ | 14,014 |
Capital expenditures | $ | 18,754 |  |  | $ | 30,244 |  |  | $ | 20,466 |  |  | $ | 69,464 |
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 |
(in thousands) | American Eagle |  |  | Aerie |  |  | Corporate and Other(1) |  |  | Total(2) |
26 weeks ended July 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Total net revenue | $ | 1,463,407 |  |  | $ | 693,395 |  |  | $ | 96,359 |  |  | $ | 2,253,161 |
Operating income (loss) | $ | 213,015 |  |  | $ | 54,903 |  |  | $ | (212,002 | ) |  | $ | 55,916 |
Capital expenditures | $ | 34,524 |  |  | $ | 61,259 |  |  | $ | 32,075 |  |  | $ | 127,858 |
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 |
(1) Corporate and Other includes revenue and operating results of the Todd Snyder brand, Unsubscribed brand, and Quiet Platforms (net of intersegment eliminations), which have been identified as separate operating segments, but are not material to disclose as separate reportable segments. Corporate operating costs represent certain costs that are not directly attributable to another reportable segment. (2) The difference between operating income (loss) and income before income taxes includes the following, which are not allocated to our reportable segments: - For the 13 weeks ended July 30, 2022: debt related charges of $60.1 million; interest expense, net of $3.4 million; and other income, net of $1.8 million. For the 26 weeks ended July 30, 2022: debt related charges of $60.1 million; interest expense, net of $8.0 million; and other income, net of $6.3 million. - For the 13 weeks ended July 31, 2021: interest expense, net of $8.9 million and other income, net of $1.4 million. For the 26 weeks ended July 31, 2021: interest expense, net of $17.4 million and other income, net of $3.2 million. We do not allocate assets at the reportable segment level and therefore our CEO does not use segment asset information to make decisions. The following table presents summarized geographical information:
|  | 13 Weeks Ended |  |  | 26 Weeks Ended |
(In thousands) |  | July 30, 2022 |  |  | July 31, 2021 |  |  | July 30, 2022 |  |  | July 31, 2021 |
Total net revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,027,158 |  |  | $ | 1,030,308 |  |  | $ | 1,935,323 |  |  | $ | 1,939,966 |
Foreign (1) |  |  | 170,966 |  |  |  | 163,848 |  |  |  | 317,838 |  |  |  | 288,803 |
Total net revenue |  | $ | 1,198,124 |  |  | $ | 1,194,156 |  |  | $ | 2,253,161 |  |  | $ | 2,228,769 |
(1) Amounts represent sales from American Eagle and Aerie international retail stores, e-commerce sales that are billed to and/or shipped to foreign countries, and international franchise royalty revenue.

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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration