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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Oct. 28, 2023
Segment Reporting [Abstract] |
Summary of Reportable Segment Information | Reportable segment information is presented in the following table:
| For the 13 weeks ended |  |  | For the 39 weeks ended |
| October 28, 2023 |  |  | October 29, 2022 |  |  | October 28, 2023 |  |  | October 29, 2022 |
Net Revenue: |  |  |  |  |  |  |  |  |  |  |
American Eagle | $ | 857,378 |  |  | $ | 837,575 |  |  | $ | 2,295,487 |  |  | $ | 2,301,051 |
Aerie | $ | 393,042 |  |  | $ | 349,712 |  |  | $ | 1,132,537 |  |  | $ | 1,043,129 |
Total Segment Net Revenue | $ | 1,250,420 |  |  | $ | 1,187,287 |  |  | $ | 3,428,024 |  |  | $ | 3,344,180 |
Other | $ | 111,805 |  |  | $ | 115,346 |  |  | $ | 329,480 |  |  | $ | 315,332 |
Intersegment Elimination | $ | (61,170 | ) |  | $ | (62,050 | ) |  | $ | (174,645 | ) |  | $ | (165,768 | )
Total Net Revenue | $ | 1,301,055 |  |  | $ | 1,240,583 |  |  | $ | 3,582,859 |  |  | $ | 3,493,745 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |
American Eagle | $ | 184,029 |  |  | $ | 174,129 |  |  | $ | 418,232 |  |  | $ | 387,213 |
Aerie | $ | 75,850 |  |  | $ | 56,487 |  |  | $ | 188,772 |  |  | $ | 111,414 |
Total Segment Operating Income | $ | 259,879 |  |  | $ | 230,616 |  |  | $ | 607,004 |  |  | $ | 498,627 |
Other | $ | (8,601 | ) |  | $ | (11,650 | ) |  | $ | (35,250 | ) |  | $ | (39,381 | )
Intersegment Elimination | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
General corporate expenses | $ | (125,917 | ) |  | $ | (101,418 | ) |  | $ | (336,998 | ) |  | $ | (285,781 | )
Impairment, restructuring and other charges(1) | $ | - |  |  | $ | - |  |  | $ | (21,275 | ) |  | $ | - |
Total Operating Income | $ | 125,361 |  |  | $ | 117,548 |  |  | $ | 213,481 |  |  | $ | 173,465 |
Debt related charges | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 60,066 |
Interest (income) expense, net | $ | (2,871 | ) |  | $ | 3,878 |  |  | $ | (1,229 | ) |  | $ | 11,887 |
Other (income) expense, net | $ | (3,984 | ) |  | $ | 782 |  |  | $ | (9,446 | ) |  | $ | (5,501 | )
Income before income taxes | $ | 132,216 |  |  | $ | 112,888 |  |  | $ | 224,156 |  |  | $ | 107,013 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |
American Eagle | $ | 17,219 |  |  | $ | 20,477 |  |  | $ | 48,411 |  |  | $ | 55,000 |
Aerie | $ | 9,499 |  |  | $ | 24,404 |  |  | $ | 31,576 |  |  | $ | 85,663 |
Other | $ | 9,760 |  |  | $ | 20,801 |  |  | $ | 21,490 |  |  | $ | 25,933 |
General corporate expenditures | $ | 6,478 |  |  | $ | 5,825 |  |  | $ | 33,438 |  |  | $ | 32,768 |
Total Capital Expenditures | $ | 42,956 |  |  | $ | 71,507 |  |  | $ | 134,915 |  |  | $ | 199,364 |
(1) Represents pre-tax impairment, restructuring and other charges related to Quiet Platforms, including $10.8 million of long-lived asset impairment charges, $5.6 million of severance costs, and $4.9 million of contract related charges for the 39 weeks ended October 28, 2023.
Summary of Geographical Information | The following table presents summarized geographical information:
|  | 13 Weeks Ended |  |  | 39 Weeks Ended |
(In thousands) |  | October 28, 2023 |  |  | October 29, 2022 |  |  | October 28, 2023 |  |  | October 29, 2022 |
Total net revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,114,115 |  |  | $ | 1,076,096 |  |  | $ | 3,035,573 |  |  | $ | 3,011,419 |
Foreign (1) |  |  | 186,940 |  |  |  | 164,487 |  |  |  | 547,286 |  |  |  | 482,326 |
Total net revenue |  | $ | 1,301,055 |  |  | $ | 1,240,583 |  |  | $ | 3,582,859 |  |  | $ | 3,493,745 |
(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.

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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