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BUSINESS SEGMENTS (Tables) | 9 Months Ended
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May 01, 2021
Segment Reporting [Abstract] |
Schedule of Business Segment Information | The following table provides continuing operations net sales and Adjusted EBITDA by reportable segment and reconciles that information to Income (loss) from continuing operations before income taxes:
|  | 13-Week Period Ended |  | 39-Week Period Ended
(in thousands) |  | May 1, 2021 |  | May 2, 2020 |  | May 1, 2021 |  | May 2, 2020
Net sales: |  |  |  |  |  |  |  |
Wholesale(1) |  | $ | 6,359,810 |  |  | $ | 6,749,984 |  |  | $ | 19,399,868 |  |  | $ | 19,024,209 |
Retail |  | 578,246 |  |  | 636,887 |  |  | 1,794,028 |  |  | 1,690,742 |
Other |  | 54,808 |  |  | 58,359 |  |  | 165,848 |  |  | 164,511 |
Eliminations |  | (373,022) |  |  | (413,512) |  |  | (1,179,162) |  |  | (1,119,750) |
Total Net sales |  | $ | 6,619,842 |  |  | $ | 7,031,718 |  |  | $ | 20,180,582 |  |  | $ | 19,759,712 |
Continuing Operations Adjusted EBITDA: |  |  |  |  |  |  |  |
Wholesale |  | $ | 161,073 |  |  | $ | 199,884 |  |  | $ | 470,802 |  |  | $ | 408,650 |
Retail |  | 21,547 |  |  | 36,931 |  |  | 71,159 |  |  | 58,921 |
Other |  | 85 |  |  | (17,247) |  |  | (3,610) |  |  | (4,419) |
Eliminations |  | (5,375) |  |  | 53 |  |  | (1,429) |  |  | 547 |
Adjustments: |  |  |  |  |  |  |  |
Net income attributable to noncontrolling interests |  | 1,394 |  |  | 2,238 |  |  | 4,366 |  |  | 3,407 |
Total other expense, net |  | (25,383) |  |  | (32,669) |  |  | (108,828) |  |  | (114,933) |
Depreciation and amortization |  | (66,365) |  |  | (69,642) |  |  | (210,088) |  |  | (214,002) |
Share-based compensation |  | (11,668) |  |  | (12,992) |  |  | (38,490) |  |  | (22,051) |
Restructuring, acquisition and integration related expenses |  | (9,867) |  |  | (14,557) |  |  | (44,078) |  |  | (65,751) |
Goodwill and asset impairment charges |  | — |  |  | — |  |  | — |  |  | (425,405) |
Gain (loss) on sale of assets |  | 25 |  |  | (351) |  |  | (144) |  |  | (785) |
Notes receivable charges |  | — |  |  | — |  |  | — |  |  | (12,516) |
Legal reserve charge |  | — |  |  | — |  |  | — |  |  | (1,196) |
Other retail expense |  | (355) |  |  | — |  |  | (3,358) |  |  | — |
Income (loss) from continuing operations before income taxes |  | $ | 65,111 |  |  | $ | 91,648 |  |  | $ | 136,302 |  |  | $ | (389,533) |
Depreciation and amortization: |  |  |  |  |  |  |  |
Wholesale |  | $ | 58,136 |  |  | $ | 66,754 |  |  | $ | 184,723 |  |  | $ | 200,515 |
Retail |  | 6,776 |  |  | 611 |  |  | 20,928 |  |  | 2,912 |
Other |  | 1,453 |  |  | 2,277 |  |  | 4,437 |  |  | 10,575 |
Total depreciation and amortization |  | $ | 66,365 |  |  | $ | 69,642 |  |  | $ | 210,088 |  |  | $ | 214,002 |
Capital expenditures: |  |  |  |  |  |  |  |
Wholesale |  | $ | 66,282 |  |  | $ | 33,456 |  |  | $ | 150,155 |  |  | $ | 119,085 |
Retail |  | 7,512 |  |  | 2,131 |  |  | 14,822 |  |  | 7,426 |
Other |  | 147 |  |  | 88 |  |  | 480 |  |  | 292 |
Total capital expenditures |  | $ | 73,941 |  |  | $ | 35,675 |  |  | $ | 165,457 |  |  | $ | 126,803 |
(1)As presented in Note 3—Revenue Recognition, for the third quarters of fiscal 2021 and 2020, the Company recorded $323.5 million and $352.8 million, respectively, and $1,026.4 million and $958.6 million in fiscal 2021 and 2020 year-to-date, respectively, within Net sales in its Wholesale reportable segment attributable to Wholesale sales to its Retail segment that have been eliminated upon consolidation. Refer to Note 3—Revenue Recognition for additional information regarding Wholesale sales to discontinued operations. Total assets of continuing operations by reportable segment were as follows:
(in thousands) |  | May 1, 2021 |  | August 1, 2020
Assets: |  |  |  |
Wholesale |  | $ | 6,580,627 |  |  | $ | 6,588,836 |
Retail |  | 560,725 |  |  | 542,470 |
Other |  | 436,251 |  |  | 501,468 |
Eliminations |  | (63,108) |  |  | (54,784) |
Total assets of continuing operations |  | $ | 7,514,495 |  |  | $ | 7,577,990 |

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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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