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Note 15 - Segment Information
 12 Months Ended
Jan. 30, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(15)

Segment Information

 

The Company’s operations are conducted through three operating segments consisting of DTC, commercial and international franchising. The DTC segment includes the operating activities of corporately-managed locations and other retail delivery operations in the U.S., Canada, China, Denmark, Ireland and the U.K., including the Company’s e-commerce sites and temporary stores. The commercial segment includes the Company’s transactions with other businesses, mainly comprised of licensing the Company’s intellectual properties for third party use and wholesale activities. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe (outside of the U.K. and Ireland), Asia, Australia, the Middle East and Africa. The operating segments have discrete sources of revenue, different capital structures and different cost structures. These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities. Accordingly, the Company has determined that each of its operating segments represent a reportable segment. The three reportable segments follow the same accounting policies used for the Company’s consolidated financial statements.

 

Following is a summary of the financial information for the Company’s reporting segments (in thousands):

 

  

Direct-to-

      

International

     
  

Consumer

  

Commercial

  

Franchising

  

Total

 
                 

Fifty-two weeks ended January 30, 2021

                

Net sales to external customers

 $249,210  $4,426  $1,674  $255,310 

Income (loss) before income taxes

  (21,480)  1,402   (108)  (20,186)

Capital expenditures

  5,046   -   -   5,046 

Depreciation and amortization

  13,262   30   -   13,292 

Fifty-two weeks ended February 1, 2020

                

Net sales to external customers

 $323,491  $11,892  $3,160  $338,543 

Income (loss) before income taxes

  (3,276)  4,995   (158)  1,561 

Capital expenditures

  12,384   -   -   12,384 

Depreciation and amortization

  13,699   -   6   13,705 
                 

Total Assets as of:

                

January 30, 2021

 $246,341  $6,353  $8,678  $261,372 

February 1, 2020

  280,543   8,931   7,788   297,262 

 

The Company’s reportable segments are primarily determined by the types of products and services that they offer. Each reportable segment may operate in many geographic areas. Revenues are recognized in the geographic areas based on the location of the customer or franchisee. The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands):

 

  

North

             
  

America (1)

  

Europe (2)

  

Other (3)

  

Total

 
                 

Fifty-two weeks ended January 30, 2021

                

Net sales to external customers

 $219,889  $33,784  $1,637  $255,310 

Property and equipment, net

  48,955   4,018   -   52,973 

Fifty-two weeks ended February 1, 2020

                

Net sales to external customers

  286,968   48,532   3,043  $338,543 

Property and equipment, net

  60,386   5,459   10   65,855 
                 

 

For purposes of this table only:

(1)

North America includes the United States, Canada, and Puerto Rico.

(2)

Europe includes the U.K., Ireland, Denmark and franchise businesses in Europe.

(3)

Other includes franchise businesses outside of North America and Europe and a corporately-managed location in China.

 

(a)(2) Financial Statement Schedules