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Note 15 - Segment Information | 12 Months Ended
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Feb. 03, 2024
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, 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 wholesale activities, licensing the Company’s intellectual properties for third party use, and entertainment activities. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in select countries in Asia, Australia, the Middle East, Africa, and South America. 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-three weeks ended February 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 456,163 |  |  | $ | 25,413 |  |  | $ | 4,538 |  |  | $ | 486,114 |
Income before income taxes |  |  | 56,613 |  |  |  | 8,160 |  |  |  | 1,556 |  |  |  | 66,329 |
Capital expenditures |  |  | 18,295 |  |  |  | - |  |  |  | - |  |  |  | 18,295 |
Depreciation and amortization |  |  | 13,264 |  |  |  | 393 |  |  |  | - |  |  |  | 13,657 |
Fifty-two weeks ended January 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 446,181 |  |  | $ | 18,523 |  |  | $ | 3,233 |  |  | $ | 467,937 |
Income before income taxes |  |  | 51,663 |  |  |  | 8,318 |  |  |  | 1,943 |  |  |  | 61,924 |
Capital expenditures |  |  | 13,634 |  |  |  | - |  |  |  | - |  |  |  | 13,634 |
Depreciation and amortization |  |  | 11,972 |  |  |  | 510 |  |  |  | - |  |  |  | 12,482 |
Total Assets as of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 3, 2024 |  | $ | 262,299 |  |  | $ | 8,801 |  |  | $ | 1,225 |  |  | $ | 272,325 |
January 28, 2023 |  | $ | 272,221 |  |  | $ | 7,466 |  |  | $ | 1,107 |  |  |  | 280,794 |
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-three weeks ended February 3, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 426,244 |  |  | $ | 56,141 |  |  | $ | 3,729 |  |  | $ | 486,114 |
Property and equipment, net |  |  | 51,707 |  |  |  | 3,555 |  |  |  | - |  |  |  | 55,262 |
Fifty-two weeks ended January 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 408,881 |  |  | $ | 55,854 |  |  | $ | 3,202 |  |  | $ | 467,937 |
Property and equipment, net |  |  | 48,242 |  |  |  | 2,517 |  |  |  | - |  |  |  | 50,759 |
For purposes of this table only:
(1) | North America includes corporately-managed stores in the United States and Canada.
(2) | Europe includes corporately-managed stores in the U.K. and Ireland.
(3) | Other includes franchise businesses outside of North America and Europe.
(a)(2) Financial Statement Schedules

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- Definition The entire disclosure for reporting segments including data and tables. 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