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Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Information  
Segment Information

7.    Segment Information

The Company has two reportable segments: North American wholesale operations (“Wholesale”) and North American retail operations (“Retail”). The Company’s Chief Executive Officer evaluates the performance of the Company’s segments based on earnings (loss) from operations. Therefore, interest income or expense, other income or expense, and income taxes are not allocated to the segments. The “other” category in the tables below includes the Company’s wholesale and retail operations in Australia,

South Africa, Asia Pacific and Europe, which do not meet the criteria for separate reportable segment classification.  Summarized segment data for the three months ended September 30, 2021 and 2020, was as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

​

​

​

​

​

​

​

​

​

​

September 30,

    

Wholesale

    

Retail

    

Other

    

Total

​

​

(Dollars in thousands)

2021

 

​

  

 

​

  

 

​

  

 

​

​

Product sales

​

$

49,823

​

$

6,307

​

$

5,325

​

$

61,455

Licensing revenues

​

 

343

​

 

—

​

 

—

​

 

343

Net sales

​

$

50,166

​

$

6,307

​

$

5,325

​

$

61,798

Earnings (loss) from operations

​

$

6,027

​

$

1,401

​

$

(682)

​

$

6,746

​

​

 

​

​

 

​

​

 

​

​

 

​

2020

​

 

​

​

 

​

​

 

​

​

 

​

Product sales

​

$

43,788

​

$

4,367

​

$

4,799

​

$

52,954

Licensing revenues

​

 

224

​

 

—

​

 

—

​

 

224

Net sales

​

$

44,012

​

$

4,367

​

$

4,799

​

$

53,178

Earnings (loss) from operations

​

$

2,752

(1)

$

(2,796)

(2)

$

(3,796)

(3)

$

(3,840)

(1)Included the write-off of a $1.1 million receivable related to Tailored Brands, Inc. due to its bankruptcy filed during the pandemic, $0.5 million in employee costs related to restructuring and temporary closures, $0.5 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.2 million in other related charges, partially offset by $0.3 million of income from government wage subsidies.
(2)Included $1.5 million in early lease termination charges, $1.0 million for the impairment of retail store fixed assets, and $0.1 million in employee costs related to restructuring and temporary closures.
(3)Included $2.1 million for the impairment of retail store fixed assets and operating lease right-of-use assets, $1.1 million in employee costs related to restructuring and temporary closures, $0.5 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.2 million in related charges, partially offset by $1.1 million of income from government wage and rent subsidies.

​

Summarized segment data for the nine months ended September 30, 2021 and 2020, was as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended

​

​

​

​

​

​

​

​

​

​

​

​

September 30,

    

Wholesale

    

Retail

    

Other

    

Total

​

​

(Dollars in thousands)

2021

 

​

  

 

​

  

 

​

  

 

​

  

Product sales

​

$

124,417

​

$

18,127

​

$

22,682

​

$

165,226

Licensing revenues

​

 

1,036

​

 

—

​

 

—

​

 

1,036

Net sales

​

$

125,453

​

$

18,127

​

$

22,682

​

$

166,262

Earnings (loss) from operations

​

$

10,041

​

$

3,326

​

$

(445)

​

$

12,922

​

​

 

​

​

 

​

​

 

​

​

 

​

2020

​

 

​

​

 

​

​

 

​

​

 

​

Product sales

​

$

105,193

​

$

12,768

​

$

14,621

​

$

132,582

Licensing revenues

​

 

826

​

 

—

​

 

—

​

 

826

Net sales

​

$

106,019

​

$

12,768

​

$

14,621

​

$

133,408

Earnings (loss) from operations

​

$

(4,664)

(4)

$

(3,741)

(5)

$

(7,107)

(6)

$

(15,512)

(4)Included the write-off of $4.4 million in receivables due to two bankruptcies of large customers (J.C. Penny Company, Inc. and Tailored Brands, Inc.) filed during the pandemic, $1.9 million in employee costs related to restructuring and temporary closures, $0.5 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.2 million in other related charges, partially offset by $1.6 million of income from government wage subsidies.

​

(5)Included $1.5 million in early lease termination charges, $1.0 million for the impairment of retail store fixed assets, and $0.1 million in employee costs related to restructuring and temporary closures.

​

(6)Included $2.1 million for the impairment of retail store fixed assets and operating lease right-of-use assets, $2.0 million in employee costs related to restructuring and temporary closures, $1.6 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.6 million in related charges, partially offset by $2.5 million of income from government wage and rent subsidies.