Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Segment Reporting Information


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:


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)

(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.