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SEGMENT INFORMATION
 9 Months Ended
Oct. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
In accordance with the “Segment Reporting” topic of the FASB ASC, the Company reports segment data based on geography: The Children’s Place U.S. and The Children’s Place International.  Each segment includes an e-commerce business located at www.childrensplace.com.  Included in The Children’s Place U.S. segment are the Company’s U.S. and Puerto Rico based stores and revenue from the Company's U.S. based wholesale partners. Included in The Children's Place International segment are the Company's Canadian based stores, revenue from the Company's Canadian wholesale partner and revenue from international franchisees. The Company measures its segment profitability based on operating income, defined as income before interest and taxes.  Net sales and direct costs are recorded by each segment.  Certain inventory procurement functions such as production and design as well as corporate overhead, including executive management, finance, real estate, human resources, legal, and information technology services are managed by The Children’s Place U.S. segment.  Expenses related to these functions, including depreciation and amortization, are allocated to The Children’s Place International segment based primarily on net sales.  The assets related to these functions are not allocated.  The Company periodically reviews these allocations and adjusts them based upon changes in business circumstances.  Net sales to external customers are derived from merchandise sales and the Company has no major customers that account for more than 10% of its net sales.  As of October 31, 2015, The Children’s Place U.S. operated 952 stores and The Children’s Place International operated 133 stores. As of November 1, 2014, The Children’s Place U.S. operated 982 stores and The Children’s Place International operated 135 stores.
The following tables provide segment level financial information (dollars in thousands):
 
Thirteen Weeks Ended
 
Thirty-nine Weeks Ended
 
October 31,
2015
 
November 1,
2014
 
October 31,
2015

November 1,
2014
Net sales:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
400,184

 
$
418,863

 
$
1,079,541

 
$
1,112,933

The Children’s Place International (1)
55,729

 
68,441

 
147,692

 
169,148

Total net sales
$
455,913

 
$
487,304

 
$
1,227,233

 
$
1,282,081

Gross profit:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
154,251

 
$
163,713

 
$
386,375

 
$
395,858

The Children’s Place International
26,262

 
26,398

 
61,251

 
61,632

Total gross profit
$
180,513

 
$
190,111

 
$
447,626

 
$
457,490

Gross Margin:
 

 
 

 
 

 
 

The Children’s Place U.S.
38.5
%
 
39.1
%
 
35.8
%
 
35.6
%
The Children’s Place International
47.1
%
 
38.6
%
 
41.5
%
 
36.4
%
Total gross margin
39.6
%
 
39.0
%
 
36.5
%
 
35.7
%
Operating income:
 

 
 

 
 

 
 

The Children’s Place U.S. (2)
$
46,119

 
$
43,147

 
$
45,355

 
$
48,162

The Children’s Place International
11,528

 
12,656

 
15,378

 
11,227

Total operating income
$
57,647

 
$
55,803

 
$
60,733

 
$
59,389

Operating income as a percent of net sales:
 

 
 

 
 

 
 

The Children’s Place U.S.
11.5
%
 
10.3
%
 
4.2
%
 
4.3
%
The Children’s Place International
20.7
%
 
18.5
%
 
10.4
%
 
6.6
%
Total operating income
12.6
%
 
11.5
%
 
4.9
%
 
4.6
%
Depreciation and amortization:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
14,517

 
$
13,135

 
$
40,986

 
$
38,902

The Children’s Place International
1,619

 
2,033

 
4,796

 
6,050

Total depreciation and amortization
$
16,136

 
$
15,168

 
$
45,782

 
$
44,952

Capital expenditures:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
13,716

 
$
13,367

 
$
33,163

 
$
41,583

The Children’s Place International
104

 
495

 
806

 
3,054

Total capital expenditures
$
13,820

 
$
13,862

 
$
33,969

 
$
44,637

 
____________________________________________
(1) 
Net sales from The Children's Place International are primarily derived from revenues from Canadian operations.
(2) 
Includes costs incurred related to asset impairment charges and costs arising out of the restructuring of certain store and corporate operations of approximately $1.1 million for the Third Quarter 2015. Includes costs incurred related to a class action wage and hour legal settlement, proxy contest costs, a sales tax audit, asset impairment charges and costs arising out of the restructuring of certain store and corporate operations of approximately $15.6 million during Year-To-Date 2015. Includes costs incurred related to asset impairment charges and costs arising out of the restructuring of certain store and corporate operations, of approximately $4.1 million and $9.7 million for Third Quarter 2014 and the Year-To-Date 2014, respectively.

 
October 31, 2015
 
January 31, 2015
 
November 1, 2014
Total assets:
 

 
 

 
 

The Children’s Place U.S.
$
828,582

 
$
805,462

 
$
842,823

The Children’s Place International
148,776

 
153,156

 
152,598

Total assets
$
977,358

 
$
958,618

 
$
995,421