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SEGMENT INFORMATION
 9 Months Ended
Oct. 29, 2016
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 customers. Included in The Children's Place International segment are the Company's Canadian based stores, revenue from the Company's Canadian wholesale customer 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 29, 2016, The Children’s Place U.S. operated 930 stores and The Children’s Place International operated 131 stores. As of October 31, 2015, The Children’s Place U.S. operated 952 stores and The Children’s Place International operated 133 stores.
The following tables provide segment level financial information (dollars in thousands):
 
Thirteen Weeks Ended
 
Thirty-nine Weeks Ended
 
October 29,
2016
 
October 31,
2015
 
October 29,
2016

October 31,
2015
Net sales:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
412,380

 
$
400,184

 
$
1,106,676

 
$
1,079,541

The Children’s Place International (1)
61,397

 
55,729

 
157,868

 
147,692

Total net sales
$
473,777

 
$
455,913

 
$
1,264,544

 
$
1,227,233

Gross profit:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
165,394

 
$
154,251

 
$
415,621

 
$
386,375

The Children’s Place International
29,123

 
26,262

 
68,118

 
61,251

Total gross profit
$
194,517

 
$
180,513

 
$
483,739

 
$
447,626

Gross Margin:
 

 
 

 
 

 
 

The Children’s Place U.S.
40.1
%
 
38.5
%
 
37.6
%
 
35.8
%
The Children’s Place International
47.4
%
 
47.1
%
 
43.1
%
 
41.5
%
Total gross margin
41.1
%
 
39.6
%
 
38.3
%
 
36.5
%
Operating income:
 

 
 

 
 

 
 

The Children’s Place U.S. (2)
$
48,997

 
$
46,119

 
$
74,535

 
$
45,355

The Children’s Place International
13,083

 
11,528

 
24,215

 
15,378

Total operating income
$
62,080

 
$
57,647

 
$
98,750

 
$
60,733

Operating income as a percent of net sales:
 

 
 

 
 

 
 

The Children’s Place U.S.
11.9
%
 
11.5
%
 
6.7
%
 
4.2
%
The Children’s Place International
21.3
%
 
20.7
%
 
15.3
%
 
10.4
%
Total operating income
13.1
%
 
12.6
%
 
7.8
%
 
4.9
%
Depreciation and amortization:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
14,073

 
$
14,517

 
$
43,605

 
$
40,986

The Children’s Place International
2,513

 
1,619

 
5,333

 
4,796

Total depreciation and amortization
$
16,586

 
$
16,136

 
$
48,938

 
$
45,782

Capital expenditures:
 

 
 

 
 

 
 

The Children’s Place U.S.
$
10,160

 
$
13,716

 
$
24,989

 
$
33,163

The Children’s Place International
287

 
104

 
1,494

 
806

Total capital expenditures
$
10,447

 
$
13,820

 
$
26,483

 
$
33,969

 
____________________________________________
(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 $0.4 million and $2.7 million for the Third Quarter 2016 and Year-To-Date 2016, respectively. 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 $1.9 million and $15.6 million for the Third Quarter 2015 and Year-To-Date 2015, respectively.

 
October 29, 2016
 
January 30, 2016
 
October 31, 2015
Total assets:
 

 
 

 
 

The Children’s Place U.S.
$
819,106

 
$
748,975

 
$
828,582

The Children’s Place International
164,176

 
148,973

 
148,776

Total assets
$
983,282

 
$
897,948

 
$
977,358