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SEGMENT INFORMATION | 6 Months Ended
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Jul. 29, 2017
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION In accordance with FASB ASC 280---Segment Reporting, 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 business. Included in The Children's Place International segment are the Company's Canadian-based stores, revenue from the Company's Canadian wholesale business 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 July 29, 2017, The Children’s Place U.S. operated 897 stores and The Children’s Place International operated 129 stores. As of July 30, 2016, The Children’s Place U.S. operated 932 stores and The Children’s Place International operated 132 stores. The following tables provide segment level financial information:
| Thirteen Weeks Ended |  | Twenty-six Weeks Ended
| July 29, 2017 |  | July 30, 2016 |  | July 29, 2017 |  | July 30, 2016
| (In thousands)
Net sales: |  |  |  |  |  |  |  |  |  |  |
The Children’s Place U.S. | $ | 327,375 |  |  | $ | 319,189 |  |  | $ | 722,138 |  |  | $ | 694,296 |
The Children’s Place International (1) | 46,226 |  |  | 52,227 |  |  | 88,139 |  |  | 96,471 |
Total net sales | $ | 373,601 |  |  | $ | 371,416 |  |  | $ | 810,277 |  |  | $ | 790,767 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |
The Children’s Place U.S. | $ | (924 | ) |  | $ | (8,617 | ) |  | $ | 37,816 |  |  | $ | 25,537 |
The Children’s Place International | 4,143 |  |  | 5,677 |  |  | 7,687 |  |  | 11,133 |
Total operating income (loss) (2) | $ | 3,219 |  |  | $ | (2,940 | ) |  | $ | 45,503 |  |  | $ | 36,670 |
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |  |  |  |
The Children’s Place U.S. | (0.3 | )% |  | (2.7 | )% |  | 5.2 | % |  | 3.7 | %
The Children’s Place International | 9.0 | % |  | 10.9 | % |  | 8.7 | % |  | 11.5 | %
Total operating income (loss) | 0.9 | % |  | (0.8 | )% |  | 5.6 | % |  | 4.6 | %
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
The Children’s Place U.S. | $ | 14,271 |  |  | $ | 14,889 |  |  | $ | 28,234 |  |  | $ | 29,532 |
The Children’s Place International | 1,708 |  |  | 1,002 |  |  | 3,437 |  |  | 2,820 |
Total depreciation and amortization | $ | 15,979 |  |  | $ | 15,891 |  |  | $ | 31,671 |  |  | $ | 32,352 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
The Children’s Place U.S. | $ | 9,776 |  |  | $ | 8,025 |  |  | $ | 22,876 |  |  | $ | 14,829 |
The Children’s Place International | 88 |  |  | 927 |  |  | 280 |  |  | 1,207 |
Total capital expenditures | $ | 9,864 |  |  | $ | 8,952 |  |  | $ | 23,156 |  |  | $ | 16,036 |
____________________________________________
(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, costs related to foreign exchange control penalties and a sales and use tax audit settlement, and costs arising out of the restructuring of certain store and corporate operations totaling approximately $1.9 million for the Second Quarter 2017.
Includes costs incurred related to a provision for a legal settlement, asset impairment charges, costs related to foreign exchange control penalties and a sales and use tax audit settlement, and costs arising out of the restructuring of certain store and corporate operations totaling approximately $8.0 million during Year-To-Date 2017. Includes costs incurred related to asset impairment charges and costs arising out of the restructuring of certain store and corporate operations, of approximately $3.0 million and $2.6 million for the Second Quarter 2016 and Year-To-Date 2016, respectively.
| July 29, 2017 |  | January 28, 2017 |  | July 30, 2016
Total assets: | (In thousands)
The Children’s Place U.S. | $ | 786,038 |  |  | $ | 735,953 |  |  | $ | 768,831 |
The Children’s Place International | 184,637 |  |  | 174,546 |  |  | 164,706 |
Total assets | $ | 970,675 |  |  | $ | 910,499 |  |  | $ | 933,537 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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