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SEGMENT INFORMATION (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Feb. 01, 2020 | Nov. 02, 2019 | Aug. 03, 2019 | May 04, 2019 | Feb. 02, 2019 | Nov. 03, 2018 | Aug. 04, 2018 | May 05, 2018 | Jan. 30, 2021 | Feb. 01, 2020 | Feb. 02, 2019 | Feb. 03, 2018
Segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of Long-Lived Assets Held-for-use |  | $ 4,731 | [1] | $ 839 | $ 121 | $ 348 | $ 464 | [2] | $ 396 | $ 3,979 | $ 1,257 |  | $ 6,039 | $ 6,096 | $ 5,190 |
Percentage of entity-wide sales qualifying purchaser as major customer (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  | 10.00% |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax |  | 513,019 | [1] | 524,796 | 420,470 | 412,382 | 530,557 | [2] | 522,495 | 448,718 | 436,314 |  | $ 1,870,667 | 1,938,084 | 1,870,275 |
Gross Profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross Profit |  | 166,358 | [1] | 198,125 | 138,846 | 151,976 | 164,232 | [2] | 204,366 | 154,806 | 160,192 |  | 655,305 | 683,596 | 711,355 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) |  | 29,533 | [1] | 57,951 | 3,836 | 5,038 | 13,643 | [2] | 64,605 | 10,022 | 23,058 |  | $ 96,358 | $ 111,328 | $ 161,510 |
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  | 5.20% | 5.70% | 8.60% |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total depreciation and amortization |  | 18,911 | [1] | $ 18,821 | $ 18,472 | $ 18,584 | 17,479 | [2] | 17,404 | 16,595 | 17,406 |  | $ 74,788 | $ 68,884 | $ 68,159 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 57,502 | 71,114 | 58,657 |
Business Exit Costs |  |  |  |  |  |  | 191 |  | $ (1,246) | $ 0 | $ 0 |  | 0 | (1,055) | 10 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 1,181,397 |  |  |  |  | 727,046 |  |  |  |  |  | 1,181,397 | 727,046 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [3] | 718,576 |  |  |  |  | 273,901 |  |  |  |  |  | 718,576 | 273,901 |  |
The Children's Place U.S. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax |  |  |  |  |  |  |  |  |  |  |  | $ 1,671,165 |  | 1,727,907 | 1,650,620 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  | $ 77,989 | $ 86,983 | $ 132,152 | [4]
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  | 4.70% | 5.00% | 8.00% |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  | $ 67,416 | $ 61,487 | $ 60,732 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 56,598 | 67,476 | 57,360 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 1,080,665 |  |  |  |  | 651,728 |  |  |  |  |  | 1,080,665 | 651,728 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [3] | 673,432 |  |  |  |  | 261,932 |  |  |  |  |  | 673,432 | 261,932 |  |
The Children's Place Canada [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | [5] |  |  |  |  |  |  |  |  |  |  | $ 219,655 | 199,502 | 210,177 |  |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  | $ 18,369 | $ 24,345 | $ 29,358 |
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  | 9.20% | 11.60% | 13.40% |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  | $ 7,372 | $ 7,397 | $ 7,427 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 904 | 3,638 | $ 1,297 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 100,732 |  |  |  |  | 75,318 |  |  |  |  |  | 100,732 | 75,318 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [3] | 44,236 |  |  |  |  | 10,718 |  |  |  |  |  | 44,236 | 10,718 |  |
The Children's Place Asia [Member] [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [3] | $ 908 |  |  |  |  | $ 1,251 |  |  |  |  |  | $ 908 | $ 1,251 |  |
[1] |
|  | Fiscal Year Ended February 2, 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 436,314 |  |  | $ | 448,718 |  |  | $ | 522,495 |  |  | $ | 530,557 |
Gross profit |  | 160,192 |  |  | 154,806 |  |  | 204,366 |  |  | 164,232 |
Selling, general, and administrative expenses |  | 118,471 |  |  | 124,210 |  |  | 123,207 |  |  | 132,455 |
Asset impairment charges |  | 1,257 |  |  | 3,979 |  |  | 396 |  |  | 464 |
Other (income) costs |  | — |  |  | — |  |  | (1,246 | ) |  | 191 |
Depreciation and amortization |  | 17,406 |  |  | 16,595 |  |  | 17,404 |  |  | 17,479 |
Operating income |  | 23,058 |  |  | 10,022 |  |  | 64,605 |  |  | 13,643 |
Income before provision for income taxes |  | 22,761 |  |  | 9,076 |  |  | 63,774 |  |  | 12,913 |
Provision (benefit) for income taxes |  | (8,776 | ) |  | 1,590 |  |  | 13,861 |  |  | 889 |
Net income |  | $ | 31,537 |  |  | $ | 7,486 |  |  | $ | 49,913 |  |  | $ | 12,024 |
Diluted earnings per share |  | $ | 1.78 |  |  | $ | 0.45 |  |  | $ | 3.03 |  |  | $ | 0.74 |
Diluted weighted average common shares outstanding |  | 17,734 |  |  | 16,715 |  |  | 16,496 |  |  | 16,277 |
Cash dividends declared and paid per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
[2] |
|  | Fiscal Year Ended February 2, 2019
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 436,314 |  |  | $ | 448,718 |  |  | $ | 522,495 |  |  | $ | 530,557 |
Gross profit |  | 160,192 |  |  | 154,806 |  |  | 204,366 |  |  | 164,232 |
Selling, general, and administrative expenses |  | 118,471 |  |  | 124,210 |  |  | 123,207 |  |  | 132,455 |
Asset impairment charges |  | 1,257 |  |  | 3,979 |  |  | 396 |  |  | 464 |
Other (income) costs |  | — |  |  | — |  |  | (1,246 | ) |  | 191 |
Depreciation and amortization |  | 17,406 |  |  | 16,595 |  |  | 17,404 |  |  | 17,479 |
Operating income |  | 23,058 |  |  | 10,022 |  |  | 64,605 |  |  | 13,643 |
Income before provision for income taxes |  | 22,761 |  |  | 9,076 |  |  | 63,774 |  |  | 12,913 |
Provision (benefit) for income taxes |  | (8,776 | ) |  | 1,590 |  |  | 13,861 |  |  | 889 |
Net income |  | $ | 31,537 |  |  | $ | 7,486 |  |  | $ | 49,913 |  |  | $ | 12,024 |
Diluted earnings per share |  | $ | 1.78 |  |  | $ | 0.45 |  |  | $ | 3.03 |  |  | $ | 0.74 |
Diluted weighted average common shares outstanding |  | 17,734 |  |  | 16,715 |  |  | 16,496 |  |  | 16,277 |
Cash dividends declared and paid per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
[3] | raphic Information The Company’s long-lived assets are located in the following countries:
|  | February 1, 2020 |  | February 2, 2019
|  | (In thousands)
Long-lived assets(1): |  |  |  |
United States |  | $ | 673,432 |  |  | $ | 261,932 |
Canada |  | 44,236 |  |  | 10,718 |
Asia |  | 908 |  |  | 1,251 |
Total long-lived assets |  | $ | 718,576 |  |  | $ | 273,901 |
____________________________________________
(1) | The Company’s long-lived assets are comprised of net property and equipment, ROU assets, tradenames, and other assets.
[4] |
[5] | Net sales from The Children’s Place International are primarily derived from revenues from Canadian operations.

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