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SEGMENT INFORMATION (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jan. 30, 2021 | Feb. 01, 2020 | Jan. 30, 2021 | Feb. 01, 2020 | Feb. 02, 2019
Segment information |  |  |  |  |  |  |  |
Impairment of Long-Lived Assets Held-for-use |  | $ 598 | $ 4,731 | [1] | $ 38,527 | $ 6,039 | $ 6,096 |
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 |  | 472,897 | 513,019 | [1] | $ 1,522,598 | 1,870,667 | 1,938,084 |
Gross Profit: |  |  |  |  |  |  |  |
Gross Profit |  | 139,779 | 166,358 | [1] | 333,251 | 655,305 | 683,596 |
Operating income (loss): |  |  |  |  |  |  |  |
Total operating income (loss) |  | 14,389 | 29,533 | [1] | $ (199,915) | $ 96,358 | $ 111,328 |
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  | (13.10%) | 5.20% | 5.70% |
Depreciation and amortization: |  |  |  |  |  |  |  |
Total depreciation and amortization |  | 16,000 | 18,911 | [1] | $ 66,405 | $ 74,788 | $ 68,884 |
Capital expenditures: |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  | 30,585 | 57,502 | 71,114 |
Business Exit Costs |  |  | 0 |  | 0 | 0 | (1,055) |
Total assets: |  |  |  |  |  |  |  |
Total assets |  | 1,140,127 | 1,181,397 |  | 1,140,127 | 1,181,397 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [2] | 547,465 | 718,576 |  | 547,465 | 718,576 |  |
The Children's Place U.S. |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax |  |  |  |  |  | 1,671,165 | 1,727,907 |
Operating income (loss): |  |  |  |  |  |  |  |
Total operating income (loss) |  |  |  |  | $ (196,565) | $ 77,989 | $ 86,983 | [3]
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  | (14.30%) | 4.70% | 5.00% |
Depreciation and amortization: |  |  |  |  |  |  |  |
Total depreciation and amortization |  |  |  |  | $ 61,074 | $ 67,416 | $ 61,487 |
Capital expenditures: |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  | 29,955 | 56,598 | 67,476 |
Total assets: |  |  |  |  |  |  |  |
Total assets |  | 1,054,339 | 1,080,665 |  | 1,054,339 | 1,080,665 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [2] | 521,304 | 673,432 |  | 521,304 | 673,432 |  |
The Children's Place Canada [Member] |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | [4] |  |  |  | 150,519 | 199,502 |  |
Operating income (loss): |  |  |  |  |  |  |  |
Total operating income (loss) |  |  |  |  | $ (3,350) | $ 18,369 | $ 24,345 |
Operating income (loss) as a percent of net sales: |  |  |  |  |  |  |  |
Total operating income (loss) (as a percent) |  |  |  |  | (2.20%) | 9.20% | 11.60% |
Depreciation and amortization: |  |  |  |  |  |  |  |
Total depreciation and amortization |  |  |  |  | $ 5,331 | $ 7,372 | $ 7,397 |
Capital expenditures: |  |  |  |  |  |  |  |
Total capital expenditures |  |  |  |  | 630 | 904 | $ 3,638 |
Total assets: |  |  |  |  |  |  |  |
Total assets |  | 85,788 | 100,732 |  | 85,788 | 100,732 |  |
Geographic Areas, Long-Lived Assets [Abstract] |  |  |  |  |  |  |  |
Disclosure on Geographic Areas, Long-Lived Assets in Entity's Country of Domicile | [2] | 25,355 | 44,236 |  | 25,355 | 44,236 |  |
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 | [2] | $ 806 | $ 908 |  | $ 806 | $ 908 |  |
[1] |
|  | Fiscal Year Ended February 1, 2020
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (in thousands, except earnings per share)
Net sales |  | $ | 412,382 |  |  | $ | 420,470 |  |  | $ | 524,796 |  |  | $ | 513,019 |
Gross profit |  | 151,976 |  |  | 138,846 |  |  | 198,125 |  |  | 166,358 |
Selling, general, and administrative expenses |  | 128,006 |  |  | 116,417 |  |  | 120,514 |  |  | 113,183 |
Asset impairment charges |  | 348 |  |  | 121 |  |  | 839 |  |  | 4,731 |
Other (income) costs |  | — |  |  | — |  |  | — |  |  | — |
Depreciation and amortization |  | 18,584 |  |  | 18,472 |  |  | 18,821 |  |  | 18,911 |
Operating income |  | 5,038 |  |  | 3,836 |  |  | 57,951 |  |  | 29,533 |
Income before provision for income taxes |  | 3,327 |  |  | 1,558 |  |  | 55,796 |  |  | 27,736 |
Provision (benefit) for income taxes |  | (1,163) |  |  | 35 |  |  | 12,748 |  |  | 3,497 |
Net income |  | $ | 4,490 |  |  | $ | 1,523 |  |  | $ | 43,048 |  |  | $ | 24,239 |
Diluted earnings per share |  | $ | 0.28 |  |  | $ | 0.10 |  |  | $ | 2.77 |  |  | $ | 1.61 |
Diluted weighted average common shares outstanding |  | 16,107 |  |  | 15,859 |  |  | 15,546 |  |  | 15,101 |
Cash dividends declared and paid per common share |  | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.56 |
[2] | raphic Information The Company’s long-lived assets are located in the following countries:
|  | January 30, 2021 |  | February 1, 2020
|  | (In thousands)
Long-lived assets(1): |  |  |  |
United States |  | $ | 521,304 |  |  | $ | 673,432 |
Canada |  | 25,355 |  |  | 44,236 |
Asia |  | 806 |  |  | 908 |
Total long-lived assets |  | $ | 547,465 |  |  | $ | 718,576 |
____________________________________________ (1)The Company’s long-lived assets are comprised of net property and equipment, ROU assets, tradenames, and other assets.
[3] |
[4] | Net sales from The Children’s Place International are primarily derived from revenues from Canadian operations.

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