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SEGMENT INFORMATION (Tables)

3 Months Ended

May 01, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables provide segment level financial information:

			Thirteen Weeks Ended
			May 1, 2021						May 2, 2020
			(in thousands)
Net sales(1):
The Children’s Place U.S.			$	399,659					$	234,948
The Children’s Place International (2)			35,822						20,259
Total net sales			$	435,481					$	255,207
Operating income (loss)(1):
The Children’s Place U.S.			$	63,912					$	(159,336)
The Children’s Place International			1,995						(13,807)
Total operating income (loss)			$	65,907					$	(173,143)
Operating income (loss) as a percent of net sales(1):
The Children’s Place U.S.			16.0		%				(67.8)		%
The Children’s Place International			5.6		%				(68.2)		%
Total operating income (loss) as a percent of net sales			15.1		%				(67.8)		%
Depreciation and amortization:
The Children’s Place U.S.			$	14,311					$	16,186
The Children’s Place International			1,250						1,702
Total depreciation and amortization			$	15,561					$	17,888
Capital expenditures:
The Children’s Place U.S.			$	6,487					$	5,200
The Children’s Place International			239						533
Total capital expenditures			$	6,726					$	5,733

____________________________________________

(1)Net sales and operating income (loss) were significantly impacted by the COVID-19 pandemic in the First Quarter 2020.

(2)Net sales from The Children’s Place International are primarily derived from revenues from Canadian operations. Our foreign subsidiaries, primarily in Canada, have operating results based in foreign currencies and are thus subject to the fluctuations of the corresponding translation rates into U.S. dollars.

			May 1, 2021						January 30, 2021						May 2, 2020
Total assets:			(in thousands)
The Children’s Place U.S.			$	1,041,441					$	1,054,339					$	1,097,544
The Children’s Place International			86,226						85,788						87,392
Total assets			$	1,127,667					$	1,140,127					$	1,184,936

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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