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SEGMENT INFORMATION
9 Months Ended
Oct. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATIONIn 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, www.gymboree.com, and www.sugarandjade.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-based 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 individually account for more than 10% of its net sales. As of October 30, 2021, The Children’s Place U.S. had 611 stores
and The Children’s Place International had 92 stores. As of October 31, 2020, The Children’s Place U.S. had 702 stores and The Children’s Place International had 107 stores.
The following tables provide segment level financial information:
 Thirteen Weeks EndedThirty-nine Weeks Ended
 October 30,
2021
October 31,
2020
October 30,
2021
October 31,
2020
(in thousands)
Net sales(1):
  ]
The Children’s Place U.S.$498,836 $373,625 $1,269,196 $941,607 
The Children’s Place International (2)
59,389 51,946 138,365 108,094 
Total net sales$558,225 $425,571 $1,407,561 $1,049,701 
Operating income (loss)(1):
  
The Children’s Place U.S.$100,456 $17,491 $196,262 $(204,468)
The Children’s Place International13,354 5,832 21,304 (9,836)
Total operating income (loss)$113,810 $23,323 $217,566 $(214,304)
Operating income (loss) as a percent of net sales(1):
  
The Children’s Place U.S.20.1 %4.7 %15.5 %(21.7)%
The Children’s Place International22.5 %11.2 %15.4 %(9.1)%
Total operating income (loss) as a percent of net sales20.4 %5.5 %15.5 %(20.4)%
Depreciation and amortization:  
The Children’s Place U.S.$13,153 $14,542 $40,767 $46,322 
The Children’s Place International1,051 1,267 3,390 4,083 
Total depreciation and amortization$14,204 $15,809 $44,157 $50,405 
Capital expenditures:  
The Children’s Place U.S.$8,432 $9,413 $21,304 $23,046 
The Children’s Place International72 82 696 717 
Total capital expenditures$8,504 $9,495 $22,000 $23,763 
____________________________________________
(1)Net sales and operating income (loss) were significantly impacted by the COVID-19 pandemic in the Third Quarter 2020 and Year-To-Date 2020.
(2)Net sales from The Children’s Place International are primarily derived from Canadian operations. The Company’s 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.
October 30, 2021January 30, 2021October 31, 2020
Total assets:(in thousands)
The Children’s Place U.S.$995,835 $1,054,339 $1,113,309 
The Children’s Place International92,531 85,788 93,634 
Total assets$1,088,366 $1,140,127 $1,206,943