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SEGMENT INFORMATION
9 Months Ended
Oct. 29, 2022
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, www.sugarandjade.com, and www.pjplace.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 customers that individually account for more than 10% of its net sales. As of October 29, 2022, The Children’s Place U.S. had 577 stores and The Children’s Place International had 81 stores. As of October 30, 2021, The Children’s Place U.S. had 611 stores and The Children’s Place International had 92 stores.
The following tables provide segment level financial information:
 Thirteen Weeks EndedThirty-nine Weeks Ended
 October 29,
2022
October 30,
2021
October 29,
2022
October 30,
2021
(in thousands)
Net sales:  
The Children’s Place U.S.$457,508$498,836$1,126,692$1,269,196
The Children’s Place International (1)
51,61259,389125,663138,365
Total net sales$509,120$558,225$1,252,355$1,407,561
Operating income:  
The Children’s Place U.S.$51,460$100,456$54,385$196,262
The Children’s Place International6,37713,3548,87621,304
Total operating income$57,837$113,810$63,261$217,566
Operating income as a percentage of net sales:  
The Children’s Place U.S.11.2%20.1%4.8%15.5%
The Children’s Place International12.4%22.5%7.1%15.4%
Total operating income as a percentage of net sales11.4%20.4%5.1%15.5%
Depreciation and amortization:  
The Children’s Place U.S.$11,592$13,153$36,441$40,767
The Children’s Place International8711,0512,8793,390
Total depreciation and amortization$12,463$14,204$39,320$44,157
Capital expenditures:  
The Children’s Place U.S.$12,342$8,432$30,311$21,304
The Children’s Place International8672882696
Total capital expenditures$12,428$8,504$31,193$22,000
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(1)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.