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SEGMENT INFORMATION | 12 Months Ended
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Feb. 03, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION In 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 and www.gymboree.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 customer that individually accounted for more than 10% of its net sales. As of February 3, 2024, The Children’s Place U.S. had 460 stores and The Children’s Place International had 63 stores. As of January 28, 2023, The Children’s Place U.S. had 540 stores and The Children’s Place International had 73 stores. The following tables provide segment level financial information for Fiscal 2023, Fiscal 2022, and Fiscal 2021:
| Fiscal Years Ended
| February 3, 2024 |  | January 28, 2023 |  | January 29, 2022
| (in thousands)
Net sales: |  |  |  |  |
The Children’s Place U.S. | $ | 1,457,352 |  |  | $ | 1,533,934 |  |  | $ | 1,723,887
The Children’s Place International (1) | 145,156 |  |  | 174,548 |  |  | 191,477
Total net sales | $ | 1,602,508 |  |  | $ | 1,708,482 |  |  | $ | 1,915,364
Operating income (loss): |  |  |  |  |
The Children’s Place U.S. | $ | (86,482) |  |  | $ | (8,781) |  |  | $ | 253,419
The Children’s Place International | 2,684 |  |  | 7,251 |  |  | 22,229
Total operating income (loss) | $ | (83,798) |  |  | $ | (1,530) |  |  | $ | 275,648
Operating income (loss) as a percentage of net sales: |  |  |  |  |
The Children’s Place U.S. | (5.9) | % |  | (0.6) | % |  | 14.7 | %
The Children’s Place International | 1.8 | % |  | 4.2 | % |  | 11.6 | %
Total operating income (loss) as a percentage of net sales | (5.2) | % |  | (0.1) | % |  | 14.4 | %
Depreciation and amortization: |  |  |  |  |
The Children’s Place U.S. | $ | 43,428 |  | $ | 47,612 |  | $ | 53,984
The Children’s Place International | 3,758 |  | 3,852 |  | 4,433
Total depreciation and amortization | $ | 47,186 |  | $ | 51,464 |  | $ | 58,417
Capital expenditures: |  |  |  |  |
The Children’s Place U.S. | $ | 27,462 |  | $ | 44,970 |  | $ | 28,551
The Children’s Place International | 97 |  | 607 |  | 756
Total capital expenditures | $ | 27,559 |  | $ | 45,577 |  | $ | 29,307
____________________________________________ (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.
| February 3, 2024 |  | January 28, 2023
| (in thousands)
Total assets: |  |  |
The Children’s Place U.S. | $ | 758,003 |  |  | $ | 922,120 |
The Children’s Place International | 42,305 |  |  | 64,161 |
Total assets | $ | 800,308 |  |  | $ | 986,281 |
Geographic Information The Company’s long-lived assets were located in the following countries:
|  | February 3, 2024 |  | January 28, 2023
|  | (in thousands)
Long-lived assets (1): |  |  |  |
United States |  | $ | 334,425 |  |  | $ | 377,388 |
Canada |  | 13,382 |  |  | 9,883 |
Asia |  | 375 |  |  | 451 |
Total long-lived assets |  | $ | 348,182 |  |  | $ | 387,722 |
____________________________________________ (1)The Company’s long-lived assets are comprised of net Property and equipment, ROU assets, Tradenames, and Other assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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