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Reportable Segment Information - Notes to Financial Statements | 12 Months Ended
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Feb. 02, 2019
Reportable Segment Information [Abstract] |
Reportable Segment Information | 14. Reportable Segment Information The Company has determined that it has four operating segments, as defined under ASC 280-10, including Cato, It’s Fashion, Versona and Credit. As outlined in ASC 280-10, the Company has two reportable segments: Retail and Credit. The Company has aggregated its three retail operating segments, including e-commerce, based on the aggregation criteria outlined in ASC 280-10, which states that two or more operating segments may be aggregated into a single reportable segmen t if aggregation is consistent with the objective and basic principles of ASC 280-10, which require the segments have similar economic characteristics, products, production processes, clients and methods of distribution. The Company’s retail operating se gments have similar economic characteristics and similar operating, financial and competitive risks. They are similar in terms of product offered, as they all offer women’s apparel, shoes and accessories. Merchandise inventory of the Company’s retail ope rating segments is sourced from the same countries and some of the same vendors, using similar production processes. Merchandise for the Company’s retail operating segments is distributed to retail stores in a similar manner through the Company’s single d istribution center and is subsequently distributed to clients in a similar manner. The Company offers its own credit card to its customers and all credit authorizations, payment processing, and collection efforts are performed by a separate subsidiary of the Company. The following schedule summarizes certain segment information (in thousands):
| Fiscal 2018 |  |  | Retail |  |  | Credit |  |  | Total
| Revenues |  | $ | 825,850 |  | $ | 3,814 |  | $ | 829,664
| Depreciation |  |  | 16,441 |  |  | 22 |  |  | 16,463
| Interest and other income |  |  | 4,991 |  |  | - |  |  | 4,991
| Income before taxes |  |  | 31,149 |  |  | 1,902 |  |  | 33,051
| Capital expenditures |  |  | 4,315 |  |  | 39 |  |  | 4,354
| Fiscal 2017 |  |  | Retail |  |  | Credit |  |  | Total
| Revenues |  | $ | 845,759 |  | $ | 4,222 |  | $ | 849,981
| Depreciation |  |  | 19,604 |  |  | 39 |  |  | 19,643
| Interest and other income |  |  | 5,111 |  |  | - |  |  | 5,111
| Income before taxes |  |  | 14,762 |  |  | 1,211 |  |  | 15,973
| Capital expenditures |  |  | 11,047 |  |  | 49 |  |  | 11,096
| Fiscal 2016 |  |  | Retail |  |  | Credit |  |  | Total
| Revenues |  | $ | 951,663 |  | $ | 4,906 |  | $ | 956,569
| Depreciation |  |  | 22,667 |  |  | 49 |  |  | 22,716
| Interest and other income |  |  | 7,041 |  |  | - |  |  | 7,041
| Income before taxes |  |  | 47,447 |  |  | 1,667 |  |  | 49,114
| Capital expenditures |  |  | 27,248 |  |  | 49 |  |  | 27,297
|  |  |  | Retail |  |  | Credit |  |  | Total
| Total assets as of February 2, 2019 |  | $ | 454,143 |  | $ | 43,763 |  | $ | 497,906
| Total assets as of February 3, 2018 |  |  | 469,652 |  |  | 46,424 |  |  | 516,076
The accounting policies of the segments are the same as those described in the Summary of Significant A ccounting P olicies in Note 1. The Company evaluates performance based on profit or loss from operations before income taxes. The Company does not allocate certain corporate expenses to the credit segment. The following schedule summarizes the direct expenses of the credit segment which are reflected in S elling, general and administrative expenses (in thousands):
|  | February 2, 2019 |  | February 3, 2018 |  | January 28, 2017 |
Bad debt expense | $ | - | $ | 690 | $ | 832 |
Payroll |  | 749 |  | 861 |  | 865 |
Postage |  | 506 |  | 546 |  | 635 |
Other expenses |  | 635 |  | 875 |  | 858 |
Total expenses | $ | 1,890 | $ | 2,972 | $ | 3,190 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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