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v3.25.1

Segment and Geographical Financial Information (Tables) | 12 Months Ended
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Feb. 01, 2025
Segment Reporting [Abstract] |
Summary of Reportable Segments Information | A summary of financial information by reportable segment is as follows:
(in thousands) |  | Vince Wholesale |  |  | Vince Direct-to-consumer |  |  | Total |
Fiscal Year 2024 |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 165,349 |  |  | $ | 128,103 |  |  | $ | 293,452 |
Cost of Products Sold* |  |  | 98,800 |  |  |  | 49,473 |  |  |  | 148,273 |
Staff and Personnel |  |  | 4,218 |  |  |  | 23,796 |  |  |  | 28,014 |
Occupancy |  |  | 380 |  |  |  | 26,115 |  |  |  | 26,495 |
Marketing and advertising |  |  | 547 |  |  |  | 9,420 |  |  |  | 9,967 |
Other segment items(1) |  |  | 3,499 |  |  |  | 16,329 |  |  |  | 19,828 |
Total segment income before income taxes and equity in net income of equity method investment |  |  | 57,905 |  |  |  | 2,970 |  |  |  | 60,875 |
Unallocated Corporate(4) |  |  |  |  |  |  |  |  | (91,909 | )
Rebecca Taylor and Parker(2) |  |  |  |  |  |  |  |  | 7,633 |
Total loss before income taxes and equity in net income of equity method investment |  |  |  |  |  |  |  | $ | (23,401 | )
Fiscal Year 2023 |  |  |  |  |  |  |  |  |
Total Segment Net Sales |  | $ | 149,603 |  |  | $ | 143,096 |  |  | $ | 292,699 |
Rebecca Taylor and Parker(3) |  |  |  |  |  |  |  |  | 191 |
Total Net Sales |  |  |  |  |  |  |  |  | 292,890 |
Cost of Products Sold* |  |  | 97,742 |  |  |  | 61,856 |  |  |  | 159,598 |
Staff and Personnel |  |  | 3,860 |  |  |  | 26,400 |  |  |  | 30,260 |
Occupancy |  |  | 249 |  |  |  | 23,223 |  |  |  | 23,472 |
Marketing and advertising |  |  | 805 |  |  |  | 9,147 |  |  |  | 9,952 |
Other segment items(1) |  |  | 3,531 |  |  |  | 16,696 |  |  |  | 20,227 |
Total segment income before income taxes and equity in net income of equity method investment |  |  | 43,416 |  |  |  | 5,774 |  |  |  | 49,190 |
Unallocated Corporate(4) |  |  |  |  |  |  |  |  | (31,127 | )
Rebecca Taylor and Parker(3) |  |  |  |  |  |  |  |  | 2,443 |
Total income before income taxes and equity in net income of equity method investment |  |  |  |  |  |  |  | $ | 20,506 |
|  | Fiscal Year |
|  | 2024 |  |  | 2023 |
Depreciation and Amortization: |  |  |  |  |  |
Vince Wholesale |  | $ | 119 |  |  | $ | 248 |
Vince Direct-to-Consumer |  |  | 3,005 |  |  |  | 2,931 |
Total Segment Depreciation and Amortization |  |  | 3,124 |  |  |  | 3,179 |
Unallocated Corporate |  |  | 882 |  |  |  | 1,760 |
Total Depreciation and Amortization |  |  | 4,006 |  |  |  | 4,939 |
Capital Expenditures: |  |  |  |  |  |
Vince Wholesale |  |  | 530 |  |  |  | 127 |
Vince Direct-to-Consumer |  |  | 3,274 |  |  |  | 1,191 |
Total Segment Capital Expenditures |  |  | 3,804 |  |  |  | 1,318 |
Unallocated Corporate |  |  | 428 |  |  |  | 142 |
Total Capital Expenditures |  |  | 4,232 |  |  |  | 1,460 |
Total Assets: |  |  |  |  |  |
Vince Wholesale |  |  | 68,488 |  |  |  | 51,489 |
Vince Direct-to-Consumer |  |  | 100,114 |  |  |  | 87,648 |
Total Segment Assets |  |  | 168,602 |  |  |  | 139,137 |
Unallocated Corporate |  |  | 54,133 |  |  |  | 86,012 |
Total Assets |  |  | 222,735 |  |  |  | 225,149 |
(1) Other segment items primarily include various third party expenses, banking fees, depreciation and amortization, supplies, and commissions. (2) Activity for the Rebecca Taylor and Parker reconciling item for fiscal 2024 primarily consists of the gain recognized on the sale of Rebecca Taylor. See Note 2 "Recent Transactions" for further information. (3) Activity for Rebecca Taylor and Parker reconciling item for fiscal 2023 consisted of $191 of sales through wholesale distribution channels of residual revenue contracted prior to the sale of the Rebecca Taylor tradename. In addition, activity also includes a $765 gain associated with the sale of the Parker tradename, a net benefit of $1,750 from the wind down of the Rebecca Taylor business, and $150 of transaction related expenses associated with the sale of the Parker tradename. See Note 2 "Recent Transactions" for further information. (4) Unallocated corporate includes the goodwill impairment charge of $31,973 for fiscal 2024 and the $32,043 gain related to the sale of the Vince intellectual property and certain related ancillary assets for fiscal 2023. See Note 3 "Goodwill and Intangible Assets" and Note 2 "Recent Transactions" for further information. * Cost of Products Sold for fiscal 2024 includes royalty expenses of $10,106 and $3,857 for the Wholesale and Direct-to-consumer segments, respectively. Cost of Products Sold for fiscal 2023 includes royalty expenses of $6,388 and $3,098 for the Wholesale and Direct-to-consumer segments, respectively.

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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