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Segments | 12 Months Ended
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Jul. 28, 2012
Segments | 20. Segments The Company’s segment reporting structure reflects a brand-focused approach, designed to optimize the operational coordination and resource allocation of its businesses across multiple functional areas including specialty retail, e-commerce and licensing. The five reportable segments described below represent the Company’s brand-based activities for which separate financial information is available and which is utilized on a regular basis by the Company’s executive team to evaluate performance and allocate resources. In identifying reportable segments, the Company considers economic characteristics, as well as products, customers, sales growth potential and long-term profitability. As such, the Company’s reports its operations in three reportable segments as follows:
| • | Justice segment – consists of the specialty retail, outlet, e-commerce and licensing operations of the Justice brand.
| • | Lane Bryant segment – consists of the specialty retail, outlet and e-commerce operations of the Lane Bryant brand.
| • | maurices segment – consists of the specialty retail, outlet and e-commerce operations of the maurices brand.
| • | dressbarn segment – consists of the specialty retail, outlet and e-commerce operations of the dressbarn brand.
| • | Catherines segment - consists of the specialty retail, outlet and e-commerce operations of the Catherines brand.
The accounting policies of the Company’s reporting segments are consistent with those described in Notes 2 and 3. All intercompany revenues are eliminated in consolidation. Corporate overhead expenses are allocated to the segments based upon specific usage or other reasonable allocation methods. Due to changes in the Company’s corporate overhead cost allocation methodology implemented in Fiscal 2012 as discussed in Note 2, segment information for Fiscal 2011 has been recasted to conform to the current period’s presentation. These changes related entirely to the reallocation of corporate overhead costs to each segment, and had no impact on total net sales, total operating income or total depreciation and amortization expense. Net sales and operating income for each segment are as follows:
|  | Fiscal Years Ended |
|  | July 28, 2012 |  |  | July 30, 2011 |  |  | July 31, 2010 |
|  | (millions) |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Justice (a) |  | $ | 1,306.7 |  |  | $ | 1,150.0 |  |  | $ | 711.9 |
Lane Bryant (b) |  |  | 119.7 |  |  |  | — |  |  |  | — |
maurices |  |  | 852.9 |  |  |  | 776.5 |  |  |  | 680.7 |
dressbarn |  |  | 1,037.6 |  |  |  | 987.5 |  |  |  | 982.0 |
Catherines (b) |  |  | 36.4 |  |  |  | — |  |  |  | — |
Total net sales |  | $ | 3,353.3 |  |  | $ | 2,914.0 |  |  | $ | 2,374.6 |
Operating income |  |  |  |  |  |  |  |  |  |  |  |
Justice (a) |  | $ | 172.5 |  |  | $ | 129.3 |  |  | $ | 59.1 |
Lane Bryant (b) |  |  | (10.1 | ) |  |  | — |  |  |  | — |
maurices |  |  | 102.7 |  |  |  | 104.5 |  |  |  | 84.4 |
dressbarn |  |  | 56.9 |  |  |  | 56.0 |  |  |  | 74.0 |
Catherines (b) |  |  | (4.0 | ) |  |  | — |  |  |  | — |
Subtotal |  |  | 318.0 |  |  |  | 289.8 |  |  |  | 217.5 |
Less unallocated acquisition-related, integration and restructuring costs |  |  | (25.4 | ) |  |  | — |  |  |  | — |
Total operating income |  | $ | 292.6 |  |  | $ | 289.8 |  |  | $ | 217.5 |
(a) The Tween Brands Merger was consummated on November 25, 2009; therefore data related to Fiscal 2010 is only for a partial period from the merger date to July 31, 2010. (b) The Charming Shoppes Acquisition was consummated on June 14, 2012; therefore the data related to the Lane Bryant and Catherines segments for Fiscal 2012 is only a partial period from the acquisition date to July 28, 2012. A reconciliation of the Company’s operating income for each segment under the historical and recasted basis of reporting for Fiscal 2011 and Fiscal 2010 is as follows:
|  | Fiscal 2011 |  |  | Fiscal 2010 |
|  | As Previously Reported |  |  | Adjustment |  |  | As Recasted |  |  | As Previously Reported |  |  | Adjustment |  |  | As Recasted |
|  | (millions) |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Justice |  | $ | 137.8 |  |  | $ | (8.5 | ) |  | $ | 129.3 |  |  | $ | 64.7 |  |  | $ | (5.6 | ) |  | $ | 59.1 |
maurices |  |  | 114.6 |  |  |  | (10.1 | ) |  |  | 104.5 |  |  |  | 93.0 |  |  |  | (8.6 | ) |  |  | 84.4 |
dressbarn |  |  | 37.4 |  |  |  | 18.6 |  |  |  | 56.0 |  |  |  | 59.8 |  |  |  | 14.2 |  |  |  | 74.0 |
Total operating income |  | $ | 289.8 |  |  | $ | — |  |  | $ | 289.8 |  |  | $ | 217.5 |  |  | $ | — |  |  | $ | 217.5 |
Depreciation and amortization expense and capital expenditures for each segment are as follows:
|  | Fiscal Years Ended |
|  | July 28, 2012 |  |  | July 30, 2011 |  |  | July 31, 2010 |
|  | (millions) |
Depreciation and amortization expense |  |  |  |  |  |  |  |  |  |  |  |
Justice (a) |  | $ | 42.8 |  |  | $ | 39.0 |  |  | $ | 23.7 |
Lane Bryant (b) |  |  | 5.2 |  |  |  | — |  |  |  | — |
maurices |  |  | 26.1 |  |  |  | 22.2 |  |  |  | 20.8 |
dressbarn |  |  | 32.5 |  |  |  | 28.6 |  |  |  | 27.1 |
Catherines (b) |  |  | 0.8 |  |  |  | — |  |  |  | —- |
Total depreciation and amortization expense |  | $ | 107.4 |  |  | $ | 89.8 |  |  | $ | 71.6 |
Capital expenditures (c) |  |  |  |  |  |  |  |  |  |  |  |
Justice (a) |  | $ | 58.9 |  |  | $ | 34.5 |  |  | $ | 12.5 |
Lane Bryant (b) |  |  | 3.9 |  |  |  | — |  |  |  | — |
maurices |  |  | 42.4 |  |  |  | 36.6 |  |  |  | 28.0 |
dressbarn |  |  | 45.0 |  |  |  | 31.0 |  |  |  | 24.7 |
Catherines (b) |  |  | 0.2 |  |  |  | — |  |  |  | — |
Total capital expenditures |  | $ | 150.4 |  |  | $ | 102.1 |  |  | $ | 65.2 |
(a) The Tween Brands Merger was consummated on November 25, 2009; therefore data related to Fiscal 2010 is only for a partial period from the merger date to July 31, 2010. (b) The Charming Shoppes Acquisition was consummated on June 14, 2012; therefore the data related to the Lane Bryant and Catherines segments for Fiscal 2012 is only a partial period from the acquisition date to July 28, 2012. (c) Excludes non-cash capital expenditures of $13.4 million in Fiscal 2012, $3.6 million in Fiscal 2011 and $6.5 million in Fiscal 2010.
Total assets for each segment are as follows: |  | Fiscal Years Ended |
|  | July 28, 2012 |  |  | July 30, 2011 |
|  | (millions) |
Assets |  |  |  |  |  |  |  |
Justice |  | $ | 694.7 |  |  | $ | 636.6 |
Lane Bryant (a) |  |  | 1,016.4 |  |  |  | — |
maurices |  |  | 499.7 |  |  |  | 486.4 |
dressbarn |  |  | 287.3 |  |  |  | 356.6 |
Catherines (a) |  |  | 89.6 |  |  |  | — |
Corporate (b) |  |  | 219.4 |  |  |  | 360.0 |
Total assets |  | $ | 2,807.1 |  |  | $ | 1,839.6 |
(a) The Charming Shoppes Acquisition was consummated on June 14, 2012; therefore data related to the Lane Bryant and Catherines segments for the prior reporting period is not presented. (b) Includes assets specifically identified as Corporate assets, principally cash, investments, other corporate assets and, for Fiscal 2012, assets related to discontinued operations. The Company’s operations are largely concentrated in the United States and Canada. Accordingly, net revenues and long-lived assets by geographical location are not meaningful at this time.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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