v2.4.0.6

Segment Information | 6 Months Ended
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Jan. 28, 2012
Segment Information | 12. Segment Information 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 three 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:
| • |  | dressbarn segment – consists of the specialty retail and e-commerce operations of the dressbarn brand.
| • |  | maurices segment – consists of the specialty retail and e-commerce operations of the maurices brand.
| • |  | Justice segment – consists of the specialty retail, e-commerce and licensing operations of the Justice brand
The accounting policies of the Company’s reporting segments are consistent with those described in Notes 2 and 3 to the Company’s consolidated financial statements included in the Fiscal 2011 10-K. 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 the three-month and six-month periods ended January 29, 2011 have been recasted to conform to the current period’s presentation. These changes entirely related to the reallocation of corporate overhead costs to each of its three segments, and had no impact on total net sales, total operating income or total depreciation and amortization expense. Net sales, operating income, and depreciation and amortization expense for each segment under the Company’s new (recasted) basis of reporting are as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | January 28, 2012 |  |  | January 29, 2011 |  |  | January 28, 2012 |  |  | January 29, 2011 |
|  | (millions) |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
dressbarn |  | $ | 230.2 |  |  | $ | 211.6 |  |  | $ | 475.6 |  |  | $ | 451.7 |
maurices |  |  | 224.6 |  |  |  | 202.8 |  |  |  | 427.5 |  |  |  | 385.3 |
Justice |  |  | 407.2 |  |  |  | 337.7 |  |  |  | 727.2 |  |  |  | 628.4 |
Total net sales |  | $ | 862.0 |  |  | $ | 752.1 |  |  | $ | 1,630.3 |  |  | $ | 1,465.4 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
dressbarn |  | $ | (3.4 | ) |  | $ | (5.2 | ) |  | $ | 1.6 |  |  | $ | 2.1 |
maurices |  |  | 26.4 |  |  |  | 24.5 |  |  |  | 50.1 |  |  |  | 49.8 |
Justice |  |  | 77.0 |  |  |  | 52.2 |  |  |  | 124.8 |  |  |  | 97.4 |
Total operating income |  | $ | 100.0 |  |  | $ | 71.5 |  |  | $ | 176.5 |  |  | $ | 149.3 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
dressbarn |  | $ | 8.2 |  |  | $ | 6.9 |  |  | $ | 15.9 |  |  | $ | 14.2 |
maurices |  |  | 6.2 |  |  |  | 5.5 |  |  |  | 12.7 |  |  |  | 11.1 |
Justice |  |  | 11.1 |  |  |  | 9.2 |  |  |  | 21.0 |  |  |  | 19.2 |
Total depreciation and amortization expense |  | $ | 25.5 |  |  | $ | 21.6 |  |  | $ | 49.6 |  |  | $ | 44.5 |
A reconciliation of the Company’s operating income for each segment under the historical and recasted basis of reporting for the three-month and six-month periods ended January 29, 2011 is as follows:
|  | January 29, 2011 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | As Previously Reported |  |  | Adjustment |  |  | As Recasted |  |  | As Previously Reported |  |  | Adjustment |  |  | As Recasted |
|  | (millions) |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
dressbarn |  | $ | (10.3 | ) |  | $ | 5.1 |  |  | $ | (5.2 | ) |  | $ | (6.8 | ) |  | $ | 8.9 |  |  | $ | 2.1 |
maurices |  |  | 27.1 |  |  |  | (2.6 | ) |  |  | 24.5 |  |  |  | 55.0 |  |  |  | (5.2 | ) |  |  | 49.8 |
Justice |  |  | 54.7 |  |  |  | (2.5 | ) |  |  | 52.2 |  |  |  | 101.1 |  |  |  | (3.7 | ) |  |  | 97.4 |
Total operating income |  | $ | 71.5 |  |  | $ | -- |  |  | $ | 71.5 |  |  | $ | 149.3 |  |  | $ | -- |  |  | $ | 149.3 |

X
- 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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