AEO » Topics » Segment Information

These excerpts taken from the AEO 10-K filed Mar 30, 2009.
Segment Information
 
In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified four operating segments (American Eagle Brand U.S. and Canadian retail stores, aerie by American Eagle retail stores, MARTIN + OSA retail stores and AEO Direct) that reflect the basis used internally to review performance and allocate resources. All of the operating segments have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131.
 
The following tables present summarized geographical information:
 
                         
    For the Years Ended  
    January 31,
    February 2,
    February 3,
 
    2009     2008     2007  
    (In thousands)  
 
Net sales:
                       
United States
  $ 2,707,261     $ 2,770,119     $ 2,562,831  
Foreign(1)
    281,605       285,300       231,578  
                         
Total net sales
  $ 2,988,866     $ 3,055,419     $ 2,794,409  
                         
 
 
(1) Amounts represent sales from American Eagle and aerie Canadian retail stores, as well as AEO Direct sales, that are billed to and/or shipped to foreign countries.
 
                 
    January 31,
    February 2,
 
    2009     2008  
    (In thousands)  
 
Long-lived assets, net:
               
United States
  $ 708,180     $ 596,715  
Foreign
    42,766       40,332  
                 
Total long-lived assets, net
  $ 750,946     $ 637,047  
                 


50


Table of Contents

 
AMERICAN EAGLE OUTFITTERS, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Segment
Information



 



In accordance with SFAS No. 131, Disclosures about
Segments of an Enterprise and Related Information
(“SFAS No. 131”), the Company has
identified four operating segments (American Eagle Brand
U.S. and Canadian retail stores, aerie by American Eagle
retail stores, MARTIN + OSA retail stores and AEO Direct) that
reflect the basis used internally to review performance and
allocate resources. All of the operating segments have been
aggregated and are presented as one reportable segment, as
permitted by SFAS No. 131.


 



The following tables present summarized geographical information:


 





















































































































































                         

 

 

For the Years Ended

 

 

 

January 31,



 

 

February 2,



 

 

February 3,



 

 

 

2009

 

 

2008

 

 

2007

 

 

 

(In thousands)

 
 


Net sales:


 

 

 

 

 

 

 

 

 

 

 

 


United States


 

$

2,707,261

 

 

$

2,770,119

 

 

$

2,562,831

 


Foreign(1)


 

 

281,605

 

 

 

285,300

 

 

 

231,578

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total net sales


 

$

2,988,866

 

 

$

3,055,419

 

 

$

2,794,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)

Amounts represent sales from American Eagle and aerie Canadian
retail stores, as well as AEO Direct sales, that are billed to
and/or shipped to foreign countries.


 













































































































                 

 

 

January 31,



 

 

February 2,



 

 

 

2009

 

 

2008

 

 

 

(In thousands)

 
 


Long-lived assets, net:


 

 

 

 

 

 

 

 


United States


 

$

708,180

 

 

$

596,715

 


Foreign


 

 

42,766

 

 

 

40,332

 

 

 

 

 

 

 

 

 

 


Total long-lived assets, net


 

$

750,946

 

 

$

637,047

 

 

 

 

 

 

 

 

 

 









50





Table of Contents





 




AMERICAN
EAGLE OUTFITTERS, INC.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




These excerpts taken from the AEO 10-K filed Apr 2, 2008.
Segment Information
 
In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified five operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores, aerie by American Eagle retail stores, MARTIN + OSA retail stores and AEO Direct) that reflect the basis used internally to review performance and allocate resources. All of the operating segments have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Prior to its disposition, Bluenotes was presented as a separate reportable segment (see Note 11 of the Consolidated Financial Statements).


45


Table of Contents

 
AMERICAN EAGLE OUTFITTERS, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
The following tables present summarized geographical information:
 
                         
    For the Years Ended  
    February 2,
    February 3,
    January 28,
 
    2008     2007     2006  
    (In thousands)  
 
Net sales:
                       
United States
  $ 2,770,119     $ 2,562,831     $ 2,144,429  
Foreign(1)
    285,300       231,578       177,533  
                         
Total net sales
  $ 3,055,419     $ 2,794,409     $ 2,321,962  
                         
 
 
(1) Amounts represent sales from American Eagle’s Canadian retail stores, as well as AEO Direct sales, that are billed to and/or shipped to foreign countries.
 
                 
    February 2,
  February 3,
    2008   2007
    (In thousands)
 
Long-lived assets, net:
               
United States
  $ 596,715     $ 470,494  
Foreign
    40,332       21,101  
                 
Total long-lived assets, net
  $ 637,047     $ 491,595  
                 
 
Segment
Information



 



In accordance with SFAS No. 131, Disclosures about
Segments of an Enterprise and Related Information
(“SFAS No. 131”), the Company has
identified five operating segments (American Eagle
U.S. retail stores, American Eagle Canadian retail stores,
aerie by American Eagle retail stores, MARTIN + OSA retail
stores and AEO Direct) that reflect the basis used internally to
review performance and allocate resources. All of the operating
segments have been aggregated and are presented as one
reportable segment, as permitted by SFAS No. 131,
based on their similar economic characteristics, products,
production processes, target customers and distribution methods.
Prior to its disposition, Bluenotes was presented as a separate
reportable segment (see Note 11 of the Consolidated
Financial Statements).





45





Table of Contents





 




AMERICAN
EAGLE OUTFITTERS, INC.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



The following tables present summarized geographical information:


 





















































































































































                         

 

 

For the Years Ended

 

 

 

February 2,



 

 

February 3,



 

 

January 28,



 

 

 

2008

 

 

2007

 

 

2006

 

 

 

(In thousands)

 
 


Net sales:


 

 

 

 

 

 

 

 

 

 

 

 


United States


 

$

2,770,119

 

 

$

2,562,831

 

 

$

2,144,429

 


Foreign(1)


 

 

285,300

 

 

 

231,578

 

 

 

177,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total net sales


 

$

3,055,419

 

 

$

2,794,409

 

 

$

2,321,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)

Amounts represent sales from American Eagle’s Canadian
retail stores, as well as AEO Direct sales, that are billed to
and/or
shipped to foreign countries.


 








































































































                 

 

 

February 2,



 

February 3,



 

 

2008

 

2007

 

 

(In thousands)
 


Long-lived assets, net:


 

 

 

 

 

 

 

 


United States


 

$

596,715

 

 

$

470,494

 


Foreign


 

 

40,332

 

 

 

21,101

 

 

 

 

 

 

 

 

 

 


Total long-lived assets, net


 

$

637,047

 

 

$

491,595

 

 

 

 

 

 

 

 

 

 






 




This excerpt taken from the AEO 10-Q filed Dec 6, 2007.

Segment Information

In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified four operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores, ae.com and MARTIN + OSA) that reflect the basis used internally to review performance and allocate resources. Three of the operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores and ae.com, collectively the “AE brand”) have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Our intimates sub-brand, aerie by American Eagle, was not identified as a separate operating segment under SFAS No. 131 as it is reviewed and operated as a component of the operating segments comprising the AE brand. At the end of the current period, MARTIN + OSA was determined to be immaterial for segment reporting purposes. Therefore, the Company has combined MARTIN + OSA with the AE Brand operating segment as one reportable segment. The Company will continue to monitor the materiality of MARTIN + OSA and will present it as a separate reportable segment at the time it becomes material to the Consolidated Financial Statements.

This excerpt taken from the AEO 10-Q filed Sep 6, 2007.

Segment Information

In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified four operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores, ae.com and MARTIN + OSA) that reflect the basis used internally to review performance and allocate resources. Three of the operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores and ae.com, collectively the “AE brand”) have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Our intimates sub-brand, aerie by American Eagle, was not identified as a separate operating segment under SFAS No. 131 as it is reviewed and operated as a component of the operating segments comprising the AE brand. At the end of the current period, MARTIN + OSA was determined to be immaterial for segment reporting purposes. Therefore, the Company has combined MARTIN + OSA with the AE Brand operating segment as one reportable segment. The Company will continue to monitor the materiality of MARTIN + OSA and will present it as a separate reportable segment at the time it becomes material to the Consolidated Financial Statements.

This excerpt taken from the AEO 10-Q filed Jun 7, 2007.

Segment Information

In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified four operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores, ae.com and MARTIN + OSA) that reflect the basis used internally to review performance and allocate resources. Three of the operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores and ae.com, collectively the “AE brand”) have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Our intimates sub-brand, aerie by American Eagle, was not identified as a separate operating segment under SFAS No. 131 as it is reviewed and operated as a component of the operating segments comprising the AE brand. At the end of the current period, MARTIN + OSA was determined to be immaterial for segment reporting purposes. Therefore, the Company has combined MARTIN + OSA with the AE Brand operating segment as one reportable segment. The Company will continue to monitor the materiality of MARTIN + OSA and will present it as a separate reportable segment at the time it becomes material to the Consolidated Financial Statements.

This excerpt taken from the AEO 10-K filed Apr 4, 2007.

Segment Information

In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified four operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores, ae.com and MARTIN + OSA) that reflect the basis used internally to review performance and allocate resources. Three of the operating segments (American Eagle U.S. retail stores, American Eagle Canadian retail stores and ae.com, collectively the “AE brand”) have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Our new intimates sub-brand, aerie by American Eagle, was not identified as a separate operating segment under SFAS No. 131 as it is reviewed and operated as a component of the operating segments comprising the AE brand. MARTIN + OSA was determined to be immaterial for segment reporting purposes. Therefore, the Company will combine MARTIN + OSA with the AE Brand operating segment as one reportable segment. The Company will continue to monitor the materiality of MARTIN + OSA and will present it as a separate reportable segment at the time it becomes material to the Consolidated Financial Statements. Prior to its disposition, Bluenotes was presented as a separate reportable segment (see Note 9 of the Consolidated Financial Statements).

 

AMERICAN EAGLE OUTFITTERS   PAGE  45


The following tables present summarized geographical information:

 

     For the Years Ended
(In thousands)    February 3,
2007
   January 28,
2006
   January 29,
2005

Net sales (1):

        

United States

   $ 2,562,831    $ 2,144,429    $ 1,760,111

Foreign (2)

     231,578      177,533      129,536

Total net sales

   $ 2,794,409    $ 2,321,962    $ 1,889,647

(1) Bluenotes’ net sales amounts have been excluded from all periods as they are being presented in discontinued operations. See Note 9 of the Consolidated Financial Statements for additional information regarding Bluenotes.
(2) Amounts represent sales from American Eagle’s Canadian retail stores, as well as ae.com sales, that are billed to and/or shipped to foreign countries.

 

(In thousands)    February 3,
2007
   January 28,
2006

Long-lived assets, net:

     

United States

   $ 470,494    $ 329,050

Foreign (1)

     21,101      26,418

Total long-lived assets, net (1)

   $ 491,595    $ 355,468

(1) Long-lived assets as of January 28, 2006 do not include the assets of NLS subject to the sales agreement entered into during the fourth quarter of Fiscal 2005, as they have been classified as held-for-sale. As of February 3, 2007, there were no remaining assets related to NLS. See Note 9 of the Consolidated Financial Statements for additional information regarding NLS.
This excerpt taken from the AEO 10-Q filed Sep 13, 2006.

Segment Information

In accordance with SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information ("SFAS No. 131"), the Company has identified three operating segments (U.S. retail stores, Canadian retail stores and the Company's e-commerce operation, ae.com) that reflect the basis used internally to review performance and allocate resources. The three operating segments have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Prior to its disposition, Bluenotes was presented as a separate reportable segment. (See Note 7 of the Consolidated Financial Statements.)

This excerpt taken from the AEO 10-K filed Apr 5, 2006.

Segment Information

In accordance with Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information (“SFAS No. 131”), the Company has identified three operating segments (U.S. retail stores, Canadian retail stores and the Company’s e-commerce operation, ae.com) that reflect the basis used internally to review performance and allocate resources. The three operating segments have been aggregated and are presented as one reportable segment, as permitted by SFAS No. 131, based on their similar economic characteristics, products, production processes, target customers and distribution methods. Prior to its disposition, Bluenotes was presented as a separate reportable segment. (See Note 9 of the Consolidated Financial Statements.)

 

43


Table of Contents

The following tables present summarized geographical information:

 

     For the Years Ended
(In thousands)    January 28,
2006
   January 29,
2005
   January 31,
2004

Net sales (1):

        

United States

   $ 2,132,497    $ 1,751,776    $ 1,339,636

Foreign (2)

     176,874      129,465      95,800
                    

Total net sales

   $ 2,309,371    $ 1,881,241    $ 1,435,436
                    

(1) Net sales data represents American Eagle operations only. Bluenotes’ net sales amounts have been excluded from all periods as they are being presented in discontinued operations. See Note 9 of the Consolidated Financial Statements for additional information regarding Bluenotes.
(2) Amounts represent sales from American Eagle’s Canadian retail stores, as well as AE Direct sales, which are billed to and/or shipped to foreign countries.

 

(In thousands)    January 28,
2006
   January 29,
2005

Long-lived assets, net:

     

United States

   $ 329,050    $ 320,021

Foreign (1)

     26,418      29,762
             

Total long-lived assets, net (1)

   $ 355,468    $ 349,783
             

(1) Long-lived assets as of January 28, 2006 and January 29, 2005 do not include the assets of National Logistics Services subject to the sales agreement entered into during the fourth quarter of Fiscal 2005, as they have been classified as held-for-sale. See Note 9 of the Consolidated Financial Statements for additional information regarding National Logistics Services.
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