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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Oxford Industries Inc | NYSE:OXM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.51 | 0.47% | 109.33 | 110.16 | 109.33 | 109.81 | 5,368 | 15:34:45 |
þ
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
|
For the quarterly period ended October 28, 2017
|
|
|
|
or
|
|
|
¨
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
|
For the transition period from
to
|
Georgia
|
|
58-0831862
|
(State or other jurisdiction of incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer
x
|
Accelerated filer
o
|
Non-accelerated filer
¨
|
Smaller reporting company
¨
|
Emerging growth company
¨
|
|
|
(Do not check if a smaller reporting company)
|
|
|
|
|
Number of shares outstanding
|
Title of each class
|
|
as of December 1, 2017
|
Common Stock, $1 par value
|
|
16,833,204
|
|
Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2018
|
|
52 weeks ending February 2, 2019
|
Fiscal 2017
|
|
53 weeks ending February 3, 2018
|
Fiscal 2016
|
|
52 weeks ended January 28, 2017
|
Fiscal 2015
|
|
52 weeks ended January 30, 2016
|
Fourth Quarter Fiscal 2017
|
|
14 weeks ending February 3, 2018
|
Third Quarter Fiscal 2017
|
|
13 weeks ended October 28, 2017
|
Second Quarter Fiscal 2017
|
|
13 weeks ended July 29, 2017
|
First Quarter Fiscal 2017
|
|
13 weeks ended April 29, 2017
|
Fourth Quarter Fiscal 2016
|
|
13 weeks ended January 28, 2017
|
Third Quarter Fiscal 2016
|
|
13 weeks ended October 29, 2016
|
Second Quarter Fiscal 2016
|
|
13 weeks ended July 30, 2016
|
First Quarter Fiscal 2016
|
|
13 weeks ended April 30, 2016
|
First Nine Months Fiscal 2017
|
|
39 weeks ended October 28, 2017
|
First Nine Months Fiscal 2016
|
|
39 weeks ended October 29, 2016
|
First Half Fiscal 2017
|
|
26 weeks ended July 29, 2017
|
First Half Fiscal 2016
|
|
26 weeks ended July 30, 2016
|
|
October 28,
2017 |
|
January 28,
2017 |
|
October 29,
2016 |
||||||
ASSETS
|
|
|
|
|
|
|
|
|
|||
Current Assets
|
|
|
|
|
|
|
|
|
|||
Cash and cash equivalents
|
$
|
6,077
|
|
|
$
|
6,332
|
|
|
$
|
5,351
|
|
Receivables, net
|
73,724
|
|
|
58,279
|
|
|
68,492
|
|
|||
Inventories, net
|
127,301
|
|
|
142,175
|
|
|
136,383
|
|
|||
Prepaid expenses
|
27,619
|
|
|
24,842
|
|
|
29,558
|
|
|||
Total Current Assets
|
$
|
234,721
|
|
|
$
|
231,628
|
|
|
$
|
239,784
|
|
Property and equipment, net
|
191,038
|
|
|
193,931
|
|
|
195,799
|
|
|||
Intangible assets, net
|
175,057
|
|
|
175,245
|
|
|
185,957
|
|
|||
Goodwill
|
63,443
|
|
|
60,015
|
|
|
51,053
|
|
|||
Other non-current assets, net
|
24,250
|
|
|
24,340
|
|
|
22,882
|
|
|||
Total Assets
|
$
|
688,509
|
|
|
$
|
685,159
|
|
|
$
|
695,475
|
|
|
|
|
|
|
|
||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
|||
Current Liabilities
|
|
|
|
|
|
|
|
|
|||
Accounts payable
|
$
|
59,230
|
|
|
$
|
76,825
|
|
|
$
|
53,144
|
|
Accrued compensation
|
24,434
|
|
|
19,711
|
|
|
18,181
|
|
|||
Other accrued expenses and liabilities
|
30,542
|
|
|
32,000
|
|
|
26,358
|
|
|||
Liabilities related to discontinued operations
|
3,709
|
|
|
2,860
|
|
|
—
|
|
|||
Total Current Liabilities
|
$
|
117,915
|
|
|
$
|
131,396
|
|
|
$
|
97,683
|
|
Long-term debt
|
72,131
|
|
|
91,509
|
|
|
142,425
|
|
|||
Other non-current liabilities
|
73,487
|
|
|
70,002
|
|
|
69,176
|
|
|||
Deferred taxes
|
16,829
|
|
|
13,578
|
|
|
13,643
|
|
|||
Liabilities related to discontinued operations
|
972
|
|
|
2,544
|
|
|
3,279
|
|
|||
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|||
Shareholders’ Equity
|
|
|
|
|
|
|
|
|
|||
Common stock, $1.00 par value per share
|
16,833
|
|
|
16,769
|
|
|
16,773
|
|
|||
Additional paid-in capital
|
134,561
|
|
|
131,144
|
|
|
129,762
|
|
|||
Retained earnings
|
260,809
|
|
|
233,493
|
|
|
228,016
|
|
|||
Accumulated other comprehensive loss
|
(5,028
|
)
|
|
(5,276
|
)
|
|
(5,282
|
)
|
|||
Total Shareholders’ Equity
|
$
|
407,175
|
|
|
$
|
376,130
|
|
|
$
|
369,269
|
|
Total Liabilities and Shareholders’ Equity
|
$
|
688,509
|
|
|
$
|
685,159
|
|
|
$
|
695,475
|
|
|
Third Quarter Fiscal 2017
|
|
Third Quarter Fiscal 2016
|
|
First Nine Months Fiscal 2017
|
|
First Nine Months Fiscal 2016
|
||||||||
Net sales
|
$
|
235,960
|
|
|
$
|
222,308
|
|
|
$
|
793,032
|
|
|
$
|
761,539
|
|
Cost of goods sold
|
110,784
|
|
|
104,254
|
|
|
342,477
|
|
|
327,225
|
|
||||
Gross profit
|
$
|
125,176
|
|
|
$
|
118,054
|
|
|
$
|
450,555
|
|
|
$
|
434,314
|
|
SG&A
|
127,091
|
|
|
121,442
|
|
|
393,193
|
|
|
374,379
|
|
||||
Royalties and other operating income
|
3,039
|
|
|
3,061
|
|
|
10,123
|
|
|
10,433
|
|
||||
Operating income (loss)
|
$
|
1,124
|
|
|
$
|
(327
|
)
|
|
$
|
67,485
|
|
|
$
|
70,368
|
|
Interest expense, net
|
683
|
|
|
716
|
|
|
2,355
|
|
|
2,505
|
|
||||
Earnings (loss) from continuing operations before income taxes
|
$
|
441
|
|
|
$
|
(1,043
|
)
|
|
$
|
65,130
|
|
|
$
|
67,863
|
|
Income taxes
|
(631
|
)
|
|
555
|
|
|
24,172
|
|
|
25,408
|
|
||||
Net earnings (loss) from continuing operations
|
$
|
1,072
|
|
|
$
|
(1,598
|
)
|
|
$
|
40,958
|
|
|
$
|
42,455
|
|
Earnings from discontinued operations, net of taxes
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||
Net earnings (loss)
|
$
|
1,072
|
|
|
$
|
(1,598
|
)
|
|
$
|
40,958
|
|
|
$
|
42,455
|
|
Net earnings (loss) from continuing operations per share:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
$
|
0.06
|
|
|
$
|
(0.10
|
)
|
|
$
|
2.47
|
|
|
$
|
2.57
|
|
Diluted
|
$
|
0.06
|
|
|
$
|
(0.10
|
)
|
|
$
|
2.45
|
|
|
$
|
2.55
|
|
Earnings from discontinued operations, net of taxes, per share:
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Diluted
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Net earnings (loss) per share:
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
0.06
|
|
|
$
|
(0.10
|
)
|
|
$
|
2.47
|
|
|
$
|
2.57
|
|
Diluted
|
$
|
0.06
|
|
|
$
|
(0.10
|
)
|
|
$
|
2.45
|
|
|
$
|
2.55
|
|
Weighted average shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
16,618
|
|
|
16,531
|
|
|
16,591
|
|
|
16,516
|
|
||||
Diluted
|
16,735
|
|
|
16,531
|
|
|
16,710
|
|
|
16,635
|
|
||||
Dividends declared per share
|
$
|
0.27
|
|
|
$
|
0.27
|
|
|
$
|
0.81
|
|
|
$
|
0.81
|
|
|
Third Quarter Fiscal 2017
|
|
Third Quarter Fiscal 2016
|
|
First Nine Months Fiscal 2017
|
|
First Nine Months Fiscal 2016
|
||||||||
Net earnings (loss)
|
$
|
1,072
|
|
|
$
|
(1,598
|
)
|
|
$
|
40,958
|
|
|
$
|
42,455
|
|
Other comprehensive income (loss), net of taxes:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net foreign currency translation adjustment
|
(617
|
)
|
|
(172
|
)
|
|
248
|
|
|
1,547
|
|
||||
Total other comprehensive (loss) income, net of taxes
|
$
|
(617
|
)
|
|
$
|
(172
|
)
|
|
$
|
248
|
|
|
$
|
1,547
|
|
Comprehensive income (loss)
|
$
|
455
|
|
|
$
|
(1,770
|
)
|
|
$
|
41,206
|
|
|
$
|
44,002
|
|
|
First Nine Months Fiscal 2017
|
|
First Nine Months Fiscal 2016
|
||||
Cash Flows From Operating Activities:
|
|
|
|
|
|
||
Net earnings
|
$
|
40,958
|
|
|
$
|
42,455
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
|
|
|
||||
Depreciation
|
29,779
|
|
|
29,070
|
|
||
Amortization of intangible assets
|
1,733
|
|
|
1,744
|
|
||
Equity compensation expense
|
4,616
|
|
|
5,332
|
|
||
Amortization of deferred financing costs
|
317
|
|
|
586
|
|
||
Deferred income taxes
|
3,376
|
|
|
6,008
|
|
||
Changes in working capital, net of acquisitions and dispositions:
|
|
|
|
||||
Receivables, net
|
(17,227
|
)
|
|
(2,204
|
)
|
||
Inventories, net
|
17,017
|
|
|
10,118
|
|
||
Prepaid expenses
|
(2,713
|
)
|
|
(6,510
|
)
|
||
Current liabilities
|
(14,217
|
)
|
|
(33,229
|
)
|
||
Other non-current assets, net
|
(241
|
)
|
|
(717
|
)
|
||
Other non-current liabilities
|
1,880
|
|
|
654
|
|
||
Cash provided by operating activities
|
$
|
65,278
|
|
|
$
|
53,307
|
|
Cash Flows From Investing Activities:
|
|
|
|
|
|
||
Acquisitions, net of cash acquired
|
(5,055
|
)
|
|
(94,960
|
)
|
||
Purchases of property and equipment
|
(26,357
|
)
|
|
(40,144
|
)
|
||
Other investing activities
|
—
|
|
|
(2,029
|
)
|
||
Cash used in investing activities
|
$
|
(31,412
|
)
|
|
$
|
(137,133
|
)
|
Cash Flows From Financing Activities:
|
|
|
|
|
|
||
Repayment of revolving credit arrangements
|
(199,765
|
)
|
|
(339,560
|
)
|
||
Proceeds from revolving credit arrangements
|
180,387
|
|
|
438,010
|
|
||
Deferred financing costs paid
|
—
|
|
|
(1,430
|
)
|
||
Proceeds from issuance of common stock
|
1,071
|
|
|
993
|
|
||
Repurchase of equity awards for employee tax withholding liabilities
|
(2,206
|
)
|
|
(1,868
|
)
|
||
Cash dividends declared and paid
|
(13,641
|
)
|
|
(13,590
|
)
|
||
Cash (used in) provided by financing activities
|
$
|
(34,154
|
)
|
|
$
|
82,555
|
|
Net change in cash and cash equivalents
|
$
|
(288
|
)
|
|
$
|
(1,271
|
)
|
Effect of foreign currency translation on cash and cash equivalents
|
33
|
|
|
299
|
|
||
Cash and cash equivalents at the beginning of year
|
6,332
|
|
|
6,323
|
|
||
Cash and cash equivalents at the end of the period
|
$
|
6,077
|
|
|
$
|
5,351
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
||
Cash paid for interest, net
|
$
|
2,098
|
|
|
$
|
2,067
|
|
Cash paid for income taxes
|
$
|
19,536
|
|
|
$
|
26,103
|
|
1.
|
Basis of Presentation:
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. We believe the accompanying unaudited condensed consolidated financial statements reflect all normal, recurring adjustments that are necessary for a fair presentation of our financial position and results of operations as of the dates and for the periods presented. Results of operations for the interim periods presented are not necessarily indicative of results to be expected for our full fiscal year. The significant accounting policies applied during the interim periods presented are consistent with the significant accounting policies described in our Annual Report on Form 10-K for Fiscal
2016
.
|
2.
|
Operating Group Information:
Our business is primarily operated through our Tommy Bahama, Lilly Pulitzer, Lanier Apparel and Southern Tide operating groups. We acquired Southern Tide on April 19, 2016 during the First Quarter of Fiscal 2016. We identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance. Our operating group structure reflects a brand-focused management approach, emphasizing operational coordination and resource allocation across each brand's direct to consumer, wholesale and licensing operations, as applicable.
|
|
Third Quarter Fiscal 2017
|
|
Third Quarter Fiscal 2016
|
|
First Nine Months Fiscal 2017
|
|
First Nine Months Fiscal 2016
|
||||||||
Net sales
|
|
|
|
|
|
|
|
||||||||
Tommy Bahama
|
$
|
123,895
|
|
|
$
|
125,966
|
|
|
$
|
483,971
|
|
|
$
|
472,796
|
|
Lilly Pulitzer
|
59,244
|
|
|
52,319
|
|
|
192,045
|
|
|
186,777
|
|
||||
Lanier Apparel
|
43,110
|
|
|
35,065
|
|
|
84,314
|
|
|
81,217
|
|
||||
Southern Tide
|
9,217
|
|
|
8,687
|
|
|
31,254
|
|
|
19,267
|
|
||||
Corporate and Other
|
494
|
|
|
271
|
|
|
1,448
|
|
|
1,482
|
|
||||
Total net sales
|
$
|
235,960
|
|
|
$
|
222,308
|
|
|
$
|
793,032
|
|
|
$
|
761,539
|
|
Depreciation and amortization
|
|
|
|
|
|
|
|
||||||||
Tommy Bahama
|
$
|
8,033
|
|
|
$
|
7,756
|
|
|
$
|
23,321
|
|
|
$
|
23,331
|
|
Lilly Pulitzer
|
2,303
|
|
|
1,956
|
|
|
6,377
|
|
|
5,551
|
|
||||
Lanier Apparel
|
145
|
|
|
123
|
|
|
443
|
|
|
335
|
|
||||
Southern Tide
|
108
|
|
|
191
|
|
|
317
|
|
|
457
|
|
||||
Corporate and Other
|
355
|
|
|
389
|
|
|
1,054
|
|
|
1,140
|
|
||||
Total depreciation and amortization
|
$
|
10,944
|
|
|
$
|
10,415
|
|
|
$
|
31,512
|
|
|
$
|
30,814
|
|
Operating income (loss)
|
|
|
|
|
|
|
|
||||||||
Tommy Bahama
|
$
|
(5,872
|
)
|
|
$
|
(7,133
|
)
|
|
$
|
32,082
|
|
|
$
|
26,761
|
|
Lilly Pulitzer
|
4,952
|
|
|
6,212
|
|
|
43,621
|
|
|
49,646
|
|
||||
Lanier Apparel
|
5,615
|
|
|
3,666
|
|
|
6,668
|
|
|
6,609
|
|
||||
Southern Tide
|
1,016
|
|
|
(472
|
)
|
|
3,765
|
|
|
(425
|
)
|
||||
Corporate and Other
|
(4,587
|
)
|
|
(2,600
|
)
|
|
(18,651
|
)
|
|
(12,223
|
)
|
||||
Total operating income (loss)
|
$
|
1,124
|
|
|
$
|
(327
|
)
|
|
$
|
67,485
|
|
|
$
|
70,368
|
|
Interest expense, net
|
683
|
|
|
716
|
|
|
2,355
|
|
|
2,505
|
|
||||
Earnings (loss) from continuing operations before income taxes
|
$
|
441
|
|
|
$
|
(1,043
|
)
|
|
$
|
65,130
|
|
|
$
|
67,863
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||||||||
Beginning balance
|
$
|
(4,411
|
)
|
$
|
(5,110
|
)
|
$
|
(5,276
|
)
|
$
|
(6,829
|
)
|
Net foreign currency translation adjustment
|
(617
|
)
|
(172
|
)
|
248
|
|
1,547
|
|
||||
Ending balance
|
$
|
(5,028
|
)
|
$
|
(5,282
|
)
|
$
|
(5,028
|
)
|
$
|
(5,282
|
)
|
4.
|
Income Taxes:
Income taxes reflects effective tax rates of
(143.1)%
,
(53.2)%
,
37.1%
and
37.4%
for the
Third Quarter of Fiscal 2017
, the
Third Quarter of Fiscal 2016
, the
First Nine Months of Fiscal 2017
and
First Nine Months of Fiscal 2016
, respectively. The net impact of discrete or other items often results in a more significant or unusual impact on the effective tax rate in the third quarter given the significantly lower operating results during the third quarter as compared to the other quarters of the fiscal year. Thus, the effective tax rate for the third quarter is not indicative of the effective tax rate anticipated for the full year. The
First Nine Months of Fiscal 2017
includes (1) the favorable impact of earnings in certain of our foreign jurisdictions, including foreign sourcing operations, which have lower tax rates than our domestic earnings, and (2)
$0.8 million
of favorable discrete items in the
Third Quarter of Fiscal 2017
primarily related to certain prior year tax items, which were offset by the
$0.8 million
unfavorable impact of certain stock awards that vested during the First Quarter of Fiscal 2017. The
First Nine Months of Fiscal 2016
includes the favorable impact of (1) earnings in certain foreign jurisdictions and (2) the utilization of certain foreign operating loss carryforward amounts.
|
5.
|
Business Combinations:
During July and August 2017, we completed transactions resulting in the acquisition of
12
Lilly Pulitzer Signature Stores and during the
First Nine Months of Fiscal 2017
we also completed the final working capital settlements related to certain Fiscal 2016 acquisitions. These items resulted in the payment of
$5.1 million
of cash consideration during the
First Nine Months of Fiscal 2017
. Our allocations of the purchase price for Fiscal 2017 acquisitions are preliminary. The allocations may be revised during the one year allocation period as we obtain new information about the fair values of the acquired assets and finalize working capital amounts related to the acquisitions.
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||||
Net sales
|
$
|
793,032
|
|
$
|
761,539
|
|
Operating income
|
$
|
67,485
|
|
$
|
70,368
|
|
Net earnings from continuing operations
|
$
|
40,958
|
|
$
|
42,455
|
|
Net earnings from continuing operations per diluted share
|
$
|
2.45
|
|
$
|
2.55
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
123,895
|
|
$
|
125,966
|
|
$
|
(2,071
|
)
|
(1.6
|
)%
|
Lilly Pulitzer
|
59,244
|
|
52,319
|
|
6,925
|
|
13.2
|
%
|
|||
Lanier Apparel
|
43,110
|
|
35,065
|
|
8,045
|
|
22.9
|
%
|
|||
Southern Tide
|
9,217
|
|
8,687
|
|
530
|
|
6.1
|
%
|
|||
Corporate and Other
|
494
|
|
271
|
|
223
|
|
NM
|
|
|||
Total net sales
|
$
|
235,960
|
|
$
|
222,308
|
|
$
|
13,652
|
|
6.1
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||
Full-price retail stores and outlets
|
33
|
%
|
33
|
%
|
E-commerce
|
20
|
%
|
20
|
%
|
Restaurant
|
7
|
%
|
7
|
%
|
Wholesale
|
40
|
%
|
40
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||
Full-price retail stores and outlets
|
47
|
%
|
46
|
%
|
E-commerce
|
11
|
%
|
13
|
%
|
Restaurant
|
13
|
%
|
12
|
%
|
Wholesale
|
29
|
%
|
29
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||
Full-price retail stores
|
35
|
%
|
32
|
%
|
E-commerce
|
53
|
%
|
50
|
%
|
Wholesale
|
12
|
%
|
18
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||
E-commerce
|
16
|
%
|
16
|
%
|
Wholesale
|
84
|
%
|
84
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
74,279
|
|
$
|
73,923
|
|
$
|
356
|
|
0.5
|
%
|
Lilly Pulitzer
|
32,891
|
|
30,251
|
|
2,640
|
|
8.7
|
%
|
|||
Lanier Apparel
|
13,191
|
|
9,440
|
|
3,751
|
|
39.7
|
%
|
|||
Southern Tide
|
4,884
|
|
3,194
|
|
1,690
|
|
52.9
|
%
|
|||
Corporate and Other
|
(69
|
)
|
1,246
|
|
(1,315
|
)
|
NM
|
|
|||
Total gross profit
|
$
|
125,176
|
|
$
|
118,054
|
|
$
|
7,122
|
|
6.0
|
%
|
LIFO charge (credit) included in Corporate and Other
|
$
|
476
|
|
$
|
(1,024
|
)
|
|
|
|
|
|
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
994
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||
Tommy Bahama
|
60.0
|
%
|
58.7
|
%
|
Lilly Pulitzer
|
55.5
|
%
|
57.8
|
%
|
Lanier Apparel
|
30.6
|
%
|
26.9
|
%
|
Southern Tide
|
53.0
|
%
|
36.8
|
%
|
Corporate and Other
|
NM
|
|
NM
|
|
Consolidated gross margin
|
53.0
|
%
|
53.1
|
%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
SG&A
|
$
|
127,091
|
|
$
|
121,442
|
|
$
|
5,649
|
|
4.7
|
%
|
SG&A as % of net sales
|
53.9
|
%
|
54.6
|
%
|
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
391
|
|
$
|
375
|
|
|
|
|||
Amortization of intangible assets included in Southern Tide
|
$
|
72
|
|
$
|
156
|
|
|
|
|||
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Royalties and other operating income
|
$
|
3,039
|
|
$
|
3,061
|
|
$
|
(22
|
)
|
(0.7
|
)%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
(5,872
|
)
|
$
|
(7,133
|
)
|
$
|
1,261
|
|
17.7
|
%
|
Lilly Pulitzer
|
4,952
|
|
6,212
|
|
(1,260
|
)
|
(20.3
|
)%
|
|||
Lanier Apparel
|
5,615
|
|
3,666
|
|
1,949
|
|
53.2
|
%
|
|||
Southern Tide
|
1,016
|
|
(472
|
)
|
1,488
|
|
NM
|
|
|||
Corporate and Other
|
(4,587
|
)
|
(2,600
|
)
|
(1,987
|
)
|
(76.4
|
)%
|
|||
Total operating income (loss)
|
$
|
1,124
|
|
$
|
(327
|
)
|
$
|
1,451
|
|
NM
|
|
LIFO charge (credit) included in Corporate and Other
|
$
|
476
|
|
$
|
(1,024
|
)
|
|
|
|
|
|
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
994
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
391
|
|
$
|
375
|
|
|
|
|||
Amortization of intangible assets included in Southern Tide
|
$
|
72
|
|
$
|
156
|
|
|
|
|
|
|
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
123,895
|
|
$
|
125,966
|
|
$
|
(2,071
|
)
|
(1.6
|
)%
|
Gross margin
|
60.0
|
%
|
58.7
|
%
|
|
|
|
|
|||
Operating loss
|
$
|
(5,872
|
)
|
$
|
(7,133
|
)
|
$
|
1,261
|
|
17.7
|
%
|
Operating loss as % of net sales
|
(4.7
|
)%
|
(5.7
|
)%
|
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
391
|
|
$
|
375
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
59,244
|
|
$
|
52,319
|
|
$
|
6,925
|
|
13.2
|
%
|
Gross margin
|
55.5
|
%
|
57.8
|
%
|
|
|
|
|
|||
Operating income
|
$
|
4,952
|
|
$
|
6,212
|
|
$
|
(1,260
|
)
|
(20.3
|
)%
|
Operating income as % of net sales
|
8.4
|
%
|
11.9
|
%
|
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|||
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
43,110
|
|
$
|
35,065
|
|
$
|
8,045
|
|
22.9
|
%
|
Gross margin
|
30.6
|
%
|
26.9
|
%
|
|
|
|
|
|||
Operating income
|
$
|
5,615
|
|
$
|
3,666
|
|
$
|
1,949
|
|
53.2
|
%
|
Operating income as % of net sales
|
13.0
|
%
|
10.5
|
%
|
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
9,217
|
|
$
|
8,687
|
|
$
|
530
|
|
6.1
|
%
|
Gross margin
|
53.0
|
%
|
36.8
|
%
|
|
|
|
|
|||
Operating income (loss)
|
$
|
1,016
|
|
$
|
(472
|
)
|
$
|
1,488
|
|
NM
|
|
Operating income (loss) as % of net sales
|
11.0
|
%
|
(5.4
|
)%
|
|
|
|||||
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
994
|
|
|
|
|||
Amortization of intangible assets included in Southern Tide
|
$
|
72
|
|
$
|
156
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
494
|
|
$
|
271
|
|
$
|
223
|
|
NM
|
|
Operating loss
|
$
|
(4,587
|
)
|
$
|
(2,600
|
)
|
$
|
(1,987
|
)
|
(76.4
|
)%
|
LIFO charge (credit) included in Corporate and Other
|
$
|
476
|
|
$
|
(1,024
|
)
|
|
|
|
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Interest expense, net
|
$
|
683
|
|
$
|
716
|
|
$
|
(33
|
)
|
(4.6
|
)%
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
$ Change
|
% Change
|
||||||
Income taxes
|
$
|
(631
|
)
|
$
|
555
|
|
$
|
(1,186
|
)
|
NM
|
|
Third Quarter Fiscal 2017
|
Third Quarter Fiscal 2016
|
||||
Net earnings (loss) from continuing operations
|
$
|
1,072
|
|
$
|
(1,598
|
)
|
Net earnings (loss) from continuing operations per diluted share
|
$
|
0.06
|
|
$
|
(0.10
|
)
|
Weighted average shares outstanding - diluted
|
16,735
|
|
16,531
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||||||
Net sales
|
$
|
793,032
|
|
100.0
|
%
|
$
|
761,539
|
|
100.0
|
%
|
$
|
31,493
|
|
4.1
|
%
|
Cost of goods sold
|
342,477
|
|
43.2
|
%
|
327,225
|
|
43.0
|
%
|
15,252
|
|
4.7
|
%
|
|||
Gross profit
|
$
|
450,555
|
|
56.8
|
%
|
$
|
434,314
|
|
57.0
|
%
|
$
|
16,241
|
|
3.7
|
%
|
SG&A
|
393,193
|
|
49.6
|
%
|
374,379
|
|
49.2
|
%
|
18,814
|
|
5.0
|
%
|
|||
Royalties and other operating income
|
10,123
|
|
1.3
|
%
|
10,433
|
|
1.4
|
%
|
(310
|
)
|
(3.0
|
)%
|
|||
Operating income
|
$
|
67,485
|
|
8.5
|
%
|
$
|
70,368
|
|
9.2
|
%
|
$
|
(2,883
|
)
|
(4.1
|
)%
|
Interest expense, net
|
2,355
|
|
0.3
|
%
|
2,505
|
|
0.3
|
%
|
(150
|
)
|
(6.0
|
)%
|
|||
Earnings from continuing operations before income taxes
|
$
|
65,130
|
|
8.2
|
%
|
$
|
67,863
|
|
8.9
|
%
|
$
|
(2,733
|
)
|
(4.0
|
)%
|
Income taxes
|
24,172
|
|
3.0
|
%
|
25,408
|
|
3.3
|
%
|
(1,236
|
)
|
(4.9
|
)%
|
|||
Net earnings from continuing operations
|
$
|
40,958
|
|
5.2
|
%
|
$
|
42,455
|
|
5.6
|
%
|
$
|
(1,497
|
)
|
(3.5
|
)%
|
Earnings from discontinued operations, net of taxes
|
—
|
|
—
|
%
|
—
|
|
—
|
%
|
—
|
|
—
|
%
|
|||
Net earnings
|
$
|
40,958
|
|
5.2
|
%
|
$
|
42,455
|
|
5.6
|
%
|
$
|
(1,497
|
)
|
(3.5
|
)%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
483,971
|
|
$
|
472,796
|
|
$
|
11,175
|
|
2.4
|
%
|
Lilly Pulitzer
|
192,045
|
|
186,777
|
|
5,268
|
|
2.8
|
%
|
|||
Lanier Apparel
|
84,314
|
|
81,217
|
|
3,097
|
|
3.8
|
%
|
|||
Southern Tide
|
31,254
|
|
19,267
|
|
11,987
|
|
NM
|
|
|||
Corporate and Other
|
1,448
|
|
1,482
|
|
(34
|
)
|
NM
|
|
|||
Total net sales
|
$
|
793,032
|
|
$
|
761,539
|
|
$
|
31,493
|
|
4.1
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||
Full-price retail stores and outlets
|
39
|
%
|
39
|
%
|
E-commerce
|
17
|
%
|
17
|
%
|
Restaurant
|
8
|
%
|
7
|
%
|
Wholesale
|
36
|
%
|
37
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||
Full-price retail stores and outlets
|
49
|
%
|
49
|
%
|
E-commerce
|
14
|
%
|
15
|
%
|
Restaurant
|
13
|
%
|
11
|
%
|
Wholesale
|
24
|
%
|
25
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||
Full-price retail stores
|
38
|
%
|
37
|
%
|
E-commerce
|
33
|
%
|
30
|
%
|
Wholesale
|
29
|
%
|
33
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||
E-commerce
|
17
|
%
|
19
|
%
|
Wholesale
|
83
|
%
|
81
|
%
|
Total
|
100
|
%
|
100
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
289,428
|
|
$
|
280,906
|
|
$
|
8,522
|
|
3.0
|
%
|
Lilly Pulitzer
|
121,657
|
|
119,390
|
|
2,267
|
|
1.9
|
%
|
|||
Lanier Apparel
|
26,354
|
|
23,129
|
|
3,225
|
|
13.9
|
%
|
|||
Southern Tide
|
15,849
|
|
7,534
|
|
8,315
|
|
NM
|
|
|||
Corporate and Other
|
(2,733
|
)
|
3,355
|
|
(6,088
|
)
|
NM
|
|
|||
Total gross profit
|
$
|
450,555
|
|
$
|
434,314
|
|
$
|
16,241
|
|
3.7
|
%
|
LIFO charge (credit) included in Corporate and Other
|
$
|
3,748
|
|
$
|
(2,277
|
)
|
|
|
|
|
|
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
2,123
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||
Tommy Bahama
|
59.8
|
%
|
59.4
|
%
|
Lilly Pulitzer
|
63.3
|
%
|
63.9
|
%
|
Lanier Apparel
|
31.3
|
%
|
28.5
|
%
|
Southern Tide
|
50.7
|
%
|
39.1
|
%
|
Corporate and Other
|
NM
|
|
NM
|
|
Consolidated gross margin
|
56.8
|
%
|
57.0
|
%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
SG&A
|
$
|
393,193
|
|
$
|
374,379
|
|
$
|
18,814
|
|
5.0
|
%
|
SG&A as % of net sales
|
49.6
|
%
|
49.2
|
%
|
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
1,134
|
|
$
|
1,124
|
|
|
|
|||
Amortization of intangible assets included in Southern Tide
|
$
|
216
|
|
$
|
365
|
|
|
|
|||
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction expenses associated with the Southern Tide acquisition included in Corporate and Other
|
$
|
—
|
|
$
|
762
|
|
|
|
|||
Distribution center integration charges
|
$
|
—
|
|
$
|
454
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Royalties and other operating income
|
$
|
10,123
|
|
$
|
10,433
|
|
$
|
(310
|
)
|
(3.0
|
)%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Tommy Bahama
|
$
|
32,082
|
|
$
|
26,761
|
|
$
|
5,321
|
|
19.9
|
%
|
Lilly Pulitzer
|
43,621
|
|
49,646
|
|
(6,025
|
)
|
(12.1
|
)%
|
|||
Lanier Apparel
|
6,668
|
|
6,609
|
|
59
|
|
0.9
|
%
|
|||
Southern Tide
|
3,765
|
|
(425
|
)
|
4,190
|
|
NM
|
|
|||
Corporate and Other
|
(18,651
|
)
|
(12,223
|
)
|
(6,428
|
)
|
(52.6
|
)%
|
|||
Total operating income
|
$
|
67,485
|
|
$
|
70,368
|
|
$
|
(2,883
|
)
|
(4.1
|
)%
|
LIFO charge (credit) included in Corporate and Other
|
$
|
3,748
|
|
$
|
(2,277
|
)
|
|
|
|
|
|
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
2,123
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
1,134
|
|
$
|
1,124
|
|
|
|
|||
Amortization of intangible assets included in Southern Tide
|
$
|
216
|
|
$
|
365
|
|
|
|
|
|
|
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction expenses associated with the Southern Tide acquisition included in Corporate and Other
|
$
|
—
|
|
$
|
762
|
|
|
|
|||
Distribution center integration charges
|
$
|
—
|
|
$
|
454
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
483,971
|
|
$
|
472,796
|
|
$
|
11,175
|
|
2.4
|
%
|
Gross margin
|
59.8
|
%
|
59.4
|
%
|
|
|
|
|
|||
Operating income
|
$
|
32,082
|
|
$
|
26,761
|
|
$
|
5,321
|
|
19.9
|
%
|
Operating income as % of net sales
|
6.6
|
%
|
5.7
|
%
|
|
|
|
|
|||
Amortization of intangible assets included in Tommy Bahama associated with Tommy Bahama Canada acquisition
|
$
|
1,134
|
|
$
|
1,124
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
192,045
|
|
$
|
186,777
|
|
$
|
5,268
|
|
2.8
|
%
|
Gross margin
|
63.3
|
%
|
63.9
|
%
|
|
|
|
|
|||
Operating income
|
$
|
43,621
|
|
$
|
49,646
|
|
$
|
(6,025
|
)
|
(12.1
|
)%
|
Operating income as % of net sales
|
22.7
|
%
|
26.6
|
%
|
|
|
|
|
|||
Inventory step-up charge included in Lilly Pulitzer
|
$
|
1,086
|
|
$
|
—
|
|
|
|
|||
Amortization of intangible assets included in Lilly Pulitzer associated with Signature Store acquisitions
|
$
|
90
|
|
$
|
—
|
|
|
|
|||
Transaction/integration costs associated with Signature Store acquisitions
|
$
|
563
|
|
$
|
—
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
84,314
|
|
$
|
81,217
|
|
$
|
3,097
|
|
3.8
|
%
|
Gross margin
|
31.3
|
%
|
28.5
|
%
|
|
|
|
|
|||
Operating income
|
$
|
6,668
|
|
$
|
6,609
|
|
$
|
59
|
|
0.9
|
%
|
Operating income as % of net sales
|
7.9
|
%
|
8.1
|
%
|
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
||||||
Net sales
|
$
|
31,254
|
|
$
|
19,267
|
|
$
|
11,987
|
|
NM
|
Gross margin
|
50.7
|
%
|
39.1
|
%
|
|
|
|
|||
Operating income
|
$
|
3,765
|
|
$
|
(425
|
)
|
$
|
4,190
|
|
NM
|
Operating income as % of net sales
|
12.0
|
%
|
(2.2
|
)%
|
|
|
||||
Inventory step-up charge included in Southern Tide
|
$
|
—
|
|
$
|
2,123
|
|
|
|
||
Amortization of intangible assets included in Southern Tide
|
$
|
216
|
|
$
|
365
|
|
|
|
||
Distribution center integration charges
|
$
|
—
|
|
$
|
454
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Net sales
|
$
|
1,448
|
|
$
|
1,482
|
|
$
|
(34
|
)
|
NM
|
|
Operating loss
|
(18,651
|
)
|
(12,223
|
)
|
$
|
(6,428
|
)
|
(52.6
|
)%
|
||
LIFO charge (credit) included in Corporate and Other
|
$
|
3,748
|
|
$
|
(2,277
|
)
|
|
|
|
|
|
Transaction expenses associated with the Southern Tide acquisition included in Corporate and Other
|
$
|
—
|
|
$
|
762
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Interest expense, net
|
$
|
2,355
|
|
$
|
2,505
|
|
$
|
(150
|
)
|
(6.0
|
)%
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
$ Change
|
% Change
|
|||||||
Income taxes
|
$
|
24,172
|
|
$
|
25,408
|
|
$
|
(1,236
|
)
|
(4.9
|
)%
|
Effective tax rate
|
37.1
|
%
|
37.4
|
%
|
|
|
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||||
Net earnings from continuing operations
|
$
|
40,958
|
|
$
|
42,455
|
|
Net earnings from continuing operations per diluted share
|
$
|
2.45
|
|
$
|
2.55
|
|
Weighted average shares outstanding - diluted
|
16,710
|
|
16,635
|
|
($ in thousands)
|
October 28, 2017
|
January 28, 2017
|
October 29, 2016
|
January 30, 2016
|
||||||||
Total current assets
|
$
|
234,721
|
|
$
|
231,628
|
|
$
|
239,784
|
|
$
|
216,796
|
|
Total current liabilities, including liabilities related to discontinued operations
|
$
|
117,915
|
|
$
|
131,396
|
|
$
|
97,683
|
|
$
|
128,899
|
|
Working capital
|
$
|
116,806
|
|
$
|
100,232
|
|
$
|
142,101
|
|
$
|
87,897
|
|
Working capital ratio
|
1.99
|
|
1.76
|
|
2.45
|
|
1.68
|
|
||||
Debt to total capital ratio
|
15
|
%
|
20
|
%
|
28
|
%
|
12
|
%
|
|
October 28, 2017
|
January 28, 2017
|
October 29, 2016
|
January 30, 2016
|
||||||||
Cash and cash equivalents
|
$
|
6,077
|
|
$
|
6,332
|
|
$
|
5,351
|
|
$
|
6,323
|
|
Receivables, net
|
73,724
|
|
58,279
|
|
68,492
|
|
59,065
|
|
||||
Inventories, net
|
127,301
|
|
142,175
|
|
136,383
|
|
129,136
|
|
||||
Prepaid expenses
|
27,619
|
|
24,842
|
|
29,558
|
|
22,272
|
|
||||
Total current assets
|
$
|
234,721
|
|
$
|
231,628
|
|
$
|
239,784
|
|
$
|
216,796
|
|
|
October 28, 2017
|
January 28, 2017
|
October 29, 2016
|
January 30, 2016
|
||||||||
Property and equipment, net
|
$
|
191,038
|
|
$
|
193,931
|
|
$
|
195,799
|
|
$
|
184,094
|
|
Intangible assets, net
|
175,057
|
|
175,245
|
|
185,957
|
|
143,738
|
|
||||
Goodwill
|
63,443
|
|
60,015
|
|
51,053
|
|
17,223
|
|
||||
Other non-current assets, net
|
24,250
|
|
24,340
|
|
22,882
|
|
20,839
|
|
||||
Total non-current assets
|
$
|
453,788
|
|
$
|
453,531
|
|
$
|
455,691
|
|
$
|
365,894
|
|
|
October 28, 2017
|
January 28, 2017
|
October 29, 2016
|
January 30, 2016
|
||||||||
Total current liabilities
|
$
|
117,915
|
|
$
|
131,396
|
|
$
|
97,683
|
|
$
|
128,899
|
|
Long-term debt
|
72,131
|
|
91,509
|
|
142,425
|
|
43,975
|
|
||||
Other non-current liabilities
|
73,487
|
|
70,002
|
|
69,176
|
|
67,188
|
|
||||
Deferred taxes
|
16,829
|
|
13,578
|
|
13,643
|
|
3,657
|
|
||||
Non-current liabilities related to discontinued operations
|
972
|
|
2,544
|
|
3,279
|
|
4,571
|
|
||||
Total liabilities
|
$
|
281,334
|
|
$
|
309,029
|
|
$
|
326,206
|
|
$
|
248,290
|
|
|
First Nine Months Fiscal 2017
|
First Nine Months Fiscal 2016
|
||||
Cash provided by operating activities
|
$
|
65,278
|
|
$
|
53,307
|
|
Cash used in investing activities
|
(31,412
|
)
|
(137,133
|
)
|
||
Cash (used in) provided by financing activities
|
(34,154
|
)
|
82,555
|
|
||
Net change in cash and cash equivalents
|
$
|
(288
|
)
|
$
|
(1,271
|
)
|
|
First
Quarter
|
Second
Quarter
|
Third
Quarter
|
Fourth
Quarter
|
||||
Net sales
|
25
|
%
|
28
|
%
|
22
|
%
|
25
|
%
|
Operating income (loss)
|
36
|
%
|
43
|
%
|
—
|
%
|
21
|
%
|
3.1
|
|
Restated Articles of Incorporation of Oxford Industries, Inc.
(filed as Exhibit 3.1 to the Company's Form 10-Q for the fiscal quarter ended July 29, 2017)
|
3.2
|
|
Bylaws of Oxford Industries, Inc., as amended.
(filed as Exhibit 3.2 to the Company's Form 10-Q for the fiscal quarter ended July 29, 2017)
|
31.1
|
|
|
31.2
|
|
|
32
|
|
|
101.INS
|
|
XBRL Instance Document*
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document*
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document*
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document*
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document*
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document*
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* Filed herewith.
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December 6, 2017
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OXFORD INDUSTRIES, INC.
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(Registrant)
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/s/ K. Scott Grassmyer
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K. Scott Grassmyer
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Executive Vice President - Finance, Chief Financial Officer and Controller
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(Authorized Signatory)
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1 Year Oxford Industries Chart |
1 Month Oxford Industries Chart |
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