Business Segments
 3 Months Ended
May 05, 2018
Segment Reporting [Abstract]  
Business Segments
Business Segments
 
The Company operates in two reportable segments:  the operation of retail department stores (“retail operations”) and a general contracting construction company (“construction”).
 
For the Company’s retail operations, the Company determined its operating segments on a store by store basis.  Each store’s operating performance has been aggregated into one reportable segment.  The Company’s operating segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the Company operates one store format under the Dillard’s name where each store offers the same general mix of merchandise with similar categories and similar customers.  The Company believes that disaggregating its operating segments would not provide meaningful additional information.
The following table summarizes the percentage of net sales by segment and major product line:
 
 
Three Months Ended
 
 
May 5, 2018
 
April 29, 2017
Retail operations segment
 
 

 
 

Cosmetics
 
14
%
 
14
%
Ladies’ apparel
 
24

 
25

Ladies’ accessories and lingerie
 
14

 
14

Juniors’ and children’s apparel
 
10

 
10

Men’s apparel and accessories
 
16

 
16

Shoes
 
16

 
16

Home and furniture
 
3

 
3

 
 
97

 
98

Construction segment
 
3

 
2

Total
 
100
%

100
%



The following tables summarize certain segment information, including the reconciliation of those items to the Company’s consolidated operations: 
(in thousands of dollars)

Retail
Operations

Construction

Consolidated
Three Months Ended May 5, 2018:
 
 

 
 


 

Net sales from external customers
 
$
1,409,409

 
$
46,918


$
1,456,327

Gross profit
 
551,625

 
1,656


553,281

Depreciation and amortization
 
55,844

 
159


56,003

Interest and debt expense (income), net
 
14,030

 
(8
)

14,022

Income (loss) before income taxes and income on and equity in earnings of joint ventures
 
103,404

 
(166
)

103,238

Total assets
 
3,742,719

 
38,744


3,781,463

 
 
 
 
 
 
 
Three Months Ended April 29, 2017:
 
 
 
 



Net sales from external customers
 
$
1,385,557

 
$
32,591


$
1,418,148

Gross profit
 
546,650

 
1,526


548,176

Depreciation and amortization
 
59,843

 
168


60,011

Interest and debt expense (income), net
 
15,703

 
(21
)

15,682

Income before income taxes and income on and equity in earnings of joint ventures
 
102,361

 
100


102,461

Income on and equity in earnings of joint ventures
 
11

 
—


11

Total assets
 
4,073,502

 
53,032


4,126,534


 
Intersegment construction revenues of $5.4 million and $9.0 million for the three months ended May 5, 2018 and April 29, 2017, respectively, were eliminated during consolidation and have been excluded from net sales for the respective periods.