Annual report pursuant to Section 13 and 15(d)

SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

v3.20.4
SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Jan. 30, 2021
SEGMENTS AND GEOGRAPHIC INFORMATION  
Schedule of net sales by country and sales by product category

Our net sales by country and sales by product category are as follows (in thousands):

Fiscal Year

    

2020

    

2019

2018

Net Sales:

United States (1)

$

4,757,829

$

4,597,262

$

4,783,903

Canada

 

513,283

 

474,775

 

488,041

Total

$

5,271,112

$

5,072,037

$

5,271,944

Sales by Product Category:

General crafts

$

2,495,675

$

2,389,745

$

2,604,905

Home décor and seasonal

 

1,146,921

 

1,167,418

 

1,230,054

Custom and ready-made framing

 

822,731

 

816,869

 

801,075

Papercrafting

 

805,785

 

698,005

 

635,910

Total

$

5,271,112

$

5,072,037

$

5,271,944

(1) In March 2018 we closed our Aaron Brothers stores and in January 2019 we closed our Pat Catan’s stores. For fiscal 2018, Pat Catan’s net sales totaled approximately $109.6 million and Aaron Brothers net sales totaled approximately $12.9 million. In the fourth quarter of fiscal 2020 we completed the liquidation of our Darice wholesale operations. For fiscal 2020, fiscal 2019 and fiscal 2018, Darice’s net sales totaled approximately $37.6 million, $79.9 million and $106.7 million, respectively.

Schedule of total assets by country

Our total assets by country are as follows (in thousands):

Fiscal Year (1)

    

2020

    

2019

Total Assets:

United States

$

4,192,094

$

3,527,374

Canada

 

336,311

 

310,721

Total

$

4,528,405

$

3,838,095

(1) In fiscal 2020, we recorded $28.8 million of impairment charges related to the closure of 13 underperforming stores and the relocation of our support center. In fiscal 2019, we wrote-off $42.7 million of assets in connection with impairment charges related to Darice and the closure of our Pat Catan’s stores.