Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS AND GEOGRAPHIC INFORMATION

v3.7.0.1
SEGMENTS AND GEOGRAPHIC INFORMATION
6 Months Ended
Jul. 29, 2017
SEGMENTS AND GEOGRAPHIC INFORMATION  
SEGMENTS AND GEOGRAPHIC INFORMATION

7. SEGMENTS AND GEOGRAPHIC INFORMATION

 

We consider Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice to be our operating segments for purposes of determining reportable segments based on the criteria of ASC 280, Segment Reporting (“ASC 280”). We determined that Michaels-U.S., Michaels-Canada, Aaron Brothers and Pat Catan’s have similar economic characteristics and meet the aggregation criteria set forth in ASC 280. Therefore, we combine these operating segments into one reporting segment. Darice does not meet the materiality criteria in ASC 280 and, therefore, is not disclosed as a reportable segment. Our chief operating decision makers evaluate historical operating performance and forecast future periods’ operating performance based on operating income.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

26 Weeks Ended

 

 

 

July 29,
2017

 

July 30,
2016

 

July 29,
2017

 

July 30,
2016

 

United States

 

$

977,779

 

$

970,367

 

$

2,034,422

 

$

2,034,204

 

Canada

 

 

94,814

 

 

89,986

 

 

196,734

 

 

185,029

 

Total

 

$

1,072,593

 

$

1,060,353

 

$

2,231,156

 

$

2,219,233