BANK JOS A CLOTHIERS INC /DE/

Stores net sales represent all Full-line Store sales. Direct Marketing net sales represent catalog call center and Internet sales. Net sales from operating segments below the GAAP quantitative thresholds are attributable primarily to our two other operating segments — Factory stores and Franchise stores. These operating segments have never met any of the quantitative thresholds for determining reportable segments and are included in “Corporate and Other.”

[2]

Operating income (loss) for the Stores and Direct Marketing segments represents profit before allocations of overhead from the corporate office and the distribution centers (except order fulfillment costs which are allocated to Direct Marketing), interest and income taxes (“four wall” contribution). Total Company shipping costs to customers of approximately $3.4 million and $4.7 million for the first quarter of fiscal years 2013 and 2014, respectively, were recorded to “Sales and marketing, including occupancy costs” in the Condensed Consolidated Statements of Income. Operating income (loss) for “Corporate and Other” consists primarily of costs included in general and administrative costs and strategic activity costs (in fiscal year 2014) and operating income or loss related to the Factory stores and the Franchise stores operating segments. Total operating income represents profit before interest and income taxes.

Supplemental Cash Flow Disclosure (Tables)

3 Months Ended

May 03, 2014

Supplemental Cash Flow Elements [Abstract]

Net changes in operating working capital and other components

The net changes in operating working capital and other components consist of the following:



	Three Months Ended
	May 4, 2013			May 3, 2014
	(In thousands)
(Increase) in accounts receivable	$	(10,429	)	$	(4,686	)
(Increase) in inventories	(29,864		)	(25,928		)
(Increase) in prepaids and other assets	(3,252		)	(5,811		)
Increase (decrease) in accounts payable	(12,449		)	14,750
(Decrease) in accrued expenses	(8,183		)	(20,521		)
(Decrease) in deferred rent and other noncurrent liabilities	(1,683		)	(879		)
Net (increase) in operating working capital and other components	$	(65,860	)	$	(43,075	)

Interest and income taxes paid

Interest and income taxes paid were as follows:



	Three Months Ended
	May 4, 2013		May 3, 2014
	(In thousands)
Interest paid	$	4	$	7
Income taxes paid	$	10,957	$	26,152

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	May 03, 2014	Feb. 01, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 338,420	$ 305,531
Short-term investments	0	139,969
Accounts receivable, net	18,278	13,592
Inventories:
Finished goods	319,056	295,889
Raw materials	11,194	8,433
Total inventories	330,250	304,322
Prepaid expenses and other current assets	28,891	23,060
Deferred tax asset - current	25,406	0
Total current assets	741,245	786,474
NONCURRENT ASSETS:
Property, plant and equipment, net	150,980	148,966
Other noncurrent assets	278	298
Total assets	892,503	935,738
CURRENT LIABILITIES:
Accounts payable	47,696	32,946
Accrued expenses	98,137	115,023
Deferred tax liability — current	0	1,819
Total current liabilities	145,833	149,788
NONCURRENT LIABILITIES:
Deferred rent	40,469	41,296
Deferred tax liability — noncurrent	9,463	11,158
Other noncurrent liabilities	1,360	1,412
Total liabilities	197,125	203,654
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred Stock	0	0
Common stock	279	279
Additional paid-in capital	96,256	95,825
Retained earnings	598,906	636,044
Accumulated other comprehensive income (loss)	(63)	(64)
Total stockholders’ equity	695,378	732,084
Total liabilities and stockholders’ equity	$ 892,503	$ 935,738