Neiman Marcus 2006 Annual Report Download - page 141

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The following tables set forth the information for our reportable segments:
(Successor) (Predecessor)
(in thousands)
Fiscal year
ended
July 28,
2007
Forty-three
weeks ended
July 29,
2006
Nine weeks
ended
October 1,
2005
Fiscal year
ended
July 30,
2005
REVENUES
Specialty Retail stores $ 3,674,600 $ 2,829,967 $ 544,857 $ 3,102,952
Direct Marketing 715,476 567,771 87,515 592,122
Total $ 4,390,076 $ 3,397,738 $ 632,372 $ 3,695,074
OPERATING EARNINGS
Specialty Retail stores $ 490,564 $ 312,296 $ 91,372 $ 377,772
Direct Marketing 116,042 89,967 8,246 75,178
Subtotal 606,606 402,263 99,618 452,950
Corporate expenses (56,229 ) (49,504 ) (5,811 ) (46,334
Amortization of customer lists and favorable lease commitments (72,265 ) (59,640 ) — —
Non-cash items related to other valuation adjustments made in
connection with the Acquisition — (34,411 ) — —
Other expense, net (1) (1,309 ) — — —
Transaction and other costs — — (23,544 ) —
Loss on disposition of Chef's Catalog — — — (15,348
Gain on Credit Card Sale — — — 6,170
Total $ 476,803 $ 258,708 $ 70,263 $ 397,438
CAPITAL EXPENDITURES
Specialty Retail stores $ 124,402 $ 123,693 $ 22,784 $ 176,519
Direct Marketing 23,475 14,519 2,791 13,736
Total $ 147,877 $ 138,212 $ 25,575 $ 190,255
DEPRECIATION EXPENSE
Specialty Retail stores $ 118,126 $ 93,599 $ 17,313 $ 94,386
Direct Marketing 13,671 9,580 1,896 9,203
Subtotal 131,797 103,179 19,209 103,589
Depreciation expense on step-up of fixed assets made in connection
with the Acquisition 4,671 3,771 — —
Total $ 136,468 $ 106,950 $ 19,209 $ 103,589
(Successor)
July 28,
2007
July 29,
2006
ASSETS
Tangible assets of Specialty Retail stores $ 1,928,889 $ 1,791,392
Tangible assets of Direct Marketing 167,541 143,927
Corporate assets:
Intangible assets related to Specialty Retail stores 3,571,660 3,629,153
Intangible assets related to Direct Marketing 568,359 594,604
Other 264,550 339,522
Assets of discontinued operations — 109,363
Total $ 6,500,999 $ 6,607,961
(1) For fiscal year 2007, other expense, net includes 1) $11.5 million pretax impairment charge related to the writedown to fair value in the net
carrying value of the Horchow tradename, offset by 2) $4.2 million of other income we received in connection with the merger of Wedding Channel.com, in
which we held a minority interest, and The Knot and 3) $6.0M of other income related to aged, non-escheatable gift cards.