Big Lots 2013 Annual Report Download - page 218

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NOTE 17 – BUSINESS SEGMENT DATA
We manage our business as two segments: U.S. and Canada. The following tables summarize net sales, results of operations,
and total assets, by segment:
(In thousands) 2013 2012 2011
U.S. Canada Total U.S. Canada Total U.S. Canada Total
Net sales $ 5,124,755 $ 177,157 $ 5,301,912 $5,212,318 $154,847 $5,367,165 $5,097,144 $ 62,105 $5,159,249
Depreciation expense 113,228 1,894 115,122 103,146 2,991 106,137 88,324 1,811 90,135
Operating profit (loss) 229,909 (39,470)
190,439 311,724 (13,693) 298,031 355,915 (12,219)343,696
Interest expense (3,293)
(46) (3,339)(4,190) (2) (4,192)(2,739) (791)(3,530)
Other income
(expense) (12)
(1,201) (1,213)2 49 51 163 (336)(173)
Income (loss) from
continuing operations
before income taxes 226,604
(40,717)
185,887 307,536 (13,646) 293,890 353,339
(13,346)339,993
Income tax expense 61,544 (426)
61,118 117,059 (138) 116,921 133,835
—
133,835
Income (loss) from
continuing operations $ 165,060
$ (40,291)
$ 124,769 $190,477 $(13,508) $176,969 $219,504
$ (13,346) $206,158
(in thousands) February 1, 2014 February 2, 2013
U.S. Canada Total U.S. Canada Total
Total assets $ 1,709,255 $ 30,344 $ 1,739,599 $1,681,005 $72,621 $1,753,626
Our U.S. segment uses the following seven merchandise categories, which match our internal management and reporting of
merchandise net sales: Food, Consumables, Soft Home, Hard Home, Furniture & Home Décor, Seasonal, and Electronics &
Accessories. The Food category includes our beverage & grocery, candy & snacks, and specialty foods departments. The
Consumables category includes our health and beauty, plastics, paper, chemical, and pet departments. The Soft Home category
includes the fashion bedding, utility bedding, bath, window, decorative textile, and flooring departments. The Hard Home
category includes our small appliances, table top, food preparation, stationary, greeting card, tools, paint, and home
maintenance departments. The Furniture & Home Décor category includes our upholstery, mattress, ready-to-assemble, case
goods, home décor, and frames departments. The Seasonal category includes our lawn & garden, summer, Christmas, toys,
books, sporting goods, and other holiday departments. The Electronics & Accessories category includes the electronics,
jewelry, apparel, hosiery, and infant accessories departments. In the fourth quarter of 2013, we realigned the merchandise
categories reported in our U.S. segment to be consistent with the realignment of our merchandising team. Please see the
Reclassifications section of note 1 to the consolidated financial statements for further discussion.
The following table presents net sales data by segment and merchandise category:
(In thousands) 2013 2012 2011
U.S.
Furniture & Home Décor $1,072,410 $1,060,993 $ 1,010,007
Seasonal 958,681 971,003 982,604
Consumables 918,124 905,444 881,282
Food 747,840 742,267 723,291
Hard Home 514,232 543,954 537,092
Electronics & Accessories 486,331 556,658 550,513
Soft Home 427,137 431,999 412,355
Total U.S. 5,124,755 5,212,318 5,097,144
Canada 177,157 154,847 62,105
N
et sales $5,301,912 $5,367,165 $ 5,159,249