Dillard's 2013 Annual Report Download - page 59

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F-13
2. Business Segments
The Company operates in two reportable segments: the operation of retail department stores and a general contracting
construction company.
For the Company's retail operations reportable segment, the Company determined its operating segments on a store by
store basis. Each store's operating performance has been aggregated into one reportable segment. The Company's operating
segments are aggregated for financial reporting purposes because they are similar in each of the following areas: economic
characteristics, class of consumer, nature of products and distribution methods. Revenues from external customers are derived
from merchandise sales, and the Company does not rely on any major customers as a source of revenue. Across all stores, the
Company operates one store format under the Dillard's name where each store offers the same general mix of merchandise with
similar categories and similar customers. The Company believes that disaggregating its operating segments would not provide
meaningful additional information.
The following table summarizes the percentage of net sales by segment and major product line:
Percentage of Net Sales
Fiscal 2013 Fiscal 2012 Fiscal 2011
Retail operations segment:
Cosmetics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15% 15% 15%
Ladies' apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 22 23
Ladies' accessories and lingerie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 15 14
Juniors' and children's apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 888
Men's apparel and accessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 17 17
Shoes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 16 16
Home and furniture. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 556
99 98 99
Construction segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% 100%
The following tables summarize certain segment information, including the reconciliation of those items to the
Company's consolidated operations.
(in thousands of dollars) Retail Operations
Fiscal 2013
Construction Consolidated
Net sales from external customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,439,304 $ 92,343 $ 6,531,647
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,301,271 6,661 2,307,932
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 255,240 250 255,490
Interest and debt expense (income), net . . . . . . . . . . . . . . . . . . . . . . . . 64,572 (67) 64,505
Income before income taxes and income on and equity in losses of
joint ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 494,452 1,772 496,224
Income on and equity in losses of joint ventures . . . . . . . . . . . . . . . . . 847 — 847
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,011,771 38,968 4,050,739