Tailored Brands (TLRD) 10-Q 13 Sep 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 04, 2018	Aug. 31, 2018
Document and Entity Information
Entity Registrant Name	Tailored Brands Inc
Entity Central Index Key	884,217
Document Type	10-Q
Document Period End Date	Aug. 4, 2018
Amendment Flag	false
Current Fiscal Year End Date	--02-02
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		49,913,573
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 68,215	$ 103,607	$ 112,741
Accounts receivable, net	65,099	79,783	71,900
Inventories	786,510	851,931	944,783
Other current assets	87,491	78,252	55,432
Total current assets	1,007,315	1,113,573	1,184,856
PROPERTY AND EQUIPMENT, net	427,107	460,674	459,530
RENTAL PRODUCT, net	111,345	123,730	139,397
GOODWILL	103,686	120,292	119,880
INTANGIBLE ASSETS, net	165,881	168,987	170,113
OTHER ASSETS	13,497	12,699	5,948
TOTAL ASSETS	1,828,831	1,999,955	2,079,724
CURRENT LIABILITIES:
Accounts payable	145,981	145,106	140,156
Accrued expenses and other current liabilities	313,319	285,537	276,616
Income taxes payable	6,659	6,121	6,310
Current portion of long-term debt	9,000	7,000	8,750
Total current liabilities	474,959	443,764	431,832
LONG-TERM DEBT, net	1,207,377	1,389,808	1,532,255
DEFERRED TAXES, net AND OTHER LIABILITIES	146,484	164,191	162,313
Total liabilities	1,828,820	1,997,763	2,126,400
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY (DEFICIT):
Preferred stock
Common stock	498	492	491
Capital in excess of par	498,670	491,648	478,174
Accumulated deficit	(470,377)	(479,166)	(497,160)
Accumulated other comprehensive loss	(28,780)	(10,782)	(28,181)
Total shareholders' equity (deficit)	11	2,192	(46,676)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	$ 1,828,831	$ 1,999,955	$ 2,079,724

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Net sales:
Total net sales	$ 823,430	$ 850,758	$ 1,641,394	$ 1,633,664
Cost of sales:
Total cost of sales	454,528	454,062	927,268	904,528
Gross margin:
Total gross margin	368,902	396,696	714,126	729,136
Advertising expense	38,661	39,888	79,894	82,140
Selling, general and administrative expenses	242,255	248,343	493,349	507,529
Operating (loss) income	87,986	108,465	140,883	139,467
Interest income	122	98	207	165
Interest expense	(20,864)	(25,167)	(42,845)	(50,788)
(Loss) gain on extinguishment of debt, net	(8,122)	3,281	(20,833)	3,996
(Loss) earnings before income taxes	59,122	86,677	77,412	92,840
Provision for income taxes	9,884	28,206	14,265	32,530
Net earnings (loss)	$ 49,238	$ 58,471	$ 63,147	$ 60,310
Net earnings per common share:
Basic (in dollars per share)	$ 0.99	$ 1.19	$ 1.27	$ 1.23
Diluted (in dollars per share)	$ 0.97	$ 1.19	$ 1.24	$ 1.23
Weighted-average common shares outstanding:
Basic (in shares)	49,840	49,107	49,649	48,958
Diluted (in shares)	50,851	49,172	50,785	49,162
Cash dividends declared per common share (in dollars per share)	$ 0.18	$ 0.18	$ 0.36	$ 0.36
Retail Segment
Net sales:
Total net sales	$ 767,914	$ 792,998	$ 1,522,757	$ 1,518,303
Cost of sales:
Total cost of sales	413,912	410,989	839,986	819,597
Gross margin:
Total gross margin	354,002	382,009	682,771	698,706
Corporate Apparel Segment
Net sales:
Total net sales	55,516	57,760	118,637	115,361
Cost of sales:
Total cost of sales	40,616	43,073	87,282	84,931
Gross margin:
Total gross margin	14,900	14,687	31,355	30,430
Retail clothing product | Retail Segment
Net sales:
Total net sales	605,788	594,994	1,219,432	1,178,579
Cost of sales:
Total cost of sales	259,025	248,630	535,245	501,509
Gross margin:
Total gross margin	346,763	346,364	684,187	677,070
Rental services | Retail Segment
Net sales:
Total net sales	125,095	151,978	225,322	246,798
Cost of sales:
Total cost of sales	19,366	23,957	34,023	40,125
Gross margin:
Total gross margin	105,729	128,021	191,299	206,673
Total alteration and other services | Retail Segment
Net sales:
Total net sales	37,031	46,026	78,003	92,926
Cost of sales:
Total cost of sales	33,749	35,076	67,927	69,548
Gross margin:
Total gross margin	3,282	10,950	10,076	23,378
Occupancy costs | Retail Segment
Cost of sales:
Total cost of sales	101,772	103,326	202,791	208,415
Gross margin:
Total gross margin	$ (101,772)	$ (103,326)	$ (202,791)	$ (208,415)

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net earnings	$ 49,238	$ 58,471	$ 63,147	$ 60,310
Currency translation adjustments	(7,824)	14,773	(21,967)	16,114
Unrealized gain (loss) on cash flow hedges, net of tax	1,169	(746)	3,969	(4,212)
Comprehensive income (loss)	$ 42,583	$ 72,498	$ 45,149	$ 72,212

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 63,147	$ 60,310
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	52,719	53,407
Rental product amortization	19,755	21,205
Loss (gain) on extinguishment of debt, net	20,833	(3,996)
Amortization of deferred financing costs and discount on long-term debt	2,228	3,661
Loss on disposition of assets	7,768	1,381
Asset impairment charges	269	2,867
Share-based compensation	9,416	8,095
Deferred tax benefit	(2,240)	(242)
Deferred rent expense and other	247	309
Changes in operating assets and liabilities:
Accounts receivable	10,461	(4,832)
Inventories	42,186	15,701
Rental product	(12,102)	(8,521)
Other assets	(9,372)	16,112
Accounts payable, accrued expenses and other current liabilities	(3,497)	(28,444)
Income taxes payable	697	4,964
Other liabilities	(4,524)	(1,448)
Net cash provided by operating activities	197,991	140,529
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(24,645)	(33,973)
Proceeds from divestiture of business	17,755
Acquisition of business, net of cash		(457)
Proceeds from sales of property and equipment		2,157
Net cash provided by (used in) investing activities	(6,890)	(32,273)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan	(993,420)	(8,129)
Proceeds from new term loan	895,500
Payments on new term loan	(4,500)
Proceeds from asset-based revolving credit facility	199,500	181,550
Payments on asset-based revolving credit facility	(95,000)	(181,550)
Repurchase and retirement of senior notes	(199,365)	(45,167)
Deferred financing costs	(5,644)
Cash dividends paid	(18,744)	(18,033)
Proceeds from issuance of common stock	4,113	927
Tax payments related to vested deferred stock units	(6,501)	(1,644)
Net cash (used in) provided by financing activities	(224,061)	(72,046)
Effect of exchange rate changes	(2,432)	5,642
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(35,392)	41,852
Balance at beginning of period	103,607	70,889
Balance at end of period	$ 68,215	$ 112,741

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Aug. 04, 2018
Significant Accounting Policies
Significant Accounting Policies	1. Significant Accounting Policies Basis of Presentation — The condensed consolidated financial statements herein include the accounts of Tailored Brands, Inc. and its subsidiaries (the "Company") and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). As applicable under such regulations, certain information and footnote disclosures have been condensed or omitted. We believe the presentation and disclosures herein are adequate to make the information not misleading, and the condensed consolidated financial statements reflect all elimination entries and normal recurring adjustments which are necessary for a fair presentation of the financial position, results of operations and cash flows at the dates and for the periods presented. Our business results historically have fluctuated throughout the year and, as a result, the operating results of the interim periods presented are not necessarily indicative of the results that may be achieved for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended February 3, 2018. Unless the context otherwise requires, "Company", "we", "us" and "our" refer to Tailored Brands, Inc. and its subsidiaries. The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual amounts could differ from those estimates. Recent Accounting Pronouncements — We have considered all new accounting pronouncements and have concluded there are no new pronouncements that may have a material impact on our financial position, results of operations, or cash flows, based on current information, except for those listed below. In August 2017, the Financial Accounting Standards Board ("FASB") i ssued Accounting Standards Update ("ASU") ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities . ASU 2017-12 amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. ASU 2017-12 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. The guidance must be applied on a modified retrospective basis, while presentation and disclosure requirements set forth under ASU 2017-12 are required prospectively in all interim periods and fiscal years ending after the date of adoption . Early adoption of ASU 2017-12 is permitted. We do not expect the adoption of ASU 2017-12 to have a material impact on our financial position, results of operations or cash flows . In February 2016, the FASB issued ASU No. 2016-02, Leases. ASU 2016-02 increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous U.S. GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. ASU 2016-02 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2016-02 is permitted. The guidance is required to be adopted using the modified retrospective approach, which provides an entity the option to apply the guidance at the beginning of the earliest comparative period presented, or at the beginning of the period in which it is adopted. We have completed our review of the guidance and have made progress in our assessment phase including finalizing the practical expedient and accounting policy elections we will make upon adoption. While we are still evaluating the impact ASU 2016-02 will have on our consolidated financial statements and related disclosures, we expect that it will result in a significant increase in our long-term assets and liabilities given we have a considerable number of operating leases.

Divestiture of MW Cleaners

Divestiture of MW Cleaners	6 Months Ended
	Aug. 04, 2018
Divestiture of MW Cleaners
Divestiture of MW Cleaners	2. Divestiture of MW Cleaners On February 28, 2018, we entered into a definitive agreement to divest our MW Cleaners business for approximately $18.0 million, subject to certain adjustments, and the transaction closed on March 3, 2018. During the first quarter of 2018, we received cash proceeds of $17.7 million and recorded a loss on the divestiture totaling $3.6 million, which is included within selling, general and administrative expenses (“SG&A”) in the condensed consolidated statement of earnings, and relates to our retail segment. During the second quarter of 2018, we recorded a $0.2 million unfavorable final working capital adjustment, which is included in SG&A in the condensed consolidated statement of earnings, and relates to our retail segment. For the six months ended August 4, 2018, the total loss on the divestiture of the MW Cleaners business totaled $3.8 million. We determined that the sale of the MW Cleaners business did not represent a strategic shift and will not have a major effect on our consolidated results of operations, financial position or cash flows. Accordingly, we have not presented the sale as a discontinued operation in the condensed consolidated financial statements.

Termination of Tuxedo Rental Li

Termination of Tuxedo Rental License Agreement with Macy's	6 Months Ended
	Aug. 04, 2018
Termination of Tuxedo Rental License Agreement with Macy's
Termination of Tuxedo Rental License Agreement with Macy's	3. Termination of Tuxedo Rental License Agreement with Macy's During the first quarter of fiscal 2017, we reached an agreement with Macy's to wind down operations under the tuxedo rental license agreement established between Macy's and The Men's Wearhouse, Inc. ("The Men's Wearhouse") in 2015. The winding down of our tuxedo shops within Macy's was completed in fiscal 2017 and all tuxedo shops within Macy's closed in the second quarter of 2017. As a result of the agreement, during the first quarter of fiscal 2017, we incurred $17.2 million of termination-related costs, of which $14.6 million were cash charges. These costs included $12.3 million related to contract termination, $1.4 million of rental product write-offs, $1.2 million of asset impairment charges and $2.3 million of other costs, all of which relate to our retail segment. Of the $17.2 million in termination-related costs, $15.8 million is recorded in SG&A and $1.4 million is included in cost of sales in the condensed consolidated statement of earnings. All termination-related costs were paid in fiscal 2017.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 04, 2018
Earnings Per Share
Earnings Per Share	4. Earnings Per Share Basic earnings per common share is computed by dividing net earnings by the weighted-average common shares outstanding during the period. Diluted earnings per common share is calculated using the treasury stock method. Basic and diluted earnings per common share are computed using the actual net earnings and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our condensed consolidated statement of earnings and the accompanying notes. As a result, it may not be possible to recalculate earnings per common share in our condensed consolidated statement of earnings and the accompanying notes. The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts): For the Three Months Ended For the Six Months Ended August 4, July 29, August 4, July 29, 2018 2017 2018 2017 Numerator Net earnings $ 49,238 $ 58,471 $ 63,147 $ 60,310 Denominator Basic weighted-average common shares outstanding 49,840 49,107 49,649 48,958 Dilutive effect of share-based awards 1,011 65 1,136 204 Diluted weighted-average common shares outstanding 50,851 49,172 50,785 49,162 Net earnings per common share: Basic $ 0.99 $ 1.19 $ 1.27 $ 1.23 Diluted $ 0.97 $ 1.19 $ 1.24 $ 1.23 For the three and six months ended August 4, 2018, 0.7 million and 0.5 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively. For the three and six months ended July 29, 2017, 2.5 million and 2.0 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively

Debt

Debt	6 Months Ended
	Aug. 04, 2018
Debt
Debt	5. Debt In 2014, The Men's Wearhouse entered into a term loan credit agreement that provided for a senior secured term loan in the aggregate principal amount of $1.1 billion (the "Original Term Loan") and a $500.0 million asset-based revolving credit agreement (the "ABL Facility", and together with the Original Term Loan, the "Credit Facilities") with certain of our U.S. subsidiaries and Moores the Suit People Inc., one of our Canadian subsidiaries, as co-borrowers. Proceeds from the Original Term Loan were reduced by an $11.0 million original issue discount ("OID"), which was presented as a reduction of the outstanding balance on the Original Term Loan on the balance sheet and amortized to interest expense over the contractual life of the Original Term Loan. In addition, in 2014, The Men's Wearhouse issued $600.0 million in aggregate principal amount of 7.00% Senior Notes due 2022 (the "Senior Notes"). In October 2017, The Men’s Wearhouse amended the ABL Facility in part to increase the principal amount available to $550.0 million and extend the maturity date to October 2022. In April 2018, The Men’s Wearhouse refinanced its Original Term Loan. See Credit Facilities section below for additional information. The Credit Facilities and the Senior Notes contain customary non-financial and financial covenants, including fixed charge coverage ratios, total leverage ratios and secured leverage ratios. Should our total leverage ratio and secured leverage ratio exceed certain thresholds specified in the agreements, we would be subject to certain additional restrictions, including limitations on our ability to make significant acquisitions and incur additional indebtedness. As of August 4, 2018, our total leverage ratio and secured leverage ratio are below these thresholds and we believe these ratios will remain below the thresholds specified in the agreements for the foreseeable future, which results in the elimination of these additional restrictions. In addition, as a result of the refinancing of our Original Term Loan and amending of our ABL Facility, our ability to pay dividends on our common stock has increased from a maximum of $10.0 million per quarter to a maximum of $15.0 million per quarter. Credit Facilities In April 2018, we refinanced our Original Term Loan. Immediately prior to the refinancing, the Original Term Loan consisted of $593.4 million in aggregate principal amount with an interest rate of LIBOR plus 3.50% (with a floor of 1.0%) and $400.0 million in aggregate principal amount with a fixed rate of 5.0% per annum. Upon entering into the refinancing, we made a prepayment of $93.4 million on the Original Term Loan using cash on hand. As a result, we refinanced $900.0 million in aggregate principal amount of term loans then outstanding with a new Term Loan totaling $900.0 million (the “New Term Loan”). Additionally, we may continue to request additional term loans or incremental equivalent debt borrowings, all of which are uncommitted, in an aggregate amount up to the greater of (1) $250.0 million and (2) an aggregate principal amount such that, on a pro forma basis (giving effect to such borrowings), our senior secured leverage ratio will not exceed 2.5 to 1.0. The New Term Loan will bear interest at a rate per annum equal to an applicable margin plus, at the Company’s option, either LIBOR (with a floor of 1.0%) or the base rate (with a floor of 2.0%). The margins for borrowings under the New Term Loan are 3.50% for LIBOR and 2.50% for the base rate. The New Term Loan will amortize in an annual amount equal to 1.0% of the principal amount of the New Term Loan, payable quarterly commencing on May 1, 2018. Proceeds from the New Term Loan were reduced by a $4.5 million OID, which is presented as a reduction of the outstanding balance on the New Term Loan on the balance sheet and will be amortized to interest expense over the contractual life of the New Term Loan. The New Term Loan extends the maturity date of the Original Term Loan from June 18, 2021 until April 9, 2025, subject to a springing maturity provision that would accelerate the maturity of the New Term Loan to April 1, 2022 if any of the Company’s obligations under its Senior Notes remain outstanding on April 1, 2022. The interest rate on the New Term Loan is based on 1-month LIBOR, which was 2.08% at August 4, 2018, plus the applicable margin of 3.50%, resulting in a total interest rate of 5.58%. We have two interest rate swap agreements where the variable rates due under the New Term Loan have been exchanged for a fixed rate, including a new interest rate swap entered into during June 2018. At August 4, 2018, the total notional amount under these interest rate swaps is $715.0 million. Please see Note 15 for additional information on our interest rate swaps. As a result of our interest rate swaps, 80% of the variable interest rate under the New Term Loan has been converted to a fixed rate. As of August 4, 2018, the New Term Loan had a weighted average interest rate of 5.90%. In connection with the refinancing of the New Term Loan, we incurred deferred financing costs of $5.6 million, which will be amortized over the life of the New Term Loan using the interest method. In addition, as a result of the refinancing, we recorded a loss on extinguishment of debt totaling $11.9 million consisting of the elimination of unamortized deferred financing costs and OID related to the Original Term Loan, which is included as a separate line in the condensed consolidated statement of earnings. In October 2017, we amended our ABL Facility, which now provides for a senior secured revolving credit facility of $550.0 million, with possible future increases to $650.0 million under an expansion feature, that matures in October 2022, and is guaranteed, jointly and severally, by Tailored Brands, Inc. and certain of our U.S. subsidiaries. The ABL Facility has several borrowing and interest rate options including the following indices: (i) adjusted LIBOR, (ii) Canadian Dollar Offered Rate ("CDOR") rate, (iii) Canadian prime rate or (iv) an alternate base rate (equal to the greater of the prime rate, the New York Federal Reserve Bank (“NYFRB”) rate plus 0.5% or adjusted LIBOR for a one-month interest period plus 1.0%). Advances under the ABL Facility bear interest at a rate per annum using the applicable indices plus a varying interest rate margin of up to 1.75%. The ABL Facility also provides for fees applicable to amounts available to be drawn under outstanding letters of credit which range from 1.25% to 1.75%, and a fee on unused commitments of 0.25%. As of August 4, 2018, $104.5 million in borrowings were outstanding under the ABL Facility at a weighted average interest rate of approximately 3.8%. During the six months ended August 4, 2018, the maximum borrowing outstanding under the ABL Facility was $104.5 million. The obligations under the Credit Facilities are secured on a senior basis by a first priority lien on substantially all of the assets of the Company, The Men’s Wearhouse and its U.S. subsidiaries and, in the case of the ABL Facility, Moores The Suit People Inc. The Credit Facilities and the related guarantees and security interests granted thereunder are senior secured obligations of, and will rank equally with all present and future senior indebtedness of the Company, the co-borrowers and the respective guarantors. We utilize letters of credit primarily as collateral for workers compensation claims and to secure inventory purchases. At August 4, 2018, letters of credit totaling approximately $33.9 million were issued and outstanding. Borrowings available under the ABL Facility as of August 4, 2018 were $332.1 million. Senior Notes The Senior Notes are guaranteed, jointly and severally, on an unsecured basis by Tailored Brands, Inc. and certain of our U.S. subsidiaries. The Senior Notes and the related guarantees are senior unsecured obligations of the Company and the guarantors, respectively, and will rank equally with all of the Company's and each guarantor's present and future senior indebtedness. The Senior Notes will mature in July 2022. Interest on the Senior Notes is payable in January and July of each year. During the second quarter of 2018, we completed a partial redemption of $175.0 million in face value of our Senior Notes. The Senior Notes were redeemed at a redemption price equal to $1,035 per $1,000 principal amount, plus accrued and unpaid interest. As a result, we recorded a net loss on extinguishment totaling $8.1 million, which is included as a separate line in the condensed consolidated statement of earnings. The net loss on extinguishment reflects a $6.1 million loss upon repurchase of the Senior Notes and the elimination of unamortized deferred financing costs totaling $2.0 million related to the Senior Notes. For the six months ended August 4, 2018, as a result of the partial redemption of $175.0 million in face value of our Senior Notes as well as the repurchase and retirement of $17.6 million in face value of Senior Notes through open market transactions, we recorded a net loss on extinguishment totaling $8.9 million, which is included as a separate line in the condensed consolidated statement of earnings. The net loss on extinguishment reflects a $6.7 million loss upon repurchase and the elimination of unamortized deferred financing costs totaling $2.2 million related to the Senior Notes. Long-Term Debt The following table provides details on our long-term debt as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Term Loan (net of unamortized OID of $4.3 million at August 4, 2018, $3.6 million at July 29, 2017, and $3.0 million at February 3, 2018) $ 891,210 $ 1,035,030 $ 990,465 Senior Notes 228,607 525,000 421,209 ABL Facility 104,500 — — Less: Deferred financing costs related to the Term Loan and Senior Notes (7,940) (19,025) (14,866) Total long-term debt, net 1,216,377 1,541,005 1,396,808 Current portion of long-term debt (9,000) (8,750) (7,000) Total long-term debt, net of current portion $ 1,207,377 $ 1,532,255 $ 1,389,808

Revenue Recognition

Revenue Recognition	6 Months Ended
	Aug. 04, 2018
Revenue Recognition
Revenue Recognition	6. Revenue Recognition Adoption of ASC 606 Effective February 4, 2018, we adopted ASC 606, Revenue from Contracts with Customers and all related amendments (“ASC 606”), to all contracts using the modified retrospective approach. We recognized the cumulative effect of initially applying ASC 606 as an adjustment to the opening balance of retained earnings. The adoption had no impact to our previously reported results of operations or cash flows. The comparative period information has not been restated and continues to be reported under the accounting standards in effect for the period presented. The following table depicts the cumulative effect of the changes made to our February 3, 2018 balance sheet for the adoption of ASC 606 (in thousands): Reported Adjusted Balance at Impact of Balance at February 3, Adoption of February 3, 2018 ASU 606 2018 Assets: Accounts receivable, net $ 79,783 $ (303) $ 79,480 Inventories 851,931 (17,837) 834,094 Other current assets 78,252 2,753 81,005 Liabilities: Accrued expenses and other current liabilities 285,537 32,378 317,915 Deferred taxes, net and other liabilities 164,191 (11,941) 152,250 Equity: Accumulated deficit (479,166) (35,824) (514,990) The adoption of ASC 606 primarily impacted the timing of revenue recognition related to our customer loyalty program, gift cards and e-commerce sales within our retail segment, as discussed in more detail below. In addition, for our corporate apparel segment, certain deferred revenue balances along with related inventory amounts were eliminated as part of the cumulative adjustment to opening retained earnings. Also, for estimated sales returns, we now recognize allowances for estimated sales returns on a gross basis rather than a net basis on the condensed consolidated balance sheets. Revenues The following table depicts the disaggregation of revenue by major source (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Net sales: Men's tailored clothing product $ 356,504 $ 341,182 $ 712,241 $ 673,812 Men's non-tailored clothing product 229,105 234,093 464,711 462,792 Women's clothing product 17,447 18,100 37,029 37,927 Other (1) 2,732 1,619 5,451 4,048 Total retail clothing product 605,788 594,994 1,219,432 1,178,579 Rental services 125,095 151,978 225,322 246,798 Alteration services 37,031 37,227 75,452 75,613 Retail dry cleaning services (2) — 8,799 2,551 17,313 Total alteration and other services 37,031 46,026 78,003 92,926 Total retail sales 767,914 792,998 1,522,757 1,518,303 Corporate apparel clothing product 55,516 57,760 118,637 115,361 Total net sales $ 823,430 $ $ $ (1) Other consists of franchise and licensing revenues and gift card breakage. Franchise revenues are generally recognized at a point in time while licensing revenues consist primarily of minimum guaranteed royalty amounts recognized over an elapsed time period. (2) On March 3, 2018, we completed the divestiture of our MW Cleaners business. Please see Note 2 for additional information. Please see Note 16 for additional information regarding our reporting segments. Retail Segment For retail clothing product revenue, we transfer control and recognize revenue at a point in time, upon sale or shipment of the merchandise, net of actual sales returns and a provision for estimated sales returns. For rental and alteration services, we transfer control and recognize revenue at a point in time, upon receipt by the customer. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Sales, use and value added taxes we collect from our customers and are remitted to governmental agencies are excluded from revenue. Loyalty Program We maintain a customer loyalty program for our Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank and Moores brands in which customers receive points for purchases. Points are generally equivalent to dollars spent on a one‑to‑one basis, excluding any sales tax dollars, and do not expire. Upon reaching 500 points, customers are issued a $50 rewards certificate which they may redeem for purchases at our stores or online. Generally, reward certificates earned must be redeemed no later than six months from the date of issuance. We believe our loyalty program represents a customer option that is a material right and, accordingly, is a performance obligation in the contract with our customer. Therefore, we will record our obligation for future point redemptions using a deferred revenue model. In prior years, we used an incremental cost approach where we accrued the estimated costs of the anticipated certificate redemptions when the certificates were issued and charged such costs to cost of sales. When loyalty program members earn points, we recognize a portion of the transaction as revenue for merchandise product sales or services and defer a portion of the transaction representing the value of the related points. The value of the points is recorded in deferred revenue on our condensed consolidated balance sheet and recognized into revenue when the points are converted into a rewards certificate and the certificate is used. We account for points earned and certificates issued that will never be redeemed by loyalty members, which we refer to as breakage. We review our breakage estimates at least annually based upon the latest available information regarding redemption and expiration patterns. Our estimate of the expected expiration of points and certificates requires significant management judgment. Current and future changes to our assumptions or to loyalty program rules may result in material changes to the deferred revenue balance as well as recognized revenues from the loyalty program. For example, during fiscal 2018, we plan to test potential changes to our loyalty program in order to improve the effectiveness of the program. Gift Card Breakage Proceeds from the sale of gift cards are recorded as a liability and are recognized as net sales from products and services when the cards are redeemed. Our gift cards do not have expiration dates. In addition, we recognize revenue for gift cards for which the likelihood of redemption is deemed to be remote and for which there is no legal obligation to remit the value of such unredeemed gift cards to any relevant jurisdictions (commonly referred to as gift card breakage) under the redemption recognition method. This method records gift card breakage as revenue on a proportional basis over the redemption period based on our historical gift card breakage rate. We review our gift card breakage estimate based on our historical redemption patterns. In prior years, we recognized income from breakage of gift cards as a reduction of SG&A when the likelihood of redemption of the gift card was remote. Sales Returns Revenue from merchandise product sales and services is reported net of sales returns, which includes an estimate of future returns based on historical return rates, with a corresponding reduction to cost of sales. Our refund liability for sales returns was $5.9 million at August 4, 2018, which is included in accrued and other current liabilities and represents the expected value of the refund that will be due to our customers. We also have a corresponding asset included in other current assets that represents the right to recover products from customers associated with sales returns of $2.6 million at August 4, 2018. In prior years, we recognized a provision for estimated sales returns on a net basis. Corporate Apparel Segment For our corporate apparel segment, we sell corporate clothing and uniforms to workforces under a contract or by purchase order. We transfer control and recognize revenue at a point in time, generally upon delivery of the product to the customer. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Sales, use and value added taxes we collect from our customers and are remitted to governmental agencies are excluded from revenue. Contract Liabilities The following table summarizes the opening and closing balances of our contract liabilities (in thousands): Balance at Increase Balance at February 3, 2018 (Decrease) August 4, 2018 As Adjusted Contract liabilities $ 141,552 $ 21,858 $ 163,410 Contract liabilities include cash payments received from customers in advance of our performance, including amounts which are refundable. These liabilities primarily consist of customer deposits related to rental product or custom clothing transactions since we typically receive payment from our customers prior to our performance and deferred revenue related to our loyalty programs and unredeemed gift cards. These amounts are included as “Customer deposits, prepayments and refunds payable,” “Loyalty program liabilities” and “Unredeemed gift cards,” respectively, within the accrued expenses and other current liabilities line item on our consolidated balance sheet. Please see Note 10 for additional information on our accrued expenses and other current liabilities. The amount of revenue recognized for the three and six months ended August 4, 2018 that was included in the opening contract liability balance was $62.4 million and $104.1 million, respectively. This revenue primarily consists of recognition of deposits for completed transactions as well as redeemed certificates related to our loyalty program and gift card redemptions. Practical Expedients and Impact on Fiscal 2018 Results Due to the short term nature of a significant portion of our contracts with customers, we have elected to apply the practical expedients under ASC 606 to: (1) not adjust the consideration for the effects of a significant financing component, (2) recognize incremental costs of obtaining a contract as expense when incurred and (3) not disclose the value of our unsatisfied performance obligations for contracts with an original expected duration of one year or less. In accordance with ASC 606, the following tables reflect the impact on our fiscal 2018 condensed consolidated statement of earnings and balance sheet as if we had continued to apply accounting standards in effect last year (“Legacy GAAP”) (in thousands, except per share amounts): Statement of Earnings For the Three Months Ended August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Net sales: Total retail sales $ 767,914 $ 762,538 $ (5,376) Corporate apparel clothing product 55,516 57,394 1,878 Costs and expenses: Total retail cost of sales 413,912 413,640 (272) Total corporate apparel clothing product cost of sales 40,616 42,054 1,438 Selling, general and administrative expenses 242,255 241,847 (408) Provision for income taxes 9,884 9,172 (712) Net earnings 49,238 45,694 (3,544) Diluted net earnings per common share $ 0.97 $ 0.90 $ (0.07) For the Six Months Ended August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Net sales: Total retail sales $ 1,522,757 $ 1,520,626 $ (2,131) Corporate apparel clothing product 118,637 123,896 5,259 Costs and expenses: Total retail cost of sales 839,986 839,966 (20) Total corporate apparel clothing product cost of sales 87,282 91,529 4,247 Selling, general and administrative expenses 493,349 492,604 (745) Provision for income taxes 14,265 14,200 (65) Net earnings 63,147 62,858 (289) Diluted net earnings per common share $ $ 1.24 $ — Balance Sheet August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Assets: Accounts receivable, net $ 65,099 $ 67,978 $ 2,879 Inventories 786,510 799,258 12,748 Other current assets 87,491 84,904 (2,587) Liabilities: Accrued expenses and other current liabilities 313,319 262,711 (50,608) Deferred taxes, net and other liabilities 146,484 134,517 (11,967) Equity: Accumulated deficit $ (470,377) $ (434,842) $ 35,535

Supplemental Cash Flows

Supplemental Cash Flows	6 Months Ended
	Aug. 04, 2018
Supplemental Cash Flows
Supplemental Cash Flows	7. Supplemental Cash Flows Supplemental disclosure of cash flow information is as follows (in thousands): For the Six Months Ended August 4, July 29, 2018 2017 Cash paid for interest $ 41,481 $ 51,052 Cash paid for income taxes, net $ 15,664 $ 14,591 We had unpaid capital expenditure purchases included in accounts payable and accrued expenses and other current liabilities of approximately $6.3 million and $6.9 million at August 4, 2018 and July 29, 2017, respectively. Capital expenditure purchases are recorded as cash outflows from investing activities in the condensed consolidated statement of cash flows in the period they are paid.

Inventories

Inventories	6 Months Ended
	Aug. 04, 2018
Inventories
Inventories	8. Inventories The following table provides details on our inventories as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Finished goods $ 675,405 $ 841,101 $ 739,668 Raw materials and merchandise components 111,105 103,682 112,263 Total inventories $ 786,510 $ 944,783 $ 851,931

Income Taxes

Income Taxes	6 Months Ended
	Aug. 04, 2018
Income Taxes
Income Taxes	9. Income Taxes In December 2017, the U.S. enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Reform Act”). The changes included in the Tax Reform Act are broad and complex, including, but not limited to reducing the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018. Our federal income tax expense for fiscal 2018 is based on the new rate. Our effective income tax rate decreased to 16.7% for the second quarter of 2018 from 32.5% for the second quarter of 2017 primarily from enactment of the Tax Reform Act as well as the release of $3.1 million of state valuation allowances. Our effective income tax rate decreased to 18.4% for the first six months of 2018 from 35.0% for the first six months of 2017 primarily from enactment of the Tax Reform Act, the release of $3.1 million of state valuation allowances and anniversarying last year’s $2.2 million of tax deficiencies related to the vesting of stock-based awards recorded in the first six months of 2017 resulting from the adoption of new accounting guidance related to stock-based compensation. Shortly after the Tax Reform Act was enacted, the SEC issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”) which provides guidance on accounting for the Tax Reform Act’s impact. SAB 118 provides a measurement period, which in no case should extend beyond one year from the Tax Reform Act enactment date, during which a company acting in good faith may complete the accounting for the impacts of the Tax Reform Act. In accordance with SAB 118, a company must reflect the income tax effects of the Tax Reform Act in the reporting period in which the accounting is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Reform Act is incomplete, a company can determine a reasonable estimate for those effects and record a provisional estimate in the financial statements in the first reporting period in which a reasonable estimate can be determined. At the end of fiscal 2017, we recorded a provisional discrete net tax benefit of $0.3 million related to the Tax Reform Act as well as a provisional estimate of incremental withholding liabilities on our investment in foreign earnings totaling $17.3 million as we no longer intend to permanently reinvest our foreign earnings from Canada. During the first six months of 2018, there have been no material updates to these provisional amounts. While we have made a reasonable estimate of the impact of the Tax Reform Act, we are continuing to finalize the consequences of tax reform, including analyzing additional information related to the Tax Reform Act as supplemental legislation, regulatory guidance, or evolving technical interpretations become available. We expect that our transition tax and the temporary differences that existed on the date of enactment will be presumed final once our federal return is filed. Additionally, we are currently undergoing several audits; however, we currently do not believe these audits will result in any material charge to tax expense in the future.

Other Current Assets, Accrued E

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities	6 Months Ended
	Aug. 04, 2018
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities	10. Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities The following table provides details on our other current assets as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Prepaid expenses $ 57,197 $ 45,718 $ 47,545 Tax receivable 17,401 2,428 20,368 Other 12,893 7,286 10,339 Total other current assets $ 87,491 $ 55,432 $ 78,252 The following table provides details on our accrued expenses and other current liabilities as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Accrued salary, bonus, sabbatical, vacation and other benefits $ 69,839 $ 61,431 $ 84,767 Customer deposits, prepayments and refunds payable 66,261 54,043 59,633 Loyalty program liabilities 63,295 9,226 9,106 Unredeemed gift cards 28,152 36,245 39,609 Accrued workers compensation and medical costs 26,146 27,009 25,244 Sales, value added, payroll, property and other taxes payable 24,197 33,472 29,409 Accrued dividends 10,918 10,456 11,128 Accrued interest 2,379 12,477 3,281 Accrued royalties 1,398 4,515 5,032 Lease termination and other store closure costs 132 3,135 427 Other 20,602 24,607 17,901 Total accrued expenses and other current liabilities $ 313,319 $ 276,616 $ 285,537 The increase in loyalty program liabilities and the decrease in unredeemed gift cards is primarily driven by the adoption of ASC 606, effective February 4, 2018. Please see Note 6 for additional information. The following table provides details on our deferred taxes, net and other liabilities as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Deferred and other income tax liabilities, net $ 80,413 $ 90,957 $ 95,314 Deferred rent and landlord incentives 58,801 60,467 60,136 Unfavorable lease liabilities 2,357 3,760 2,910 Other 4,913 7,129 5,831 Total deferred taxes, net and other liabilities $ 146,484 $ 162,313 $ 164,191

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	6 Months Ended
	Aug. 04, 2018
Accumulated Other Comprehensive (Loss) Income.
Accumulated Other Comprehensive (Loss) Income	11. Accumulated Other Comprehensive (Loss) Income The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended August 4, 2018 (in thousands and net of tax): Foreign Currency Cash Flow Pension Translation Hedges Plan Total BALANCE— February 3, 2018 $ (11,116) $ 145 $ 189 $ (10,782) Other comprehensive (loss) income before reclassifications (21,967) 2,630 — (19,337) Amounts reclassified from accumulated other comprehensive loss — 1,339 — 1,339 Net current-period other comprehensive (loss) income (21,967) 3,969 — (17,998) BALANCE— August 4, 2018 $ (33,083) $ 4,114 $ 189 $ (28,780) The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended July 29, 2017 (in thousands and net of tax): Foreign Currency Cash Flow Pension Translation Hedges Plan Total BALANCE— January 28, 2017 $ (40,205) $ (82) $ 204 $ (40,083) Other comprehensive income (loss) before reclassifications 16,114 (5,482) — 10,632 Amounts reclassified from accumulated other comprehensive loss — 1,270 — 1,270 Net current-period other comprehensive income (loss) 16,114 (4,212) — 11,902 BALANCE— July 29, 2017 $ (24,091) $ (4,294) $ 204 $ (28,181) Amounts reclassified from other comprehensive (loss) income for the six months ended August 4, 2018 and July 29, 2017 relate to changes in the fair value of our interest rate swaps which is recorded within interest expense in the condensed consolidated statement of earnings and changes in the fair value of cash flow hedges related to inventory purchases, which is recorded within cost of sales in the condensed consolidated statement of earnings.

Share-Based Compensation Plans

Share-Based Compensation Plans	6 Months Ended
	Aug. 04, 2018
Share-Based Compensation Plans
Share-Based Compensation Plans	12. Share-Based Compensation Plans For a discussion of our share-based compensation plans, please see Note 13 in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018. Non-Vested Deferred Stock Units and Performance Units The following table summarizes the activity of time-based and performance-based awards (collectively, "DSUs") for the six months ended August 4, 2018: Weighted-Average Units Grant-Date Fair Value Time- Performance- Time- Performance- Based Based Based Based Non-Vested at February 3, 2018 1,014,689 993,631 $ 18.13 $ 19.55 Granted 485,715 242,509 Vested (1) (497,676) (131,074) Forfeited (61,799) (90,604) Non-Vested at August 4, 2018 940,929 1,014,462 $ $ (1) Includes 224,497 shares relinquished for tax payments related to vested DSUs for the six months ended August 4, 2018. As of August 4, 2018, we have unrecognized compensation expense related to non-vested DSUs of $28.6 million, which is expected to be recognized over a weighted-average period of 1.8 years. Stock Options The following table summarizes the activity of stock options for the six months ended August 4, 2018: Weighted- Number of Average Shares Exercise Price Outstanding at February 3, 2018 1,527,176 $ 21.97 Granted 208,769 Exercised (144,583) 22.60 Forfeited (44,703) Expired (8,087) Outstanding at August 4, 2018 1,538,572 $ Exercisable at August 4, 2018 801,720 $ The weighted-average grant date fair value of the 208,769 stock options granted during the six months ended August 4, 2018 was $10.31 per share. The following table summarizes the weighted-average assumptions used to fair value the stock options at the date of grant using the Black-Scholes option model for the six months ended August 4, 2018: For the Six Months Ended August 4, 2018 Risk-free interest rate Expected lives 5.0 years Dividend yield Expected volatility As of August 4, 2018, we have unrecognized compensation expense related to non-vested stock options of $3.7 million, which is expected to be recognized over a weighted-average period of 1.5 years. Cash Settled Awards During 2017, we granted stock-based awards to certain employees, which vest over a period of three years, and will be settled in cash ("cash settled awards"). The fair value of the cash settled awards at each reporting period is based on the price of our common stock and includes a market condition. The fair value of the cash settled awards will be remeasured at each reporting period until the awards are settled. Cash settled awards are classified as liabilities in the condensed consolidated balance sheets. At August 4, 2018, the liability associated with the cash settled awards was $3.2 million with $2.1 million recorded in accrued expenses and other current liabilities and $1.1 million recorded in other liabilities in the condensed consolidated balance sheets. The following table summarizes the activity of cash settled awards for the six months ended August 4, 2018 (in thousands): Cash Settled Awards Non-Vested at February 3, 2018 $ 8,353 Granted — Vested (2,613) Forfeited (304) Non-Vested at August 4, 2018 $ 5,436 As of August 4, 2018, we have unrecognized compensation expense related to non-vested cash settled awards of $3.2 million, which is expected to be recognized over a weighted-average period of 1.4 years. Share-Based Compensation Expense Share-based compensation expense, including cash settled awards, recognized for the three and six months ended August 4, 2018 was $5.5 million and $11.9 million, respectively. Share-based compensation expense recognized for the three and six months ended July 29, 2017 was $4.2 million and $9.0 million, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Aug. 04, 2018
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	13. Goodwill and Other Intangible Assets Goodwill Goodwill allocated to our reportable segments and changes in the net carrying amount of goodwill for the six months ended August 4, 2018 are as follows (in thousands): Corporate Retail Apparel Total Balance at February 3, 2018 $ 94,305 25,987 $ 120,292 Goodwill of divested business (see Note 2) (13,588) — (13,588) Translation adjustment (1,042) (1,976) (3,018) Balance at August 4, 2018 $ 79,675 $ 24,011 $ 103,686 Goodwill is evaluated for impairment at least annually. A more frequent evaluation is performed if events or circumstances indicate that impairment could have occurred. Such events or circumstances could include, but are not limited to, new significant negative industry or economic trends, unanticipated changes in the competitive environment, decisions to significantly modify or dispose of operations and a significant sustained decline in the market price of our stock. No impairment evaluation was considered necessary during the first six months ended August 4, 2018. Intangible Assets The gross carrying amount and accumulated amortization of our identifiable intangible assets are as follows (in thousands): August 4, July 29, February 3, 2018 2017 2018 Amortizable intangible assets: Carrying amount: Trademarks, tradenames and franchise agreements $ 16,055 $ 16,076 $ 16,273 Favorable leases 12,876 13,475 13,229 Customer relationships 26,415 26,630 28,713 Total carrying amount 55,346 56,181 58,215 Accumulated amortization: Trademarks, tradenames and franchise agreements (10,634) (10,302) (10,558) Favorable leases (5,420) (4,481) (5,010) Customer relationships (17,652) (15,534) (17,992) Total accumulated amortization (33,706) (30,317) (33,560) Total amortizable intangible assets, net 21,640 25,864 24,655 Indefinite-lived intangible assets: Trademarks and tradename 144,241 144,249 144,332 Total intangible assets, net $ 165,881 $ 170,113 $ 168,987 Pre-tax amortization expense associated with intangible assets subject to amortization totaled $1.0 million and $2.0 million for the three and six months ended August 4, 2018. Pre-tax amortization expense associated with intangible assets subject to amortization totaled $1.0 million and $2.1 million for the three and six months ended July 29, 2017, respectively. Pre-tax amortization associated with intangible assets subject to amortization at August 4, 2018 is estimated to be $1.9 million for the remainder of fiscal 2018, $3.7 million for fiscal 2019, $3.6 million for fiscal 2020, $3.5 million for fiscal 2021 and $2.2 million for fiscal 2022.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 04, 2018
Fair Value Measurements
Fair Value Measurements	14. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a three-tier fair value hierarchy, categorizing the inputs used to measure fair value. The hierarchy can be described as follows: Level 1- observable inputs such as quoted prices in active markets; Level 2- inputs other than the quoted prices in active markets that are observable either directly or indirectly; and Level 3- unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and Liabilities that are Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Instruments Inputs Inputs (in thousands) (Level 1) (Level 2) (Level 3) Total August 4, 2018— Assets: Derivative financial instruments $ — $ 8,240 $ — $ 8,240 Liabilities: Derivative financial instruments $ — $ 1,932 $ — $ 1,932 February 3, 2018— Assets: Derivative financial instruments $ — $ $ — $ Liabilities: Derivative financial instruments $ — $ $ — $ July 29, 2017— Assets: Derivative financial instruments $ — $ 3 $ — $ 3 Liabilities: Derivative financial instruments $ — $ 6,170 $ — $ 6,170 Derivative financial instruments are comprised of (1) interest rate swap agreements to minimize our exposure to interest rate changes on our outstanding indebtedness, (2) foreign currency forward exchange contracts primarily entered into to minimize our foreign currency exposure related to forecasted purchases of certain inventories denominated in a currency different from the operating entity’s functional currency, (3) foreign currency forward exchange contracts primarily entered into to minimize our foreign currency exposure related to forecasted revenues from our United Kingdom (“UK”) operations denominated in a currency different from the UK’s functional currency and (4) foreign currency forward exchange contracts primarily entered into to minimize our foreign currency exposure related to intercompany loans denominated in a currency different from the operating entity’s functional currency. These derivative financial instruments are recorded in the consolidated balance sheets at fair value based upon observable market inputs, primarily pricing models based on current market rates. Derivative financial instruments in an asset position are included within other current assets or other assets in the consolidated balance sheets. Derivative financial instruments in a liability position are included within accrued expenses and other current liabilities or noncurrent liabilities in the consolidated balance sheets. Please see Note 15 for further information regarding our derivative instruments. Assets and Liabilities that are Measured at Fair Value on a Non-Recurring Basis Long-lived assets, such as property and equipment, goodwill and identifiable intangibles, are periodically evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the asset carrying amount exceeds its fair value, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. During the six months ended August 4, 2018, we incurred $0.3 million of asset impairment charges, which is included within SG&A expenses in our condensed consolidated statement of earnings, related to underperforming stores. In addition, we recognized a writeoff of $4.0 million of rental product related to the closure of a rental product distribution center, which is included within cost of sales in our condensed consolidated statement of earnings. During the six months ended July 29, 2017, we incurred $2.9 million of asset impairment charges, which is included within SG&A expenses in our condensed consolidated statement of earnings, primarily related to underperforming stores as well as long-lived assets related to our tuxedo rental license agreement with Macy’s. We estimated the fair value of the long-lived assets based on an income approach using projected future cash flows discounted using a weighted-average cost of capital analysis that reflects current market conditions, which we classify as Level 3 within the fair value hierarchy. Fair Value of Financial Instruments Our financial instruments consist of cash, accounts receivable, accounts payable, accrued expenses and other current liabilities and our Term Loan and Senior Notes. Management estimates that, as of August 4, 2018, July 29, 2017, and February 3, 2018, the carrying value of our financial instruments, other than our Term Loan and Senior Notes, approximated their fair value due to the highly liquid or short-term nature of these instruments. We believe that the borrowings under our ABL Facility approximate their fair value because interest rates are adjusted on a short-term basis. The fair values of our Term Loan were valued based upon observable market data provided by a third party for similar types of debt, which we classify as a Level 2 input within the fair value hierarchy. The fair value of our Senior Notes is based on quoted prices in active markets, which we classify as a Level 1 input within the fair value hierarchy. The table below shows the fair value and carrying value of our long-term debt, including current portion (in thousands): August 4, 2018 July 29, 2017 February 3, 2018 Carrying Estimated Carrying Estimated Carrying Estimated Amount (1) Fair Value Amount (1) Fair Value Amount (1) Fair Value Term Loan and Senior Notes, including current portion $ 1,111,877 $ 1,133,454 $ 1,541,005 $ 1,465,502 $ 1,396,808 $ 1,407,449 (1) The carrying value of the Term Loan and Senior Notes, including current portion is net of deferred financing costs of $7.9 million, $19.0 million and $14.9 million as of August 4, 2018, July 29, 2017 and February 3, 2018, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Aug. 04, 2018
Derivative Financial Instruments
Derivative Financial Instruments	15. Derivative Financial Instruments In April 2017, we entered into an interest rate swap agreement on an initial notional amount of $260.0 million that matures in June 2021 with periodic interest settlements. At August 4, 2018, the notional amount totaled $370.0 million. Under this interest rate swap agreement, we receive a floating rate based on 1-month LIBOR and pay a fixed rate of 5.56% (including the applicable margin of 3.50%) on the outstanding notional amount. We have designated the interest rate swap as a cash flow hedge of the variability of interest payments under the Term Loan due to changes in the LIBOR benchmark interest rate. In June 2018, we entered into an interest rate swap agreement on an initial notional amount of $320.0 million that matures in April 2025 with periodic interest settlements. At August 4, 2018, the notional amount totaled $345.0 million. Under this interest rate swap agreement, we receive a floating rate based on 1-month LIBOR and pay a fixed rate of 6.43% (including the applicable margin of 3.50%) on the outstanding notional amount. We have designated the interest rate swap as a cash flow hedge of the variability of interest payments under the Term Loan due to changes in the LIBOR benchmark interest rate. At August 4, 2018, the fair value of the interest rate swaps was a net asset of $5.2 million with $1.5 million recorded in other current assets and $5.4 million recorded in other assets offset by $1.7 million recorded in accrued expenses and other current liabilities in our condensed consolidated balance sheet. The effective portion of the swaps is reported as a component of accumulated other comprehensive (loss) income. There was no hedge ineffectiveness at August 4, 2018. Changes in fair value are reclassified from accumulated other comprehensive (loss) income into earnings in the same period that the hedged item affects earnings. Over the next 12 months, $0.2 million of the effective portion of the interest rate swaps is expected to be reclassified from accumulated other comprehensive (loss) income into earnings within interest expense. If, at any time, an interest rate swap is determined to be ineffective, in whole or in part, due to changes in the interest rate swap or underlying debt agreements, the fair value of the portion of the interest rate swap determined to be ineffective will be recognized as a gain or loss in the statement of earnings for the applicable period . Also, we have entered into derivative instruments to hedge our foreign exchange risk, specifically related to the British pound and Euro. At August 4, 2018, the notional amount of the British pound and Euro instruments totaled $27.2 million and $8.0 million, respectively, and mature at various times through December 2019. We have designated these instruments as cash flow hedges of the variability in exchange rates for those foreign currencies. At August 4, 2018, the fair value of these cash flow hedges was a net asset of $1.2 million with $1.3 million recorded in other current assets offset by $0.1 million recorded in accrued expenses and other current liabilities in our condensed consolidated balance sheet. The effective portion of the hedges is reported as a component of accumulated other comprehensive (loss) income. Hedge ineffectiveness at August 4, 2018 was immaterial. Changes in fair value are reclassified from accumulated other comprehensive (loss) income into earnings in the same period that the hedged item affects earnings. Over the next 12 months, $0.8 million of the effective portion of the cash flow hedges is expected to be reclassified as expense into cost of sales from accumulated other comprehensive (loss) income. In addition, we are exposed to market risk associated with foreign currency exchange rate fluctuations as a result of our direct sourcing programs, specifically related to the Canadian dollar. As a result, from time to time, we may enter into derivative instruments to hedge this foreign exchange risk. At August 4, 2018, the notional amount of these instruments totaled $4.6 million. We have not elected to apply hedge accounting to these derivative instruments. Amounts related to these transactions were immaterial to our consolidated financial statements.

Segment Reporting

Segment Reporting	6 Months Ended
	Aug. 04, 2018
Segment Reporting
Segment Reporting	16. Segment Reporting Our operations are conducted in two reportable segments, retail and corporate apparel, based on the way we manage, evaluate and internally report our business activities. The retail segment includes the results from our four retail merchandising brands: Men's Wearhouse/Men's Wearhouse and Tux, Jos. A. Bank, Moores Clothing for Men ("Moores") and K&G. These four brands are operating segments that have been aggregated into the retail reportable segment. Prior to its divestiture, MW Cleaners was also aggregated in the retail segment as its operations did not have a significant effect on our revenues or expenses. Specialty apparel merchandise offered by our four retail merchandising concepts include suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes and accessories for men. Women's career and casual apparel, sportswear and accessories, including shoes, and children's apparel is offered at most of our K&G stores. Rental product is offered at our Men's Wearhouse/Men's Wearhouse and Tux, Jos. A. Bank and Moores retail stores. The corporate apparel segment includes the results from our corporate apparel and uniform operations conducted by Dimensions, Alexandra, and Yaffy in the UK and Twin Hill in the U.S., which provide corporate apparel uniforms and workwear to workforces. We measure segment profitability based on operating income, defined as income before interest expense, interest income, (loss) gain on extinguishment of debt, net and income taxes, before shared service expenses. Shared service expenses include costs incurred and directed primarily by our corporate offices that are not allocated to segments. Additional net sales information is as follows (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Net sales: Men's Wearhouse (1) $ 445,197 $ 458,751 $ 893,006 $ 878,818 Jos. A. Bank 172,427 174,325 341,503 341,553 K&G 83,645 85,811 172,925 174,494 Moores 66,645 65,312 112,772 106,125 MW Cleaners (2) — 8,799 2,551 17,313 Total retail segment 767,914 792,998 1,522,757 1,518,303 Total corporate apparel segment 55,516 57,760 118,637 115,361 Total net sales $ 823,430 $ $ $ (1) Consists of Men's Wearhouse, Men's Wearhouse and Tux, tuxedo shops within Macy's and Joseph Abboud. (2) On March 3, 2018, we completed the divestiture of our MW Cleaners business. Please see Note 2 for additional information. Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes is as follows (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Operating income: Retail $ 134,142 $ 155,221 $ 232,863 $ 228,646 Corporate apparel 1,169 2,103 2,752 4,078 Shared service expense (47,325) (48,859) (94,732) (93,257) Operating income 87,986 108,465 140,883 139,467 Interest income 122 98 207 165 Interest expense (20,864) (25,167) (42,845) (50,788) (Loss) gain on extinguishment of debt, net (8,122) 3,281 (20,833) 3,996 Earnings before income taxes $ 59,122 $ $ 77,412 $

Legal Matters

Legal Matters	6 Months Ended
	Aug. 04, 2018
Legal Matters
Legal Matters	17. Legal Matters On February 17, 2016, Anthony Oliver filed a putative class action lawsuit against our Men's Wearhouse subsidiary in the United States District Court for the Central District of California (Case No. 2:16-cv-01100). The complaint attempts to allege claims under the Telephone Consumer Protection Act. In particular the complaint alleges that the Company sent unsolicited text messages to cellular telephones beginning October 1, 2013 to the present day. After we demonstrated that the Company had the plaintiff's permission to send him texts, the plaintiff filed an amended complaint alleging the Company sent text messages exceeding the number plaintiff had agreed to receive each week. The parties filed cross-motions for summary judgment on what constitutes a “week” and the Court recently issued an order granting the plaintiff’s motion and denying our motion on what period constitutes a “week.” On or about August 17, 2018, we entered into a settlement agreement for an immaterial amount consisting of a combination of cash and coupons. The settlement agreement, which is subject to preliminary and final approval of the Court, will not have a material adverse effect on our financial position, results of operations or cash flows. On August 2, 2017, two American Airlines employees, Thor Zurbriggen and Dena Catan, filed a putative class action lawsuit against our Twin Hill subsidiary in the United States District Court for the Northern District of Illinois (Case No. 1:17-cv-05648). The complaint attempts to allege claims for strict liability, negligence, and medical monitoring based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. On September 28, 2017, the plaintiffs filed an amended complaint adding nine additional named plaintiffs, adding American Airlines, Inc. as a defendant, and adding claims for civil battery and intentional infliction of emotional distress. On November 17, 2017, the Company and American Airlines filed motions to dismiss the plaintiffs’ claims. On September 4, 2018, the Court issued an Order denying our Motion to Dismiss and the matter will proceed in due course. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On March 29, 2018, Juliette Onody and numerous other American Airlines employees filed a second class action lawsuit against our Twin Hill subsidiary and four related American Airlines entities in the United States District Court for the Northern District of Illinois (Case No. 1:18-cv-02303). The complaint contains the same substantive factual allegations against Twin Hill as the Zurbriggen case noted above and asserts identical claims for battery, intentional infliction of emotional distress, strict liability, negligence, and medical monitoring based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. Additionally, the same counsel represents the plaintiffs in both cases. On April 13, 2018, the Company filed an unopposed motion to stay this case in its entirety pending the motions to dismiss in the Zurbriggen case and the Court granted that motion on April 16, 2018. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On September 27, 2017, Heather Poole and numerous other American Airlines employees filed a lawsuit against our Twin Hill subsidiary in the Superior Court for the State of California for the County of Alameda (Case No. RG17876798). The complaint attempts to allege claims for strict liability and negligence based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. On December 11, 2017, the Company filed a demurrer to Plaintiff’s complaint. On February 20, 2018, the Court granted our demurrer and dismissed the plaintiffs’ Complaint ruling that the plaintiffs did not allege enough facts to state a claim against Twin Hill. Plaintiffs filed an amended complaint on April 10, 2018 and again on April 27, 2018, which added allegations regarding Plaintiffs’ alleged injuries and named Tailored Brands as a defendant. On May 10, 2018, Twin Hill removed the case to United States District Court for the Northern District of California (Case No. 3:18-cv-2758). Plaintiffs filed a motion to remand the case to state court and, on August 20, 2018 the Court issued an Order remanding the case. Plaintiffs also filed a Third Amended Complaint and Twin Hill and Tailored Brands will have until September 13, 2018 to respond. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On October 30, 2017, Melodie Agnello, Denise Mumma, and numerous other American Airlines employees filed a lawsuit against our Twin Hill subsidiary in the Superior Court for the State of California for the County of Alameda (Case No. RG17880635). The complaint attempts to allege claims for strict liability and negligence based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. On December 11, 2017, the Company filed a demurrer to plaintiff’s complaint. On February 20, 2018, the Court granted our demurrer and dismissed the plaintiffs’ Complaint ruling that the plaintiffs did not allege enough facts to state a claim against Twin Hill. Plaintiffs filed an amended complaint on April 27, 2018, which added allegations regarding Plaintiffs’ alleged injuries and named Tailored Brands as a defendant. On May 10, 2018, Twin Hill removed the case to United States District Court for the Northern District of California (Case No. 3:18-cv-2756). Plaintiffs filed a motion to remand the case to state court and, on August 20, 2018 the Court issued an Order remanding the case. Plaintiffs also filed a Third Amended Complaint and Twin Hill and Tailored Brands will have until September 13, 2018 to respond. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On April 27, 2018, Alexandra Hughes, and numerous other American Airlines employees filed a lawsuit against our Twin Hill subsidiary and Tailored Brands in the Superior Court for the State of California for the County of Alameda (Case No. RG18902727). The complaint attempts to allege claims for strict liability and negligence based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. On May 10, 2018, Twin Hill removed the case to United States District Court for the Northern District of California (Case No. 4:18-cv-2762). Plaintiffs filed a motion to remand the case to state court, which is scheduled to be heard on August 31, 2018. Plaintiffs filed a motion to remand the case to state court and, on August 20, 2018 the Court issued an Order remanding the case. Plaintiffs also filed a Third Amended Complaint and Tailored Brands will have until September 13, 2018 to respond. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On April 27, 2018, Rosemary Mackonochie, and numerous other American Airlines employees filed a lawsuit against our Twin Hill subsidiary and Tailored Brands in the Superior Court for the State of California for the County of Alameda (Case No. RG18902720). The complaint attempts to allege claims for strict liability and negligence based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. On May 10, 2018, Twin Hill removed the case to United States District Court for the Northern District of California (Case No. 4:18-cv-2761). Plaintiffs filed a motion to remand the case to state court, which is scheduled to be heard on August 31, 2018. Plaintiffs filed a motion to remand the case to state court and, on August 20, 2018 the Court issued an Order remanding the case. Plaintiffs also filed a Third Amended Complaint and Twin Hill and Tailored Brands will have until September 13, 2018 to respond. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. On August 24, 2018, Lisa Joy and numerous other American Airlines employees filed a third class action lawsuit against our Twin Hill subsidiary and four related American Airlines entities in the United States District Court for the Northern District of Illinois (Case No. 1:18-cv-05808). The complaint contains the same substantive factual allegations against Twin Hill as the Zurbriggen case noted above and asserts identical claims for battery, intentional infliction of emotional distress, strict liability, negligence, and medical monitoring based on allegedly defective uniforms Twin Hill supplied to American Airlines for its employees. Additionally, the same counsel represents the plaintiffs in both cases. On August 31, 2018, the Company filed an unopposed motion to stay this case in its entirety pending the motions to dismiss in the Zurbriggen case and the Court granted that motion on September 11, 2018. We believe that any lawsuit filed on the basis of the safety of the Twin Hill uniforms supplied to American Airlines is without merit, and we intend to contest this action vigorously. Twin Hill has substantial and convincing evidence of the uniforms' safety and fitness for their intended purpose, and we believe that there is no evidence linking any of the plaintiffs' alleged injuries to our uniforms. The range of loss, if any, is not reasonably estimable at this time. We do not currently believe, however, that it will have a material adverse effect on our financial position, results of operations or cash flows. In addition, we are involved in various routine legal proceedings, including ongoing litigation, incidental to the conduct of our business. Management does not believe that any of these matters will have a material adverse effect on our financial position, results of operations or cash flows.

Condensed Consolidating Informa

Condensed Consolidating Information	6 Months Ended
	Aug. 04, 2018
Condensed Consolidating Information
Condensed Consolidating Information	18. Condensed Consolidating Information As discussed in Note 5, The Men's Wearhouse (the "Issuer") issued $600.0 million in aggregate principal amount of Senior Notes. The Senior Notes are guaranteed jointly and severally, on an unsecured basis by Tailored Brands, Inc. (the "Parent") and certain of our U.S. subsidiaries (the "Guarantors"). Our foreign subsidiaries (collectively, the "Non-Guarantors") are not guarantors of the Senior Notes. Each of the Guarantors is 100% owned and all guarantees are joint and several. In addition, the guarantees are full and unconditional except for certain automatic release provisions related to the Guarantors. These automatic release provisions are considered customary and include the sale or other disposition of all or substantially all of the assets or all of the capital stock of any subsidiary guarantor, the release or discharge of a guarantor's guarantee of the obligations under the Term Loan other than a release or discharge through payment thereon, the designation in accordance with the Indenture of a guarantor as an unrestricted subsidiary or the satisfaction of the requirements for defeasance or discharge of the Senior Notes as provided for in the Indenture. The tables in the following pages present the condensed consolidating financial information for the Parent, the Issuer, the Guarantors and the Non-Guarantors, together with eliminations, as of and for the periods indicated. The consolidating financial information may not necessarily be indicative of the financial positions, results of operations or cash flows had the Issuer, Guarantors and Non-Guarantors operated as independent entities. Tailored Brands, Inc. Condensed Consolidating Balance Sheet August 4, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 2,086 $ 2,215 $ 63,914 $ — $ 68,215 Accounts receivable, net — 25,994 321,918 50,882 (333,695) 65,099 Inventories — 162,588 434,499 189,423 — 786,510 Other current assets 3,719 18,975 53,284 11,513 — 87,491 Total current assets 3,719 209,643 811,916 315,732 (333,695) 1,007,315 Property and equipment, net — 191,503 201,939 33,665 — 427,107 Rental product, net — 91,843 4,066 15,436 — 111,345 Goodwill — 6,160 53,422 44,104 — 103,686 Intangible assets, net — — 154,580 11,301 — 165,881 Investments in subsidiaries 141,149 1,377,602 — — (1,518,751) — Other assets — 12,290 655 81,087 (80,535) 13,497 Total assets $ 144,868 $ 1,889,041 $ 1,226,578 $ 501,325 $ (1,932,981) $ 1,828,831 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 126,871 $ 237,341 $ 53,847 $ 61,617 $ (333,695) $ 145,981 Accrued expenses and other current liabilities 13,049 146,213 124,928 35,788 — 319,978 Current portion of long-term debt — 9,000 — — — 9,000 Total current liabilities 139,920 392,554 178,775 97,405 (333,695) 474,959 Long-term debt, net — 1,207,377 — — — 1,207,377 Deferred taxes, net and other liabilities 4,937 147,961 47,365 26,756 (80,535) 146,484 Shareholders' equity 11 141,149 1,000,438 377,164 (1,518,751) 11 Total liabilities and shareholders' equity $ 144,868 $ 1,889,041 $ 1,226,578 $ 501,325 $ (1,932,981) $ 1,828,831 Tailored Brands, Inc. Condensed Consolidating Balance Sheet July 29, 2017 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 13,482 $ 1,924 $ 97,335 $ — $ 112,741 Accounts receivable, net 7,380 18,103 430,884 102,613 (487,080) 71,900 Inventories — 186,831 403,875 354,077 — 944,783 Other current assets 7,310 204,477 26,431 9,346 (192,132) 55,432 Total current assets 14,690 422,893 863,114 563,371 (679,212) 1,184,856 Property and equipment, net — 218,122 204,641 36,767 — 459,530 Rental product, net — 116,525 4,894 17,978 — 139,397 Goodwill — 6,160 68,510 45,210 — 119,880 Intangible assets, net — 24 156,307 13,782 — 170,113 Investments in subsidiaries (16,512) 1,436,555 — — (1,420,043) — Other assets — 4,790 897 6,861 (6,600) 5,948 Total assets $ $ 2,205,069 $ 1,298,363 $ 683,969 $ $ 2,079,724 LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY CURRENT LIABILITIES: Accounts payable $ 26,528 $ 480,565 $ 60,420 $ 59,723 $ (487,080) $ 140,156 Accrued expenses and other current liabilities 17,967 119,314 113,058 217,443 (184,856) 282,926 Current portion of long-term debt — 8,750 — — — 8,750 Total current liabilities 44,495 608,629 173,478 277,166 (671,936) 431,832 Long-term debt, net — 1,532,255 — — — 1,532,255 Deferred taxes, net and other liabilities 359 80,697 84,509 10,624 (13,876) 162,313 Shareholders' (deficit) equity (46,676) (16,512) 1,040,376 396,179 (1,420,043) (46,676) Total liabilities and shareholders' (deficit) equity $ $ 2,205,069 $ 1,298,363 $ 683,969 $ $ 2,079,724 Tailored Brands, Inc. Condensed Consolidating Balance Sheet February 3, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 51,818 $ 2,180 $ 49,609 $ — $ 103,607 Accounts receivable, net — 23,712 368,328 58,573 (370,830) 79,783 Inventories — 207,504 445,126 199,301 — 851,931 Other current assets 3,666 26,951 38,217 9,418 — 78,252 Total current assets 3,666 309,985 853,851 316,901 (370,830) 1,113,573 Property and equipment, net — 203,204 220,979 36,491 — 460,674 Rental product, net — 103,664 3,658 16,408 — 123,730 Goodwill — 6,160 67,010 47,122 — 120,292 Intangible assets, net — — 155,438 13,549 — 168,987 Investments in subsidiaries 128,458 1,424,647 — — (1,553,105) — Other assets — 11,183 805 81,846 (81,135) 12,699 Total assets $ 132,124 $ $ $ $ $ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 110,326 $ 281,838 $ 57,756 $ 66,016 $ (370,830) $ 145,106 Accrued expenses and other current liabilities 14,061 87,597 155,813 34,187 — 291,658 Current portion of long-term debt — 7,000 — — — 7,000 Total current liabilities 124,387 376,435 213,569 100,203 (370,830) 443,764 Long-term debt, net — 1,389,808 — — — 1,389,808 Deferred taxes, net and other liabilities 5,545 164,142 46,641 28,998 (81,135) 164,191 Shareholders' equity 2,192 128,458 1,041,531 383,116 (1,553,105) 2,192 Total liabilities and shareholders' equity $ 132,124 $ $ $ $ $ Tailored Brands, Inc. Condensed Consolidating Statement of Earnings (Loss) (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Three Months Ended August 4, 2018 Net sales $ — $ 443,685 $ 386,319 164,525 $ (171,099) $ 823,430 Cost of sales — 220,210 288,057 117,360 (171,099) 454,528 Gross margin — 223,475 98,262 47,165 — 368,902 Operating expenses 1,083 132,573 132,681 29,064 (14,485) 280,916 Operating (loss) income (1,083) 90,902 (34,419) 18,101 14,485 87,986 Other income and expenses, net — — 14,485 — (14,485) — Interest expense, net (923) (22,458) 2,131 508 — (20,742) Loss on extinguishment of debt, net — (8,122) — — — (8,122) (Loss) earnings before income taxes (2,006) 60,322 (17,803) 18,609 — 59,122 (Benefit) provision for income taxes (461) 9,505 (2,557) 3,397 — 9,884 (Loss) earnings before equity in net income of subsidiaries (1,545) 50,817 (15,246) 15,212 — 49,238 Equity in earnings (loss) of subsidiaries 50,783 (34) — — (50,749) — Net earnings (loss) $ 49,238 $ 50,783 $ (15,246) $ 15,212 $ (50,749) $ 49,238 Comprehensive income (loss) $ 42,583 $ 50,681 $ (15,246) $ 8,659 $ (44,094) $ 42,583 Three Months Ended July 29, 2017 Net sales $ — $ 457,870 $ 369,476 $ 135,125 $ (111,713) $ 850,758 Cost of sales — 208,789 265,051 91,935 (111,713) 454,062 Gross margin — 249,081 104,425 43,190 — 396,696 Operating expenses 779 134,389 138,023 28,904 (13,864) 288,231 Operating (loss) income (779) 114,692 (33,598) 14,286 13,864 108,465 Other income and expenses, net — — 14,138 (274) (13,864) — Interest expense, net 242 (25,329) 1,703 (1,685) — (25,069) Gain on extinguishment of debt, net — 3,281 — — — 3,281 (Loss) earnings before income taxes (537) 92,644 (17,757) 12,327 — 86,677 (Benefit) provision for income taxes (167) 30,215 (6,205) 4,363 — 28,206 (Loss) earnings before equity in net income of subsidiaries (370) 62,429 (11,552) 7,964 — 58,471 Equity in earnings (loss) of subsidiaries 58,841 (3,588) — — (55,253) — Net earnings (loss) $ 58,471 $ 58,841 $ (11,552) $ 7,964 $ (55,253) $ 58,471 Comprehensive income (loss) $ 72,498 $ 58,544 $ (11,552) $ 22,288 $ (69,280) $ 72,498 Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Six Months Ended August 4, 2018 Net sales $ — $ 889,932 $ 767,740 $ 292,192 $ (308,470) $ 1,641,394 Cost of sales — 445,183 579,000 211,555 (308,470) 927,268 Gross margin — 444,749 188,740 80,637 — 714,126 Operating expenses 1,965 269,846 271,076 57,507 (27,151) 573,243 Operating (loss) income (1,965) 174,903 (82,336) 23,130 27,151 140,883 Other income and expenses, net — — 27,151 — (27,151) — Interest expense, net (1,687) (46,124) 4,145 1,028 — (42,638) Loss on extinguishment of debt, net — (20,833) — — — (20,833) (Loss) earnings before income taxes (3,652) 107,946 (51,040) 24,158 — 77,412 (Benefit) provision for income taxes (1,119) 20,578 (10,568) 5,374 — 14,265 (Loss) earnings before equity in net income of subsidiaries (2,533) 87,368 (40,472) 18,784 — 63,147 Equity in earnings (loss) of subsidiaries 65,680 (21,688) — — (43,992) — Net earnings (loss) $ 63,147 $ 65,680 $ (40,472) $ 18,784 $ (43,992) $ 63,147 Comprehensive income (loss) $ 45,149 $ 66,772 $ (40,472) $ (306) $ (25,994) $ 45,149 Six Months Ended July 29, 2017 Net sales $ — $ 876,795 $ 741,740 $ 270,383 $ (255,254) $ 1,633,664 Cost of sales — 421,288 543,682 194,812 (255,254) 904,528 Gross margin — 455,507 198,058 75,571 — 729,136 Operating expenses 1,682 290,172 271,555 54,856 (28,596) 589,669 Operating (loss) income (1,682) 165,335 (73,497) 20,715 28,596 139,467 Other income and expenses, net — — 28,870 (274) (28,596) — Interest expense, net 352 (51,221) 3,261 (3,015) — (50,623) Gain on extinguishment of debt, net — 3,996 — — — 3,996 (Loss) earnings before income taxes (1,330) 118,110 (41,366) 17,426 — 92,840 Provision (benefit) for income taxes 1,778 38,684 (13,957) 6,025 — 32,530 (Loss) earnings before equity in net income of subsidiaries (3,108) 79,426 (27,409) 11,401 — 60,310 Equity in earnings (loss) of subsidiaries 63,418 (16,008) — — (47,410) — Net earnings (loss) $ 60,310 $ 63,418 $ (27,409) $ 11,401 $ (47,410) $ 60,310 Comprehensive income (loss) $ 72,212 $ 61,464 $ (27,409) $ 25,257 $ (59,312) $ 72,212 Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended August 4, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 21,132 $ 320,774 $ (2,235) $ (122,936) $ (18,744) $ 197,991 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — (6,058) (15,485) (3,102) — (24,645) Proceeds from divestiture of business — — 17,755 — — 17,755 Intercompany activities — (142,775) — — 142,775 — Net cash (used in) provided by investing activities — (148,833) 2,270 (3,102) 142,775 (6,890) CASH FLOWS FROM FINANCING ACTIVITIES: Payments on original term loan — (993,420) — — — (993,420) Proceeds from new term loan — 895,500 — — — 895,500 Payments on new term loan — (4,500) — — — (4,500) Proceeds from asset-based revolving credit facility — 199,500 — — — 199,500 Payments on asset-based revolving credit facility — (95,000) — — — (95,000) Repurchase and retirement of senior notes — (199,365) — — — (199,365) Deferred financing costs — (5,644) — — — (5,644) Intercompany activities — (18,744) — 142,775 (124,031) — Cash dividends paid (18,744) — — — — (18,744) Proceeds from issuance of common stock 4,113 — — — — 4,113 Tax payments related to vested deferred stock units (6,501) — — — — (6,501) Net cash (used in) provided by financing activities (21,132) (221,673) — 142,775 (124,031) (224,061) Effect of exchange rate changes — — — (2,432) — (2,432) (Decrease) increase in cash and cash equivalents — (49,732) 35 14,305 — (35,392) Cash and cash equivalents at beginning of period — 51,818 2,180 49,609 — 103,607 Cash and cash equivalents at end of period $ — $ 2,086 $ 2,215 $ 63,914 $ — $ 68,215 Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended July 29, 2017 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 18,750 $ 288,017 $ 17,196 $ (165,401) $ (18,033) $ 140,529 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — (11,384) (19,310) (3,279) — (33,973) Acquisition of business, net of cash — — — (457) — (457) Intercompany activities — (192,824) — — 192,824 — Proceeds from sale of property and equipment — — 2,157 — — 2,157 Net cash used in investing activities — (204,208) (17,153) (3,736) 192,824 (32,273) CASH FLOWS FROM FINANCING ACTIVITIES: Payments on original term loan — (8,129) — — — (8,129) Proceeds from asset-based revolving credit facility — 181,550 — — — 181,550 Payments on asset-based revolving credit facility — (181,550) — — — (181,550) Repurchase and retirement of senior notes — (45,167) — — — (45,167) Intercompany activities — (18,033) — 192,824 (174,791) — Cash dividends paid (18,033) — — — — (18,033) Proceeds from issuance of common stock 927 — — — — 927 Tax payments related to vested deferred stock units (1,644) — — — — (1,644) Net cash (used in) provided by financing activities (18,750) (71,329) — 192,824 (174,791) (72,046) Effect of exchange rate changes — — — 5,642 — 5,642 Increase in cash and cash equivalents — 12,480 43 29,329 — 41,852 Cash and cash equivalents at beginning of period — 1,002 1,881 68,006 — 70,889 Cash and cash equivalents at end of period $ — $ 13,482 $ 1,924 $ 97,335 $ — $ 112,741

Significant Accounting Polici24

Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 04, 2018
Significant Accounting Policies
Basis of Presentation	Basis of Presentation — The condensed consolidated financial statements herein include the accounts of Tailored Brands, Inc. and its subsidiaries (the "Company") and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). As applicable under such regulations, certain information and footnote disclosures have been condensed or omitted. We believe the presentation and disclosures herein are adequate to make the information not misleading, and the condensed consolidated financial statements reflect all elimination entries and normal recurring adjustments which are necessary for a fair presentation of the financial position, results of operations and cash flows at the dates and for the periods presented. Our business results historically have fluctuated throughout the year and, as a result, the operating results of the interim periods presented are not necessarily indicative of the results that may be achieved for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended February 3, 2018. Unless the context otherwise requires, "Company", "we", "us" and "our" refer to Tailored Brands, Inc. and its subsidiaries. The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual amounts could differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — We have considered all new accounting pronouncements and have concluded there are no new pronouncements that may have a material impact on our financial position, results of operations, or cash flows, based on current information, except for those listed below. In August 2017, the Financial Accounting Standards Board ("FASB") i ssued Accounting Standards Update ("ASU") ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities . ASU 2017-12 amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. ASU 2017-12 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. The guidance must be applied on a modified retrospective basis, while presentation and disclosure requirements set forth under ASU 2017-12 are required prospectively in all interim periods and fiscal years ending after the date of adoption . Early adoption of ASU 2017-12 is permitted. We do not expect the adoption of ASU 2017-12 to have a material impact on our financial position, results of operations or cash flows . In February 2016, the FASB issued ASU No. 2016-02, Leases. ASU 2016-02 increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous U.S. GAAP and ASU 2016-02 is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. ASU 2016-02 is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of ASU 2016-02 is permitted. The guidance is required to be adopted using the modified retrospective approach, which provides an entity the option to apply the guidance at the beginning of the earliest comparative period presented, or at the beginning of the period in which it is adopted. We have completed our review of the guidance and have made progress in our assessment phase including finalizing the practical expedient and accounting policy elections we will make upon adoption. While we are still evaluating the impact ASU 2016-02 will have on our consolidated financial statements and related disclosures, we expect that it will result in a significant increase in our long-term assets and liabilities given we have a considerable number of operating leases.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 04, 2018
Earnings Per Share
Computation of basic and diluted earnings (loss) per common share allocated to common shareholders	The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts): For the Three Months Ended For the Six Months Ended August 4, July 29, August 4, July 29, 2018 2017 2018 2017 Numerator Net earnings $ 49,238 $ 58,471 $ 63,147 $ 60,310 Denominator Basic weighted-average common shares outstanding 49,840 49,107 49,649 48,958 Dilutive effect of share-based awards 1,011 65 1,136 204 Diluted weighted-average common shares outstanding 50,851 49,172 50,785 49,162 Net earnings per common share: Basic $ 0.99 $ 1.19 $ 1.27 $ 1.23 Diluted $ 0.97 $ 1.19 $ 1.24 $ 1.23

Debt (Tables)

Debt (Tables)	6 Months Ended
	Aug. 04, 2018
Debt
Schedule of long-term debt	The following table provides details on our long-term debt as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Term Loan (net of unamortized OID of $4.3 million at August 4, 2018, $3.6 million at July 29, 2017, and $3.0 million at February 3, 2018) $ 891,210 $ 1,035,030 $ 990,465 Senior Notes 228,607 525,000 421,209 ABL Facility 104,500 — — Less: Deferred financing costs related to the Term Loan and Senior Notes (7,940) (19,025) (14,866) Total long-term debt, net 1,216,377 1,541,005 1,396,808 Current portion of long-term debt (9,000) (8,750) (7,000) Total long-term debt, net of current portion $ 1,207,377 $ 1,532,255 $ 1,389,808

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Aug. 04, 2018
Revenue Recognition
Schedule of cumulative effect of changes in adoption of ASU 606	The cumulative effect of the changes made to our February 3, 2018 balance sheet for the adoption of ASU 606 (in thousands): Reported Adjusted Balance at Impact of Balance at February 3, Adoption of February 3, 2018 ASU 606 2018 Assets: Accounts receivable, net $ 79,783 $ (303) $ 79,480 Inventories 851,931 (17,837) 834,094 Other current assets 78,252 2,753 81,005 Liabilities: Accrued expenses and other current liabilities 285,537 32,378 317,915 Deferred taxes, net and other liabilities 164,191 (11,941) 152,250 Equity: Accumulated deficit (479,166) (35,824) (514,990) In accordance with ASC 606, the following tables reflect the impact on our fiscal 2018 condensed consolidated income statement and balance sheet as if we had continued to apply accounting standards in effect last year (“Legacy GAAP”) (amounts in thousands): Statement of Earnings For the Three Months Ended August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Net sales: Total retail sales $ 767,914 $ 762,538 $ (5,376) Corporate apparel clothing product 55,516 57,394 1,878 Costs and expenses: Total retail cost of sales 413,912 413,640 (272) Total corporate apparel clothing product cost of sales 40,616 42,054 1,438 Selling, general and administrative expenses 242,255 241,847 (408) Provision for income taxes 9,884 9,172 (712) Net earnings 49,238 45,694 (3,544) Diluted net earnings per common share $ $ 0.90 $ (0.07) For the Six Months Ended August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Net sales: Total retail sales $ 1,522,757 $ 1,520,626 $ (2,131) Corporate apparel clothing product 118,637 123,896 5,259 Costs and expenses: Total retail cost of sales 839,986 839,966 (20) Total corporate apparel clothing product cost of sales 87,282 91,529 4,247 Selling, general and administrative expenses 493,349 492,604 (745) Provision for income taxes 14,265 14,200 (65) Net earnings 63,147 62,858 (289) Diluted net earnings per common share $ $ 1.24 $ — Balance Sheet August 4, 2018 As Amounts Under Effect of Change Reported Legacy GAAP Increase/(Decrease) Assets: Accounts receivable, net $ 65,099 $ 67,978 $ 2,879 Inventories 786,510 799,258 12,748 Other current assets 87,491 84,904 (2,587) Liabilities: Accrued expenses and other current liabilities 313,319 262,711 (50,608) Deferred taxes, net and other liabilities 146,484 134,517 (11,967) Equity: Accumulated deficit $ (470,377) $ (434,842) $ 35,535
Schedule of disaggregation of revenue	Revenues The following table depicts the disaggregation of revenue by major source (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Net sales: Men's tailored clothing product $ 356,504 $ 341,182 $ 712,241 $ 673,812 Men's non-tailored clothing product 229,105 234,093 464,711 462,792 Women's clothing product 17,447 18,100 37,029 37,927 Other (1) 2,732 1,619 5,451 4,048 Total retail clothing product 605,788 594,994 1,219,432 1,178,579 Rental services 125,095 151,978 225,322 246,798 Alteration services 37,031 37,227 75,452 75,613 Retail dry cleaning services (2) — 8,799 2,551 17,313 Total alteration and other services 37,031 46,026 78,003 92,926 Total retail sales 767,914 792,998 1,522,757 1,518,303 Corporate apparel clothing product 55,516 57,760 118,637 115,361 Total net sales $ 823,430 $ $ $ (1) Other consists of franchise and licensing revenues and gift card breakage. Franchise revenues are generally recognized at a point in time while licensing revenues consist primarily of minimum guaranteed royalty amounts recognized over an elapsed time period. (2) On March 3, 2018, we completed the divestiture of our MW Cleaners business. Please see Note 2 for additional information.
Schedule of opening and closing balance of contract liabilities	The following table summarizes the opening and closing balances of our contract liabilities (in thousands): Balance at Increase Balance at February 3, 2018 (Decrease) August 4, 2018 As Adjusted Contract liabilities $ 141,552 $ 21,858 $ 163,410

Supplemental Cash Flows (Tables

Supplemental Cash Flows (Tables)	6 Months Ended
	Aug. 04, 2018
Supplemental Cash Flows
Schedule of supplemental disclosure of cash flow information	Supplemental disclosure of cash flow information is as follows (in thousands): For the Six Months Ended August 4, July 29, 2018 2017 Cash paid for interest $ 41,481 $ 51,052 Cash paid for income taxes, net $ 15,664 $ 14,591

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 04, 2018
Inventories
Schedule of inventories	The following table provides details on our inventories as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Finished goods $ 675,405 $ 841,101 $ 739,668 Raw materials and merchandise components 111,105 103,682 112,263 Total inventories $ 786,510 $ 944,783 $ 851,931

Other Current Assets, Accrued30

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities (Tables)	6 Months Ended
	Aug. 04, 2018
Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities
Other current assets	The following table provides details on our other current assets as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Prepaid expenses $ 57,197 $ 45,718 $ 47,545 Tax receivable 17,401 2,428 20,368 Other 12,893 7,286 10,339 Total other current assets $ 87,491 $ 55,432 $ 78,252
Accrued expenses and other current liabilities	The following table provides details on our accrued expenses and other current liabilities as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Accrued salary, bonus, sabbatical, vacation and other benefits $ 69,839 $ 61,431 $ 84,767 Customer deposits, prepayments and refunds payable 66,261 54,043 59,633 Loyalty program liabilities 63,295 9,226 9,106 Unredeemed gift cards 28,152 36,245 39,609 Accrued workers compensation and medical costs 26,146 27,009 25,244 Sales, value added, payroll, property and other taxes payable 24,197 33,472 29,409 Accrued dividends 10,918 10,456 11,128 Accrued interest 2,379 12,477 3,281 Accrued royalties 1,398 4,515 5,032 Lease termination and other store closure costs 132 3,135 427 Other 20,602 24,607 17,901 Total accrued expenses and other current liabilities $ 313,319 $ 276,616 $ 285,537
Deferred taxes, net and other liabilities	The following table provides details on our deferred taxes, net and other liabilities as of August 4, 2018, July 29, 2017 and February 3, 2018 (in thousands): August 4, July 29, February 3, 2018 2017 2018 Deferred and other income tax liabilities, net $ 80,413 $ 90,957 $ 95,314 Deferred rent and landlord incentives 58,801 60,467 60,136 Unfavorable lease liabilities 2,357 3,760 2,910 Other 4,913 7,129 5,831 Total deferred taxes, net and other liabilities $ 146,484 $ 162,313 $ 164,191

Accumulated Other Comprehensi31

Accumulated Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Aug. 04, 2018
Accumulated Other Comprehensive (Loss) Income.
Summary of components of accumulated other comprehensive (loss) income	The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended August 4, 2018 (in thousands and net of tax): Foreign Currency Cash Flow Pension Translation Hedges Plan Total BALANCE— February 3, 2018 $ (11,116) $ 145 $ 189 $ (10,782) Other comprehensive (loss) income before reclassifications (21,967) 2,630 — (19,337) Amounts reclassified from accumulated other comprehensive loss — 1,339 — 1,339 Net current-period other comprehensive (loss) income (21,967) 3,969 — (17,998) BALANCE— August 4, 2018 $ (33,083) $ 4,114 $ 189 $ (28,780) The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended July 29, 2017 (in thousands and net of tax): Foreign Currency Cash Flow Pension Translation Hedges Plan Total BALANCE— January 28, 2017 $ (40,205) $ (82) $ 204 $ (40,083) Other comprehensive income (loss) before reclassifications 16,114 (5,482) — 10,632 Amounts reclassified from accumulated other comprehensive loss — 1,270 — 1,270 Net current-period other comprehensive income (loss) 16,114 (4,212) — 11,902 BALANCE— July 29, 2017 $ (24,091) $ (4,294) $ 204 $ (28,181)

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	6 Months Ended
	Aug. 04, 2018
Summary of time-based and performance-based awards activity	Weighted-Average Units Grant-Date Fair Value Time- Performance- Time- Performance- Based Based Based Based Non-Vested at February 3, 2018 1,014,689 993,631 $ 18.13 $ 19.55 Granted 485,715 242,509 Vested (1) (497,676) (131,074) Forfeited (61,799) (90,604) Non-Vested at August 4, 2018 940,929 1,014,462 $ $ (1) Includes 224,497 shares relinquished for tax payments related to vested DSUs for the six months ended August 4, 2018.
Summary of stock option activity	Weighted- Number of Average Shares Exercise Price Outstanding at February 3, 2018 1,527,176 $ 21.97 Granted 208,769 Exercised (144,583) 22.60 Forfeited (44,703) Expired (8,087) Outstanding at August 4, 2018 1,538,572 $ Exercisable at August 4, 2018 801,720 $
Weighted-average assumptions used to calculate fair value of stock options	For the Six Months Ended August 4, 2018 Risk-free interest rate Expected lives 5.0 years Dividend yield Expected volatility
Cash Settled Awards
Summary of share-based compensation of cash settled awards	The following table summarizes the activity of cash settled awards for the six months ended August 4, 2018 (in thousands): Cash Settled Awards Non-Vested at February 3, 2018 $ 8,353 Granted — Vested (2,613) Forfeited (304) Non-Vested at August 4, 2018 $ 5,436

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Aug. 04, 2018
Goodwill and Other Intangible Assets
Changes in the net carrying amount of goodwill	Goodwill allocated to our reportable segments and changes in the net carrying amount of goodwill for the six months ended August 4, 2018 are as follows (in thousands): Corporate Retail Apparel Total Balance at February 3, 2018 $ 94,305 25,987 $ 120,292 Goodwill of divested business (see Note 2) (13,588) — (13,588) Translation adjustment (1,042) (1,976) (3,018) Balance at August 4, 2018 $ 79,675 $ 24,011 $ 103,686
Gross carrying amount and accumulated amortization of identifiable intangible assets	The gross carrying amount and accumulated amortization of our identifiable intangible assets are as follows (in thousands): August 4, July 29, February 3, 2018 2017 2018 Amortizable intangible assets: Carrying amount: Trademarks, tradenames and franchise agreements $ 16,055 $ 16,076 $ 16,273 Favorable leases 12,876 13,475 13,229 Customer relationships 26,415 26,630 28,713 Total carrying amount 55,346 56,181 58,215 Accumulated amortization: Trademarks, tradenames and franchise agreements (10,634) (10,302) (10,558) Favorable leases (5,420) (4,481) (5,010) Customer relationships (17,652) (15,534) (17,992) Total accumulated amortization (33,706) (30,317) (33,560) Total amortizable intangible assets, net 21,640 25,864 24,655 Indefinite-lived intangible assets: Trademarks and tradename 144,241 144,249 144,332 Total intangible assets, net $ 165,881 $ 170,113 $ 168,987

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 04, 2018
Fair Value Measurements
Assets and Liabilities that are Measured at Fair Value on a Recurring Basis	Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Instruments Inputs Inputs (in thousands) (Level 1) (Level 2) (Level 3) Total August 4, 2018— Assets: Derivative financial instruments $ — $ 8,240 $ — $ 8,240 Liabilities: Derivative financial instruments $ — $ 1,932 $ — $ 1,932 February 3, 2018— Assets: Derivative financial instruments $ — $ $ — $ Liabilities: Derivative financial instruments $ — $ $ — $ July 29, 2017— Assets: Derivative financial instruments $ — $ 3 $ — $ 3 Liabilities: Derivative financial instruments $ — $ 6,170 $ — $ 6,170
Schedule of fair value and carrying value of long-term debt, including current portion	The table below shows the fair value and carrying value of our long-term debt, including current portion (in thousands): August 4, 2018 July 29, 2017 February 3, 2018 Carrying Estimated Carrying Estimated Carrying Estimated Amount (1) Fair Value Amount (1) Fair Value Amount (1) Fair Value Term Loan and Senior Notes, including current portion $ 1,111,877 $ 1,133,454 $ 1,541,005 $ 1,465,502 $ 1,396,808 $ 1,407,449

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Aug. 04, 2018
Segment Reporting
Net sales by brand and reportable segment	Additional net sales information is as follows (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Net sales: Men's Wearhouse (1) $ 445,197 $ 458,751 $ 893,006 $ 878,818 Jos. A. Bank 172,427 174,325 341,503 341,553 K&G 83,645 85,811 172,925 174,494 Moores 66,645 65,312 112,772 106,125 MW Cleaners (2) — 8,799 2,551 17,313 Total retail segment 767,914 792,998 1,522,757 1,518,303 Total corporate apparel segment 55,516 57,760 118,637 115,361 Total net sales $ 823,430 $ $ $ (1) Consists of Men's Wearhouse, Men's Wearhouse and Tux, tuxedo shops within Macy's and Joseph Abboud. (2) On March 3, 2018, we completed the divestiture of our MW Cleaners business. Please see Note 2 for additional information.
Operating income (loss) by reportable segment, shared service expense, and the reconciliation to earnings before income taxes	Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes is as follows (in thousands): For the Three Months Ended For the Six Months Ended August 4, 2018 July 29, 2017 August 4, 2018 July 29, 2017 Operating income: Retail $ 134,142 $ 155,221 $ 232,863 $ 228,646 Corporate apparel 1,169 2,103 2,752 4,078 Shared service expense (47,325) (48,859) (94,732) (93,257) Operating income 87,986 108,465 140,883 139,467 Interest income 122 98 207 165 Interest expense (20,864) (25,167) (42,845) (50,788) (Loss) gain on extinguishment of debt, net (8,122) 3,281 (20,833) 3,996 Earnings before income taxes $ 59,122 $ $ 77,412 $

Condensed Consolidating Infor36

Condensed Consolidating Information (Tables)	6 Months Ended
	Aug. 04, 2018
Condensed Consolidating Information
Condensed Consolidating Balance Sheet	Tailored Brands, Inc. Condensed Consolidating Balance Sheet August 4, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 2,086 $ 2,215 $ 63,914 $ — $ 68,215 Accounts receivable, net — 25,994 321,918 50,882 (333,695) 65,099 Inventories — 162,588 434,499 189,423 — 786,510 Other current assets 3,719 18,975 53,284 11,513 — 87,491 Total current assets 3,719 209,643 811,916 315,732 (333,695) 1,007,315 Property and equipment, net — 191,503 201,939 33,665 — 427,107 Rental product, net — 91,843 4,066 15,436 — 111,345 Goodwill — 6,160 53,422 44,104 — 103,686 Intangible assets, net — — 154,580 11,301 — 165,881 Investments in subsidiaries 141,149 1,377,602 — — (1,518,751) — Other assets — 12,290 655 81,087 (80,535) 13,497 Total assets $ 144,868 $ 1,889,041 $ 1,226,578 $ 501,325 $ (1,932,981) $ 1,828,831 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 126,871 $ 237,341 $ 53,847 $ 61,617 $ (333,695) $ 145,981 Accrued expenses and other current liabilities 13,049 146,213 124,928 35,788 — 319,978 Current portion of long-term debt — 9,000 — — — 9,000 Total current liabilities 139,920 392,554 178,775 97,405 (333,695) 474,959 Long-term debt, net — 1,207,377 — — — 1,207,377 Deferred taxes, net and other liabilities 4,937 147,961 47,365 26,756 (80,535) 146,484 Shareholders' equity 11 141,149 1,000,438 377,164 (1,518,751) 11 Total liabilities and shareholders' equity $ 144,868 $ 1,889,041 $ 1,226,578 $ 501,325 $ (1,932,981) $ 1,828,831 Tailored Brands, Inc. Condensed Consolidating Balance Sheet July 29, 2017 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 13,482 $ 1,924 $ 97,335 $ — $ 112,741 Accounts receivable, net 7,380 18,103 430,884 102,613 (487,080) 71,900 Inventories — 186,831 403,875 354,077 — 944,783 Other current assets 7,310 204,477 26,431 9,346 (192,132) 55,432 Total current assets 14,690 422,893 863,114 563,371 (679,212) 1,184,856 Property and equipment, net — 218,122 204,641 36,767 — 459,530 Rental product, net — 116,525 4,894 17,978 — 139,397 Goodwill — 6,160 68,510 45,210 — 119,880 Intangible assets, net — 24 156,307 13,782 — 170,113 Investments in subsidiaries (16,512) 1,436,555 — — (1,420,043) — Other assets — 4,790 897 6,861 (6,600) 5,948 Total assets $ $ 2,205,069 $ 1,298,363 $ 683,969 $ $ 2,079,724 LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY CURRENT LIABILITIES: Accounts payable $ 26,528 $ 480,565 $ 60,420 $ 59,723 $ (487,080) $ 140,156 Accrued expenses and other current liabilities 17,967 119,314 113,058 217,443 (184,856) 282,926 Current portion of long-term debt — 8,750 — — — 8,750 Total current liabilities 44,495 608,629 173,478 277,166 (671,936) 431,832 Long-term debt, net — 1,532,255 — — — 1,532,255 Deferred taxes, net and other liabilities 359 80,697 84,509 10,624 (13,876) 162,313 Shareholders' (deficit) equity (46,676) (16,512) 1,040,376 396,179 (1,420,043) (46,676) Total liabilities and shareholders' (deficit) equity $ $ 2,205,069 $ 1,298,363 $ 683,969 $ $ 2,079,724 Tailored Brands, Inc. Condensed Consolidating Balance Sheet February 3, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 51,818 $ 2,180 $ 49,609 $ — $ 103,607 Accounts receivable, net — 23,712 368,328 58,573 (370,830) 79,783 Inventories — 207,504 445,126 199,301 — 851,931 Other current assets 3,666 26,951 38,217 9,418 — 78,252 Total current assets 3,666 309,985 853,851 316,901 (370,830) 1,113,573 Property and equipment, net — 203,204 220,979 36,491 — 460,674 Rental product, net — 103,664 3,658 16,408 — 123,730 Goodwill — 6,160 67,010 47,122 — 120,292 Intangible assets, net — — 155,438 13,549 — 168,987 Investments in subsidiaries 128,458 1,424,647 — — (1,553,105) — Other assets — 11,183 805 81,846 (81,135) 12,699 Total assets $ 132,124 $ $ $ $ $ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 110,326 $ 281,838 $ 57,756 $ 66,016 $ (370,830) $ 145,106 Accrued expenses and other current liabilities 14,061 87,597 155,813 34,187 — 291,658 Current portion of long-term debt — 7,000 — — — 7,000 Total current liabilities 124,387 376,435 213,569 100,203 (370,830) 443,764 Long-term debt, net — 1,389,808 — — — 1,389,808 Deferred taxes, net and other liabilities 5,545 164,142 46,641 28,998 (81,135) 164,191 Shareholders' equity 2,192 128,458 1,041,531 383,116 (1,553,105) 2,192 Total liabilities and shareholders' equity $ 132,124 $ $ $ $ $
Condensed Consolidating Statement of Earnings (Loss)	Tailored Brands, Inc. Condensed Consolidating Statement of Earnings (Loss) (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Three Months Ended August 4, 2018 Net sales $ — $ 443,685 $ 386,319 164,525 $ (171,099) $ 823,430 Cost of sales — 220,210 288,057 117,360 (171,099) 454,528 Gross margin — 223,475 98,262 47,165 — 368,902 Operating expenses 1,083 132,573 132,681 29,064 (14,485) 280,916 Operating (loss) income (1,083) 90,902 (34,419) 18,101 14,485 87,986 Other income and expenses, net — — 14,485 — (14,485) — Interest expense, net (923) (22,458) 2,131 508 — (20,742) Loss on extinguishment of debt, net — (8,122) — — — (8,122) (Loss) earnings before income taxes (2,006) 60,322 (17,803) 18,609 — 59,122 (Benefit) provision for income taxes (461) 9,505 (2,557) 3,397 — 9,884 (Loss) earnings before equity in net income of subsidiaries (1,545) 50,817 (15,246) 15,212 — 49,238 Equity in earnings (loss) of subsidiaries 50,783 (34) — — (50,749) — Net earnings (loss) $ 49,238 $ 50,783 $ (15,246) $ 15,212 $ (50,749) $ 49,238 Comprehensive income (loss) $ 42,583 $ 50,681 $ (15,246) $ 8,659 $ (44,094) $ 42,583 Three Months Ended July 29, 2017 Net sales $ — $ 457,870 $ 369,476 $ 135,125 $ (111,713) $ 850,758 Cost of sales — 208,789 265,051 91,935 (111,713) 454,062 Gross margin — 249,081 104,425 43,190 — 396,696 Operating expenses 779 134,389 138,023 28,904 (13,864) 288,231 Operating (loss) income (779) 114,692 (33,598) 14,286 13,864 108,465 Other income and expenses, net — — 14,138 (274) (13,864) — Interest expense, net 242 (25,329) 1,703 (1,685) — (25,069) Gain on extinguishment of debt, net — 3,281 — — — 3,281 (Loss) earnings before income taxes (537) 92,644 (17,757) 12,327 — 86,677 (Benefit) provision for income taxes (167) 30,215 (6,205) 4,363 — 28,206 (Loss) earnings before equity in net income of subsidiaries (370) 62,429 (11,552) 7,964 — 58,471 Equity in earnings (loss) of subsidiaries 58,841 (3,588) — — (55,253) — Net earnings (loss) $ 58,471 $ 58,841 $ (11,552) $ 7,964 $ (55,253) $ 58,471 Comprehensive income (loss) $ 72,498 $ 58,544 $ (11,552) $ 22,288 $ (69,280) $ 72,498 Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Six Months Ended August 4, 2018 Net sales $ — $ 889,932 $ 767,740 $ 292,192 $ (308,470) $ 1,641,394 Cost of sales — 445,183 579,000 211,555 (308,470) 927,268 Gross margin — 444,749 188,740 80,637 — 714,126 Operating expenses 1,965 269,846 271,076 57,507 (27,151) 573,243 Operating (loss) income (1,965) 174,903 (82,336) 23,130 27,151 140,883 Other income and expenses, net — — 27,151 — (27,151) — Interest expense, net (1,687) (46,124) 4,145 1,028 — (42,638) Loss on extinguishment of debt, net — (20,833) — — — (20,833) (Loss) earnings before income taxes (3,652) 107,946 (51,040) 24,158 — 77,412 (Benefit) provision for income taxes (1,119) 20,578 (10,568) 5,374 — 14,265 (Loss) earnings before equity in net income of subsidiaries (2,533) 87,368 (40,472) 18,784 — 63,147 Equity in earnings (loss) of subsidiaries 65,680 (21,688) — — (43,992) — Net earnings (loss) $ 63,147 $ 65,680 $ (40,472) $ 18,784 $ (43,992) $ 63,147 Comprehensive income (loss) $ 45,149 $ 66,772 $ (40,472) $ (306) $ (25,994) $ 45,149 Six Months Ended July 29, 2017 Net sales $ — $ 876,795 $ 741,740 $ 270,383 $ (255,254) $ 1,633,664 Cost of sales — 421,288 543,682 194,812 (255,254) 904,528 Gross margin — 455,507 198,058 75,571 — 729,136 Operating expenses 1,682 290,172 271,555 54,856 (28,596) 589,669 Operating (loss) income (1,682) 165,335 (73,497) 20,715 28,596 139,467 Other income and expenses, net — — 28,870 (274) (28,596) — Interest expense, net 352 (51,221) 3,261 (3,015) — (50,623) Gain on extinguishment of debt, net — 3,996 — — — 3,996 (Loss) earnings before income taxes (1,330) 118,110 (41,366) 17,426 — 92,840 Provision (benefit) for income taxes 1,778 38,684 (13,957) 6,025 — 32,530 (Loss) earnings before equity in net income of subsidiaries (3,108) 79,426 (27,409) 11,401 — 60,310 Equity in earnings (loss) of subsidiaries 63,418 (16,008) — — (47,410) — Net earnings (loss) $ 60,310 $ 63,418 $ (27,409) $ 11,401 $ (47,410) $ 60,310 Comprehensive income (loss) $ 72,212 $ 61,464 $ (27,409) $ 25,257 $ (59,312) $ 72,212
Condensed Consolidating Statement of Cash Flows	Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended August 4, 2018 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 21,132 $ 320,774 $ (2,235) $ (122,936) $ (18,744) $ 197,991 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — (6,058) (15,485) (3,102) — (24,645) Proceeds from divestiture of business — — 17,755 — — 17,755 Intercompany activities — (142,775) — — 142,775 — Net cash (used in) provided by investing activities — (148,833) 2,270 (3,102) 142,775 (6,890) CASH FLOWS FROM FINANCING ACTIVITIES: Payments on original term loan — (993,420) — — — (993,420) Proceeds from new term loan — 895,500 — — — 895,500 Payments on new term loan — (4,500) — — — (4,500) Proceeds from asset-based revolving credit facility — 199,500 — — — 199,500 Payments on asset-based revolving credit facility — (95,000) — — — (95,000) Repurchase and retirement of senior notes — (199,365) — — — (199,365) Deferred financing costs — (5,644) — — — (5,644) Intercompany activities — (18,744) — 142,775 (124,031) — Cash dividends paid (18,744) — — — — (18,744) Proceeds from issuance of common stock 4,113 — — — — 4,113 Tax payments related to vested deferred stock units (6,501) — — — — (6,501) Net cash (used in) provided by financing activities (21,132) (221,673) — 142,775 (124,031) (224,061) Effect of exchange rate changes — — — (2,432) — (2,432) (Decrease) increase in cash and cash equivalents — (49,732) 35 14,305 — (35,392) Cash and cash equivalents at beginning of period — 51,818 2,180 49,609 — 103,607 Cash and cash equivalents at end of period $ — $ 2,086 $ 2,215 $ 63,914 $ — $ 68,215 Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended July 29, 2017 (in thousands) Tailored The Men’s Guarantor Non-Guarantor Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 18,750 $ 288,017 $ 17,196 $ (165,401) $ (18,033) $ 140,529 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — (11,384) (19,310) (3,279) — (33,973) Acquisition of business, net of cash — — — (457) — (457) Intercompany activities — (192,824) — — 192,824 — Proceeds from sale of property and equipment — — 2,157 — — 2,157 Net cash used in investing activities — (204,208) (17,153) (3,736) 192,824 (32,273) CASH FLOWS FROM FINANCING ACTIVITIES: Payments on original term loan — (8,129) — — — (8,129) Proceeds from asset-based revolving credit facility — 181,550 — — — 181,550 Payments on asset-based revolving credit facility — (181,550) — — — (181,550) Repurchase and retirement of senior notes — (45,167) — — — (45,167) Intercompany activities — (18,033) — 192,824 (174,791) — Cash dividends paid (18,033) — — — — (18,033) Proceeds from issuance of common stock 927 — — — — 927 Tax payments related to vested deferred stock units (1,644) — — — — (1,644) Net cash (used in) provided by financing activities (18,750) (71,329) — 192,824 (174,791) (72,046) Effect of exchange rate changes — — — 5,642 — 5,642 Increase in cash and cash equivalents — 12,480 43 29,329 — 41,852 Cash and cash equivalents at beginning of period — 1,002 1,881 68,006 — 70,889 Cash and cash equivalents at end of period $ — $ 13,482 $ 1,924 $ 97,335 $ — $ 112,741

Divestiture of MW Cleaners (Det

Divestiture of MW Cleaners (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	May 05, 2018	Aug. 04, 2018	Feb. 28, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of business			$ 17,755
Disposed of by sale | MW Cleaners business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration				$ 18,000
Retail Segment | Disposed of by sale | MW Cleaners business | Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on divestiture	$ (200)	$ (3,600)	$ (3,800)

Termination of Tuxedo Rental 38

Termination of Tuxedo Rental License Agreement with Macy's (Details) $ in Millions	3 Months Ended
	Apr. 29, 2017USD ($)
Retail Segment
Termination-related costs	$ 17.2
Termination related costs, cash charges	14.6
Contract termination	12.3
Rental product write-offs	1.4
Asset impairment charges	1.2
Other costs	2.3
Selling, general and administrative expenses
Termination-related costs	15.8
Cost of sales
Termination-related costs	$ 1.4

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Numerator
Net earnings	$ 49,238	$ 58,471	$ 63,147	$ 60,310
Denominator
Basic weighted-average common shares outstanding (in shares)	49,840	49,107	49,649	48,958
Dilutive effect of share-based awards (in shares)	1,011	65	1,136	204
Diluted weighted-average common shares outstanding (in shares)	50,851	49,172	50,785	49,162
Net earnings per common share allocated to common shareholders:
Basic (in dollars per share)	$ 0.99	$ 1.19	$ 1.27	$ 1.23
Diluted (in dollars per share)	$ 0.97	$ 1.19	$ 1.24	$ 1.23

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Share-based awards
Antidilutive Securities Excluded from Computation of (Loss) Earnings Per Share
Anti-dilutive shares of common stock excluded from the calculation of diluted earnings (loss) per common share (in shares)	0.7	2.5	0.5	2

Debt - Summary, Narrative (Deta

Debt - Summary, Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Aug. 04, 2018	Feb. 03, 2018	Apr. 30, 2018	Oct. 28, 2017	Jul. 29, 2017	Jun. 18, 2014
Debt
Maximum quarterly dividends on common stock per debt covenants	$ 15	$ 10
Senior Notes
Debt
Aggregate principal amount of debt issued	$ 600					$ 600
Interest rate (as a percent)						7.00%
2014 Credit Facilities | Original Term Loan
Debt
Aggregate principal amount of debt issued			$ 900			$ 1,100
Unamortized OID		$ 3			$ 3.6	11
2014 Credit Facilities | ABL Facility
Debt
Credit facility				$ 550		$ 500

Debt - Credit Facilities, Narra

Debt - Credit Facilities, Narrative(Details) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2018USD ($)	Oct. 28, 2017USD ($)	Aug. 04, 2018USD ($)	Jul. 29, 2017USD ($)	Aug. 04, 2018USD ($)agreement	Jul. 29, 2017USD ($)	Feb. 03, 2018USD ($)	Jun. 18, 2014USD ($)
Debt
Number of interest rate swap agreements | agreement					2
(Loss) gain on extinguishment of debt			$ (8,122)	$ 3,281	$ (20,833)	$ 3,996
2014 Credit Facilities | LIBOR
Debt
Floor rate (as a percent)					1.00%
2014 Credit Facilities | Original Term Loan
Debt
Aggregate principal amount of debt issued	$ 900,000							$ 1,100,000
Fixed rate on refinanced amount (as a percent)	5.00%
Prepayment	$ 93,400
Unamortized OID				$ 3,600		$ 3,600	$ 3,000	11,000
2014 Credit Facilities | Original Term Loan | LIBOR
Debt
Aggregate principal amount of debt issued	$ 593,400
Margin added to Base rate (as a percent)	3.50%
Floor rate (as a percent)	1.00%
2014 Credit Facilities | New Term Loan
Debt
Floor rate (as a percent)					2.00%
2014 Credit Facilities | New Term Loan | LIBOR
Debt
Period for variable rate basis					1 month
2014 Credit Facilities | ABL Facility
Debt
Credit facility		$ 550,000						$ 500,000
2014 Credit Facilities | ABL Facility | LIBOR
Debt
Margin added to Base rate (as a percent)		1.00%
Fixed Rate Interest Rate | Original Term Loan
Debt
Aggregate principal amount of debt issued	$ 400,000
2018 Credit Facilities | New Term Loan
Debt
Aggregate principal amount of debt issued	900,000
Margin added to Base rate (as a percent)					2.50%
Uncommitted borrowings			$ 250,000		$ 250,000
Secured leverage ratio			2.5		2.5
Total variable interest rate (as a percent)			5.58%		5.58%
Amortized percentage			1.00%		1.00%
Deferred financing costs			$ 5,600		$ 5,600
Weighted average interest rate (as a percent)			5.90%		5.90%
(Loss) gain on extinguishment of debt					$ (11,900)
Unamortized OID	$ 4,500		$ 4,300		$ 4,300
2018 Credit Facilities | New Term Loan | LIBOR
Debt
Margin added to Base rate (as a percent)					3.50%
Actual LIBOR rate (as a percent)			2.08%		2.08%
2018 Credit Facilities | New Term Loan | Interest rate swap
Debt
Notional amount of interest rate swap			$ 715,000		$ 715,000
Percentage of variable interest rate converted to a fixed rate					80.00%
ABL Credit Facility | ABL Facility
Debt
Weighted average interest rate (as a percent)			3.80%		3.80%
Credit facility		$ 550,000
Total credit facility with expansion feature		$ 650,000
Fees on unused commitments (as a percent)		0.25%
Letters of credit issued and outstanding			$ 33,900		$ 33,900
Borrowings available under credit facility			$ 332,100		332,100
ABL Credit Facility | ABL Facility | LIBOR
Debt
Period for variable rate basis		1 month
ABL Credit Facility | ABL Facility | Federal funds rate
Debt
Margin added to Base rate (as a percent)		0.50%
ABL Credit Facility | ABL Facility | Minimum
Debt
Fees on amounts available to be drawn (as a percent)		1.25%
ABL Credit Facility | ABL Facility | Maximum
Debt
Varying interest rate margin (as a percent)		1.75%
Fees on amounts available to be drawn (as a percent)		1.75%
Maximum borrowing outstanding under the ABL Facility during the period					$ 104,500

Debt - Long Term Debt, Narrativ

Debt - Long Term Debt, Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Debt
(Loss) gain on extinguishment of debt	$ (8,122)	$ 3,281	$ (20,833)	$ 3,996
Senior Notes
Debt
Debt Instrument, Redemption, Value	$ 175,000		$ 175,000
Redemption price (in dollars per $1000)	$ 1,035		$ 1,035
Repurchased and retired			$ 17,600
(Loss) gain on extinguishment of debt	$ (8,100)		(8,900)
Loss upon repurchase	(6,100)		(6,700)
Unamortized deferred financing costs	$ (2,000)		$ (2,200)

Debt - Components (Details)

Debt - Components (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Apr. 30, 2018	Feb. 03, 2018	Jul. 29, 2017	Jun. 18, 2014
Debt
Total long-term debt, net	$ 1,216,377		$ 1,396,808	$ 1,541,005
Current portion of long-term debt	(9,000)		(7,000)	(8,750)
Total long-term debt, net of current portion	1,207,377		1,389,808	1,532,255
Senior Notes
Debt
Long-term debt	228,607		421,209	525,000
ABL Facility
Debt
Long-term debt	104,500
Term Loan and Senior Notes
Debt
Less: Deferred financing costs	(7,940)		(14,866)	(19,025)
Total long-term debt, net	1,111,877		1,396,808	1,541,005
2014 Credit Facilities | Original Term Loan
Debt
Unamortized OID			3,000	3,600	$ 11,000
Long-term debt			$ 990,465	$ 1,035,030
2018 Credit Facilities | New Term Loan
Debt
Unamortized OID	4,300	$ 4,500
Long-term debt	891,210
Less: Deferred financing costs	$ (5,600)

Revenue Recognition - Adoption

Revenue Recognition - Adoption of ASC 606 (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Assets
Accounts receivable, net	$ 65,099	$ 79,783	$ 71,900
Inventories	786,510	851,931	944,783
Other current assets	87,491	78,252	55,432
Liabilities
Accrued expenses and other current liabilities	313,319	285,537	276,616
Deferred taxes, net and other liabilities	146,484	164,191	162,313
Equity
Accumulated deficit	(470,377)	(479,166)	$ (497,160)
ASU 2014-09
Assets
Accounts receivable, net		79,480
Inventories		834,094
Other current assets		81,005
Liabilities
Accrued expenses and other current liabilities		317,915
Deferred taxes, net and other liabilities		152,250
Equity
Accumulated deficit		(514,990)
Impact of Adoption of ASU 606 | ASU 2014-09
Assets
Accounts receivable, net	2,879	(303)
Inventories	12,748	(17,837)
Other current assets	(2,587)	2,753
Liabilities
Accrued expenses and other current liabilities	(50,608)	32,378
Deferred taxes, net and other liabilities	(11,967)	(11,941)
Equity
Accumulated deficit	35,535	$ (35,824)
Amounts Under Legacy GAAP | ASU 2014-09
Assets
Accounts receivable, net	67,978
Inventories	799,258
Other current assets	84,904
Liabilities
Accrued expenses and other current liabilities	262,711
Deferred taxes, net and other liabilities	134,517
Equity
Accumulated deficit	$ (434,842)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Disaggregation of Revenue [Line Items]
Total net sales	$ 823,430	$ 850,758	$ 1,641,394	$ 1,633,664
Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	767,914	792,998	1,522,757	1,518,303
Corporate Apparel Segment
Disaggregation of Revenue [Line Items]
Total net sales	55,516	57,760	118,637	115,361
Rental services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	125,095	151,978	225,322	246,798
Retail clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	605,788	594,994	1,219,432	1,178,579
Men's tailored clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	356,504	341,182	712,241	673,812
Men's non-tailored clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	229,105	234,093	464,711	462,792
Women's clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	17,447	18,100	37,029	37,927
Other | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	2,732	1,619	5,451	4,048
Total alteration and other services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	37,031	46,026	78,003	92,926
Alteration services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	$ 37,031	37,227	75,452	75,613
Retail dry cleaning services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales		$ 8,799	$ 2,551	$ 17,313

Revenue Recognition - Other Var

Revenue Recognition - Other Various Policies (Details)	6 Months Ended
	Aug. 04, 2018USD ($)item
Loyalty Program
Points equivalency to dollars spent ratio	1
Loyalty point threshold | item	500
Amount of rewards certificates	$ 50
Period after which reward certificates earned must be redeemed	6 months
Sales Returns
Refund liability current	$ 5,900,000
Right to recover	$ 2,600,000

Revenue Recognition - Contract

Revenue Recognition - Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 04, 2018	Aug. 04, 2018
Revenue Recognition
Balance at February 3, 2018		$ 141,552
Increase (Decrease)		21,858
Balance at August 4, 2018	$ 163,410	163,410
Revenue recognized included in contract liability balance	$ 62,400	$ 104,100

Revenue Recognition - Practical

Revenue Recognition - Practical Expedients (Details)	6 Months Ended
	Aug. 04, 2018
Revenue Recognition
Revenue, Practical Expedient, Remaining Performance Obligation [true/false]	true

Revenue Recognition - Impact on

Revenue Recognition - Impact on Fiscal 2018 Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Net sales:
Clothing product	$ 823,430	$ 850,758	$ 1,641,394	$ 1,633,664
Costs and Expenses
Cost of sales	454,528	454,062	927,268	904,528
Selling, general and administrative expenses	242,255	248,343	493,349	507,529
Provision for income taxes	9,884	28,206	14,265	32,530
Net earnings	$ 49,238	$ 58,471	$ 63,147	$ 60,310
Diluted earnings per common share	$ 0.97	$ 1.19	$ 1.24	$ 1.23
Assets
Accounts receivable, net	$ 65,099	$ 71,900	$ 65,099	$ 71,900	$ 79,783
Inventories	786,510	944,783	786,510	944,783	851,931
Other current assets	87,491	55,432	87,491	55,432	78,252
Liabilities
Accrued expenses and other current liabilities	313,319	276,616	313,319	276,616	285,537
Deferred taxes, net and other liabilities	146,484	162,313	146,484	162,313	164,191
Equity
Accumulated deficit	(470,377)	(497,160)	(470,377)	(497,160)	(479,166)
Retail Segment
Net sales:
Clothing product	767,914	792,998	1,522,757	1,518,303
Costs and Expenses
Cost of sales	413,912	410,989	839,986	819,597
Retail Segment | Retail clothing product
Net sales:
Clothing product	605,788	594,994	1,219,432	1,178,579
Costs and Expenses
Cost of sales	259,025	248,630	535,245	501,509
Corporate Apparel Segment
Net sales:
Clothing product	55,516	57,760	118,637	115,361
Costs and Expenses
Cost of sales	40,616	$ 43,073	87,282	$ 84,931
ASU 2014-09
Assets
Accounts receivable, net					79,480
Inventories					834,094
Other current assets					81,005
Liabilities
Accrued expenses and other current liabilities					317,915
Deferred taxes, net and other liabilities					152,250
Equity
Accumulated deficit					(514,990)
ASU 2014-09 | Amounts Under Legacy GAAP
Costs and Expenses
Selling, general and administrative expenses	241,847		492,604
Provision for income taxes	9,172		14,200
Net earnings	$ 45,694		$ 62,858
Diluted earnings per common share	$ 0.90		$ 1.24
Assets
Accounts receivable, net	$ 67,978		$ 67,978
Inventories	799,258		799,258
Other current assets	84,904		84,904
Liabilities
Accrued expenses and other current liabilities	262,711		262,711
Deferred taxes, net and other liabilities	134,517		134,517
Equity
Accumulated deficit	(434,842)		(434,842)
ASU 2014-09 | Impact of Adoption of ASU 606
Costs and Expenses
Selling, general and administrative expenses	(408)		(745)
Provision for income taxes	(712)		(65)
Net earnings	$ (3,544)		(289)
Diluted earnings per common share	$ (0.07)
Assets
Accounts receivable, net	$ 2,879		2,879		(303)
Inventories	12,748		12,748		(17,837)
Other current assets	(2,587)		(2,587)		2,753
Liabilities
Accrued expenses and other current liabilities	(50,608)		(50,608)		32,378
Deferred taxes, net and other liabilities	(11,967)		(11,967)		(11,941)
Equity
Accumulated deficit	35,535		35,535		$ (35,824)
ASU 2014-09 | Retail Segment | Amounts Under Legacy GAAP
Net sales:
Clothing product	762,538		1,520,626
Costs and Expenses
Cost of sales	413,640		839,966
ASU 2014-09 | Retail Segment | Impact of Adoption of ASU 606
Net sales:
Clothing product	(5,376)		(2,131)
Costs and Expenses
Cost of sales	(272)		(20)
ASU 2014-09 | Corporate Apparel Segment | Amounts Under Legacy GAAP
Net sales:
Clothing product	57,394		123,896
Costs and Expenses
Cost of sales	42,054		91,529
ASU 2014-09 | Corporate Apparel Segment | Impact of Adoption of ASU 606
Net sales:
Clothing product	1,878		5,259
Costs and Expenses
Cost of sales	$ 1,438		$ 4,247

Supplemental Cash Flows (Detail

Supplemental Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
Supplemental Cash Flows
Cash paid for interest	$ 41,481	$ 51,052
Cash paid for income taxes, net	15,664	14,591
Unpaid capital expenditure purchases
Unpaid capital expenditure purchases	$ 6,300	$ 6,900

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Inventories
Finished goods	$ 675,405	$ 739,668	$ 841,101
Raw materials and merchandise components	111,105	112,263	103,682
Total inventories	$ 786,510	$ 851,931	$ 944,783

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		7 Months Ended	11 Months Ended	12 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Dec. 31, 2017	Jan. 28, 2017	Feb. 03, 2018
Income Taxes
Federal statutory rate (as a percent)					21.00%	35.00%
Provisional discrete net tax benefit							$ (0.3)
Incremental withholding liabilities on investment in foreign subsidiaries								$ (17.3)
Effective income tax rate (as a percent)	16.70%	32.50%	18.40%	35.00%
Accounting Standards Update 2016-09 | Measurement period adjustments
Income Taxes
State valuation allowance	$ 3.1		$ 3.1
Tax deficiencies related vesting of stock-based awards				$ 2.2

Other Current Assets, Accrued54

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Other current assets
Prepaid expenses	$ 57,197	$ 47,545	$ 45,718
Tax receivable	17,401	20,368	2,428
Other	12,893	10,339	7,286
Total other current assets	87,491	78,252	55,432
Accrued expenses and other current liabilities
Accrued salary, bonus, sabbatical, vacation and other benefits	69,839	84,767	61,431
Customer deposits, prepayments and refunds payable	66,261	59,633	54,043
Loyalty program liabilities	63,295	9,106	9,226
Unredeemed gift cards	28,152	39,609	36,245
Accrued workers compensation and medical costs	26,146	25,244	27,009
Sales, value added, payroll, property and other taxes payable	24,197	29,409	33,472
Accrued dividends	10,918	11,128	10,456
Accrued interest	2,379	3,281	12,477
Accrued royalties	1,398	5,032	4,515
Lease termination and other store closure costs	132	427	3,135
Other	20,602	17,901	24,607
Total accrued expenses and other current liabilities	313,319	285,537	276,616
Deferred taxes and other liabilities
Deferred and other income tax liabilities, net	80,413	95,314	90,957
Deferred rent and landlord incentives	58,801	60,136	60,467
Unfavorable lease liabilities	2,357	2,910	3,760
Other	4,913	5,831	7,129
Total deferred taxes, net and other liabilities	$ 146,484	$ 164,191	$ 162,313

Accumulated Other Comprehensi55

Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	$ 2,192
Balance at the end of the period	11	$ (46,676)
Accumulated Other Comprehensive (Loss) Income
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	(10,782)	(40,083)
Other comprehensive (loss) income before reclassifications	(19,337)	10,632
Amounts reclassified from accumulated other comprehensive loss	1,339	1,270
Net current-period other comprehensive (loss) income	(17,998)	11,902
Balance at the end of the period	(28,780)	(28,181)
Foreign Currency Translation
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	(11,116)	(40,205)
Other comprehensive (loss) income before reclassifications	(21,967)	16,114
Net current-period other comprehensive (loss) income	(21,967)	16,114
Balance at the end of the period	(33,083)	(24,091)
Cash Flow Hedges
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	145	(82)
Other comprehensive (loss) income before reclassifications	2,630	(5,482)
Amounts reclassified from accumulated other comprehensive loss	1,339	1,270
Net current-period other comprehensive (loss) income	3,969	(4,212)
Balance at the end of the period	4,114	(4,294)
Pension Plan
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	189	204
Balance at the end of the period	$ 189	$ 204

Share-Based Compensation Plan56

Share-Based Compensation Plans - Deferred Stock Units, Performance Units and Restricted Stock (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)$ / sharesshares
Deferred stock units
Additional information
Shares relinquished for tax withholding	224,497
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards | $	$ 28.6
Compensation recognition period, non-vested awards	1 year 9 months 18 days
Time-Based DSUs
Awards
Non-Vested at the beginning of the period (in shares)	1,014,689
Granted (in shares)	485,715
Vested (in shares)	(497,676)
Forfeited (in shares)	(61,799)
Non-Vested at the end of the period (in shares)	940,929
Weighted-Average Grant-Date Fair Value
Non-Vested at the beginning of the period (in dollars per share) | $ / shares	$ 18.13
Granted (in dollars per share) | $ / shares	28.42
Vested (in dollars per share) | $ / shares	21.14
Forfeited (in dollars per share) | $ / shares	19.04
Non-Vested at the end of the period (in dollars per share) | $ / shares	$ 21.79
Performance-Based DSUs
Awards
Non-Vested at the beginning of the period (in shares)	993,631
Granted (in shares)	242,509
Vested (in shares)	(131,074)
Forfeited (in shares)	(90,604)
Non-Vested at the end of the period (in shares)	1,014,462
Weighted-Average Grant-Date Fair Value
Non-Vested at the beginning of the period (in dollars per share) | $ / shares	$ 19.55
Granted (in dollars per share) | $ / shares	28.54
Vested (in dollars per share) | $ / shares	23.45
Forfeited (in dollars per share) | $ / shares	47.46
Non-Vested at the end of the period (in dollars per share) | $ / shares	$ 18.70

Share-Based Compensation Plan57

Share-Based Compensation Plans - Stock Options (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Aug. 04, 2018USD ($)$ / sharesshares
Additional disclosures
Weighted-average grant date fair value of stock options granted (in dollars per share)	$ 10.31
Stock Options
Number of Shares
Outstanding at the beginning of the period (in shares) | shares	1,527,176
Granted (in shares) | shares	208,769
Exercised (in shares) | shares	(144,583)
Forfeited (in shares) | shares	(44,703)
Expired (in shares) | shares	(8,087)
Outstanding at the end of the period (in shares) | shares	1,538,572
Exercisable at the end of the period (in shares) | shares	801,720
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 21.97
Granted (in dollars per share)	28.53
Exercised (in dollars per share)	22.60
Forfeited (in dollars per share)	14.44
Expired (in dollars per share)	49.18
Outstanding at the end of the period (in dollars per share)	22.87
Exercisable at the end of the period (in dollars per share)	$ 27.78
Assumptions used to value stock options
Risk-free interest rate (as a percent)	2.67%
Expected lives (in years)	5 years
Dividend yield (as a percent)	4.35%
Expected volatility (as a percent)	56.35%
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards | $	$ 3.7
Compensation recognition period, non-vested awards	1 year 6 months

Share-Based Compensation Plan58

Share-Based Compensation Plans - Cash Settled Awards (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Share-based compensation
Allocated Share-based Compensation Expense	$ 5.5	$ 4.2	$ 11.9	$ 9
Cash Settled Awards
Share-based compensation
Vesting period (in years)					3 years
Liability associated with the cash settled awards	$ 3.2		$ 3.2
Awards
Non-Vested at the beginning of the period (in shares)			8,353
Vested (in shares)			(2,613)
Forfeited (in shares)			(304)
Non-Vested at the end of the period (in shares)	5,436		5,436		8,353
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards	$ 3.2		$ 3.2
Compensation recognition period, non-vested awards			1 year 4 months 24 days
Cash Settled Awards | Accrued expenses and other current liabilities
Share-based compensation
Liability associated with the cash settled awards	2.1		$ 2.1
Cash Settled Awards | Other Liabilities
Share-based compensation
Liability associated with the cash settled awards	$ 1.1		$ 1.1

Goodwill and Other Intangible59

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	6 Months Ended
	Aug. 04, 2018USD ($)
Changes in the net carrying amount of goodwill
Balance at the beginning of the period	$ 120,292
Goodwill of divested business	(13,588)
Translation adjustment	(3,018)
Balance at the end of the period	103,686
Retail Segment
Changes in the net carrying amount of goodwill
Balance at the beginning of the period	94,305
Goodwill of divested business	(13,588)
Translation adjustment	(1,042)
Balance at the end of the period	79,675
Corporate Apparel Segment
Changes in the net carrying amount of goodwill
Balance at the beginning of the period	25,987
Translation adjustment	(1,976)
Balance at the end of the period	$ 24,011

Goodwill and Other Intangible60

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Amortizable intangible assets:
Carrying amount	$ 55,346	$ 58,215	$ 56,181
Accumulated amortization	(33,706)	(33,560)	(30,317)
Total amortizable intangible assets, net	21,640	24,655	25,864
Indefinite-lived intangible assets:
Trademarks and tradename	144,241	144,332	144,249
Total intangible assets, net	165,881	168,987	170,113
Trademarks, tradenames and franchise agreements
Amortizable intangible assets:
Carrying amount	16,055	16,273	16,076
Accumulated amortization	(10,634)	(10,558)	(10,302)
Favorable lease impairment charge
Amortizable intangible assets:
Carrying amount	12,876	13,229	13,475
Accumulated amortization	(5,420)	(5,010)	(4,481)
Customer relationship impairment charge
Amortizable intangible assets:
Carrying amount	26,415	28,713	26,630
Accumulated amortization	$ (17,652)	$ (17,992)	$ (15,534)

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Intangible asset amortization expense
Pre-tax amortization expense associated with intangible assets	$ 1	$ 1	$ 2	$ 2.1
Pre-tax amortization expense estimated for the remainder of fiscal year 2018	1.9		1.9
Pre-tax amortization expense estimated for fiscal year 2019	3.7		3.7
Pre-tax amortization expense estimated for fiscal year 2020	3.6		3.6
Pre-tax amortization expense estimated for fiscal year 2021	3.5		3.5
Pre-tax amortization expense estimated for fiscal year 2022	$ 2.2		$ 2.2

Fair Value Measurements - Recur

Fair Value Measurements - Recurring and Non-Recurring (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Feb. 03, 2018
Liabilities:
Asset impairment charges	$ 269	$ 2,867
Selling, general and administrative expenses
Liabilities:
Asset impairment charges	300	2,900
Cost of sales
Liabilities:
Asset impairment charges	4,000
Recurring
Assets:
Derivative financial instruments	8,240	3	$ 4,019
Liabilities:
Derivative financial instruments	1,932	6,170	2,307
Recurring | Level 2
Assets:
Derivative financial instruments	8,240	3	4,019
Liabilities:
Derivative financial instruments	$ 1,932	$ 6,170	$ 2,307

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017
Fair Value of Financial Instruments
Long-term debt, including current portion	$ 1,216,377	$ 1,396,808	$ 1,541,005
Deferred financing costs	7,900	14,900	19,000
Term Loan and Senior Notes
Fair Value of Financial Instruments
Long-term debt, including current portion	1,111,877	1,396,808	1,541,005
Term Loan and Senior Notes | Level 1 and Level 2
Fair Value of Financial Instruments
Term Loan and Senior Notes, Estimated Fair Value	$ 1,133,454	$ 1,407,449	$ 1,465,502

Derivative Financial Instrume64

Derivative Financial Instruments (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 04, 2018	Jun. 30, 2018	Apr. 30, 2017
Interest rate swap | Designated as hedging instruments
Derivative Financial Instruments
Fair value of the interest rate swaps	$ 5.2
Hedge ineffectiveness	0
Effective portion of the loss expected to be reclassified from accumulated other comprehensive (loss) income into earnings over the next 12 months	(0.2)
Interest rate swap | Designated as hedging instruments | Other current assets
Derivative Financial Instruments
Derivative asset	1.5
Interest rate swap | Designated as hedging instruments | Accrued expenses and other current liabilities
Derivative Financial Instruments
Derivative asset	1.7
Interest rate swap | Designated as hedging instruments | Other assets
Derivative Financial Instruments
Derivative asset	5.4
Interest rate swap matures in June 2021 | Designated as hedging instruments
Derivative Financial Instruments
Notional amount	$ 370		$ 260
Fixed rate payable (as a percent)	5.56%
Applicable margin included in fixed rate (as a percent)	3.50%
Interest rate swap matures in June 2021 | Designated as hedging instruments | LIBOR
Derivative Financial Instruments
Period for interest rate basis for variable rate receivable	1 month
Interest rate swap matures in April 2025 | Designated as hedging instruments
Derivative Financial Instruments
Notional amount	$ 345	$ 320
Fixed rate payable (as a percent)	6.43%
Applicable margin included in fixed rate (as a percent)	3.50%
Interest rate swap matures in April 2025 | Designated as hedging instruments | LIBOR
Derivative Financial Instruments
Period for interest rate basis for variable rate receivable	1 month
Foreign exchange forward | Designated as hedging instruments
Derivative Financial Instruments
Derivative asset	$ 1.2
Effective portion of the loss expected to be reclassified from accumulated other comprehensive (loss) income into earnings over the next 12 months	0.8
Foreign exchange forward | Designated as hedging instruments | United Kingdom, Pounds
Derivative Financial Instruments
Notional amount	27.2
Foreign exchange forward | Designated as hedging instruments | Euro Member Countries, Euro
Derivative Financial Instruments
Notional amount	8
Foreign exchange forward | Designated as hedging instruments | Other current assets
Derivative Financial Instruments
Derivative asset	1.3
Foreign exchange forward | Designated as hedging instruments | Accrued expenses and other current liabilities
Derivative Financial Instruments
Derivative asset	0.1
Foreign exchange forward | Not designated as hedging instrument | Canada, Dollars
Derivative Financial Instruments
Notional amount	$ 4.6

Segment Reporting - Number of S

Segment Reporting - Number of Segments (Details)	6 Months Ended
	Aug. 04, 2018segment
Segment reporting
Number of reportable segments	2
Retail Segment
Segment reporting
Number of operating segments	4

Segment Reporting - Sales by Se

Segment Reporting - Sales by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Net sales:
Total net sales	$ 823,430	$ 850,758	$ 1,641,394	$ 1,633,664
Retail Segment
Net sales:
Total net sales	767,914	792,998	1,522,757	1,518,303
Retail Segment | Men's Wearhouse
Net sales:
Total net sales	445,197	458,751	893,006	878,818
Retail Segment | Jos. A. Bank
Net sales:
Total net sales	172,427	174,325	341,503	341,553
Retail Segment | K&G
Net sales:
Total net sales	83,645	85,811	172,925	174,494
Retail Segment | Moores
Net sales:
Total net sales	66,645	65,312	112,772	106,125
Retail Segment | MW Cleaners
Net sales:
Total net sales		8,799	2,551	17,313
Corporate Apparel Segment
Net sales:
Total net sales	$ 55,516	$ 57,760	$ 118,637	$ 115,361

Segment Reporting - Operating I

Segment Reporting - Operating Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income	$ 87,986	$ 108,465	$ 140,883	$ 139,467
Interest income	122	98	207	165
Interest expense	(20,864)	(25,167)	(42,845)	(50,788)
(Loss) gain on extinguishment of debt, net	(8,122)	3,281	(20,833)	3,996
(Loss) earnings before income taxes	59,122	86,677	77,412	92,840
Shared services
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income	(47,325)	(48,859)	(94,732)	(93,257)
Retail Segment | Reportable segments
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income	134,142	155,221	232,863	228,646
Corporate Apparel Segment | Reportable segments
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income	$ 1,169	$ 2,103	$ 2,752	$ 4,078

Condensed Consolidating Infor68

Condensed Consolidating Information - Balance Sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Feb. 03, 2018	Jul. 29, 2017	Jun. 18, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 68,215	$ 103,607	$ 112,741
Accounts receivable, net	65,099	79,783	71,900
Inventories	786,510	851,931	944,783
Other current assets	87,491	78,252	55,432
Total current assets	1,007,315	1,113,573	1,184,856
Property and equipment, net	427,107	460,674	459,530
Rental product, net	111,345	123,730	139,397
Goodwill	103,686	120,292	119,880
Intangible assets, net	165,881	168,987	170,113
Other assets	13,497	12,699	5,948
Total assets	1,828,831	1,999,955	2,079,724
CURRENT LIABILITIES:
Accounts payable	145,981	145,106	140,156
Accrued expenses and other current liabilities	319,978	291,658	282,926
Current portion of long-term debt	9,000	7,000	8,750
Total current liabilities	474,959	443,764	431,832
Long-term debt, net	1,207,377	1,389,808	1,532,255
Deferred taxes, net and other liabilities	146,484	164,191	162,313
Shareholders' (deficit) equity	11	2,192	(46,676)
Total liabilities and shareholders' (deficit) equity	1,828,831	1,999,955	2,079,724
Eliminations
CURRENT ASSETS:
Accounts receivable, net	(333,695)	(370,830)	(487,080)
Other current assets			(192,132)
Total current assets	(333,695)	(370,830)	(679,212)
Investments in subsidiaries	(1,518,751)	(1,553,105)	(1,420,043)
Other assets	(80,535)	(81,135)	(6,600)
Total assets	(1,932,981)	(2,005,070)	(2,105,855)
CURRENT LIABILITIES:
Accounts payable	(333,695)	(370,830)	(487,080)
Accrued expenses and other current liabilities			(184,856)
Total current liabilities	(333,695)	(370,830)	(671,936)
Deferred taxes, net and other liabilities	(80,535)	(81,135)	(13,876)
Shareholders' (deficit) equity	(1,518,751)	(1,553,105)	(1,420,043)
Total liabilities and shareholders' (deficit) equity	(1,932,981)	(2,005,070)	(2,105,855)
Senior Notes
Condensed Consolidating Balance Sheet
Aggregate principal amount of debt issued	600,000			$ 600,000
Interest rate (as a percent)				7.00%
Tailored Brands, Inc. | Reportable Legal Entities
CURRENT ASSETS:
Accounts receivable, net			7,380
Other current assets	3,719	3,666	7,310
Total current assets	3,719	3,666	14,690
Investments in subsidiaries	141,149	128,458	(16,512)
Total assets	144,868	132,124	(1,822)
CURRENT LIABILITIES:
Accounts payable	126,871	110,326	26,528
Accrued expenses and other current liabilities	13,049	14,061	17,967
Total current liabilities	139,920	124,387	44,495
Deferred taxes, net and other liabilities	4,937	5,545	359
Shareholders' (deficit) equity	11	2,192	(46,676)
Total liabilities and shareholders' (deficit) equity	144,868	132,124	(1,822)
The Men's Wearhouse, Inc. | Reportable Legal Entities
CURRENT ASSETS:
Cash and cash equivalents	2,086	51,818	13,482
Accounts receivable, net	25,994	23,712	18,103
Inventories	162,588	207,504	186,831
Other current assets	18,975	26,951	204,477
Total current assets	209,643	309,985	422,893
Property and equipment, net	191,503	203,204	218,122
Rental product, net	91,843	103,664	116,525
Goodwill	6,160	6,160	6,160
Intangible assets, net			24
Investments in subsidiaries	1,377,602	1,424,647	1,436,555
Other assets	12,290	11,183	4,790
Total assets	1,889,041	2,058,843	2,205,069
CURRENT LIABILITIES:
Accounts payable	237,341	281,838	480,565
Accrued expenses and other current liabilities	146,213	87,597	119,314
Current portion of long-term debt	9,000	7,000	8,750
Total current liabilities	392,554	376,435	608,629
Long-term debt, net	1,207,377	1,389,808	1,532,255
Deferred taxes, net and other liabilities	147,961	164,142	80,697
Shareholders' (deficit) equity	141,149	128,458	(16,512)
Total liabilities and shareholders' (deficit) equity	$ 1,889,041	2,058,843	2,205,069
Guarantor Subsidiaries
Condensed Consolidating Balance Sheet
Ownership of Guarantor subsidiaries (as a percent)	100.00%
Guarantor Subsidiaries | Reportable Legal Entities
CURRENT ASSETS:
Cash and cash equivalents	$ 2,215	2,180	1,924
Accounts receivable, net	321,918	368,328	430,884
Inventories	434,499	445,126	403,875
Other current assets	53,284	38,217	26,431
Total current assets	811,916	853,851	863,114
Property and equipment, net	201,939	220,979	204,641
Rental product, net	4,066	3,658	4,894
Goodwill	53,422	67,010	68,510
Intangible assets, net	154,580	155,438	156,307
Other assets	655	805	897
Total assets	1,226,578	1,301,741	1,298,363
CURRENT LIABILITIES:
Accounts payable	53,847	57,756	60,420
Accrued expenses and other current liabilities	124,928	155,813	113,058
Total current liabilities	178,775	213,569	173,478
Deferred taxes, net and other liabilities	47,365	46,641	84,509
Shareholders' (deficit) equity	1,000,438	1,041,531	1,040,376
Total liabilities and shareholders' (deficit) equity	1,226,578	1,301,741	1,298,363
Non-Guarantor Subsidiaries | Reportable Legal Entities
CURRENT ASSETS:
Cash and cash equivalents	63,914	49,609	97,335
Accounts receivable, net	50,882	58,573	102,613
Inventories	189,423	199,301	354,077
Other current assets	11,513	9,418	9,346
Total current assets	315,732	316,901	563,371
Property and equipment, net	33,665	36,491	36,767
Rental product, net	15,436	16,408	17,978
Goodwill	44,104	47,122	45,210
Intangible assets, net	11,301	13,549	13,782
Other assets	81,087	81,846	6,861
Total assets	501,325	512,317	683,969
CURRENT LIABILITIES:
Accounts payable	61,617	66,016	59,723
Accrued expenses and other current liabilities	35,788	34,187	217,443
Total current liabilities	97,405	100,203	277,166
Deferred taxes, net and other liabilities	26,756	28,998	10,624
Shareholders' (deficit) equity	377,164	383,116	396,179
Total liabilities and shareholders' (deficit) equity	$ 501,325	$ 512,317	$ 683,969

Condensed Consolidating Infor69

Condensed Consolidating Information - Earnings (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017	Aug. 04, 2018	Jul. 29, 2017
Condensed Consolidating Statement of Earnings (Loss)
Net sales	$ 823,430	$ 850,758	$ 1,641,394	$ 1,633,664
Cost of sales	454,528	454,062	927,268	904,528
Total gross margin	368,902	396,696	714,126	729,136
Operating expenses	280,916	288,231	573,243	589,669
Operating (loss) income	87,986	108,465	140,883	139,467
Interest expense, net	(20,742)	(25,069)	(42,638)	(50,623)
(Loss) gain on extinguishment of debt	(8,122)	3,281	(20,833)	3,996
(Loss) earnings before income taxes	59,122	86,677	77,412	92,840
Provision (benefit) for income taxes	9,884	28,206	14,265	32,530
(Loss) earnings before equity in net income of subsidiaries	49,238	58,471	63,147	60,310
Net earnings (loss)	49,238	58,471	63,147	60,310
Comprehensive income (loss)	42,583	72,498	45,149	72,212
Eliminations
Condensed Consolidating Statement of Earnings (Loss)
Net sales	(171,099)	(111,713)	(308,470)	(255,254)
Cost of sales	(171,099)	(111,713)	(308,470)	(255,254)
Operating expenses	(14,485)	(13,864)	(27,151)	(28,596)
Operating (loss) income	14,485	13,864	27,151	28,596
Other income and expenses, net	(14,485)	(13,864)	(27,151)	(28,596)
Equity in (loss) earnings of subsidiaries	(50,749)	(55,253)	(43,992)	(47,410)
Net earnings (loss)	(50,749)	(55,253)	(43,992)	(47,410)
Comprehensive income (loss)	(44,094)	(69,280)	(25,994)	(59,312)
Tailored Brands, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Operating expenses	1,083	779	1,965	1,682
Operating (loss) income	(1,083)	(779)	(1,965)	(1,682)
Interest expense, net	(923)	242	(1,687)	352
(Loss) earnings before income taxes	(2,006)	(537)	(3,652)	(1,330)
Provision (benefit) for income taxes	(461)	(167)	(1,119)	1,778
(Loss) earnings before equity in net income of subsidiaries	(1,545)	(370)	(2,533)	(3,108)
Equity in (loss) earnings of subsidiaries	50,783	58,841	65,680	63,418
Net earnings (loss)	49,238	58,471	63,147	60,310
Comprehensive income (loss)	42,583	72,498	45,149	72,212
The Men's Wearhouse, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Net sales	443,685	457,870	889,932	876,795
Cost of sales	220,210	208,789	445,183	421,288
Total gross margin	223,475	249,081	444,749	455,507
Operating expenses	132,573	134,389	269,846	290,172
Operating (loss) income	90,902	114,692	174,903	165,335
Interest expense, net	(22,458)	(25,329)	(46,124)	(51,221)
(Loss) gain on extinguishment of debt	(8,122)	3,281	(20,833)	3,996
(Loss) earnings before income taxes	60,322	92,644	107,946	118,110
Provision (benefit) for income taxes	9,505	30,215	20,578	38,684
(Loss) earnings before equity in net income of subsidiaries	50,817	62,429	87,368	79,426
Equity in (loss) earnings of subsidiaries	(34)	(3,588)	(21,688)	(16,008)
Net earnings (loss)	50,783	58,841	65,680	63,418
Comprehensive income (loss)	50,681	58,544	66,772	61,464
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Net sales	386,319	369,476	767,740	741,740
Cost of sales	288,057	265,051	579,000	543,682
Total gross margin	98,262	104,425	188,740	198,058
Operating expenses	132,681	138,023	271,076	271,555
Operating (loss) income	(34,419)	(33,598)	(82,336)	(73,497)
Other income and expenses, net	14,485	14,138	27,151	28,870
Interest expense, net	2,131	1,703	4,145	3,261
(Loss) earnings before income taxes	(17,803)	(17,757)	(51,040)	(41,366)
Provision (benefit) for income taxes	(2,557)	(6,205)	(10,568)	(13,957)
(Loss) earnings before equity in net income of subsidiaries	(15,246)	(11,552)	(40,472)	(27,409)
Net earnings (loss)	(15,246)	(11,552)	(40,472)	(27,409)
Comprehensive income (loss)	(15,246)	(11,552)	(40,472)	(27,409)
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Net sales	164,525	135,125	292,192	270,383
Cost of sales	117,360	91,935	211,555	194,812
Total gross margin	47,165	43,190	80,637	75,571
Operating expenses	29,064	28,904	57,507	54,856
Operating (loss) income	18,101	14,286	23,130	20,715
Other income and expenses, net		(274)		(274)
Interest expense, net	508	(1,685)	1,028	(3,015)
(Loss) earnings before income taxes	18,609	12,327	24,158	17,426
Provision (benefit) for income taxes	3,397	4,363	5,374	6,025
(Loss) earnings before equity in net income of subsidiaries	15,212	7,964	18,784	11,401
Net earnings (loss)	15,212	7,964	18,784	11,401
Comprehensive income (loss)	$ 8,659	$ 22,288	$ (306)	$ 25,257

Condensed Consolidating Infor70

Condensed Consolidating Information - Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 04, 2018	Jul. 29, 2017
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 197,991	$ 140,529
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(24,645)	(33,973)
Proceeds from divestiture of business	17,755
Acquisition of business, net of cash		(457)
Proceeds from sale of property and equipment		2,157
Net cash provided by (used in) investing activities	(6,890)	(32,273)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan	(993,420)	(8,129)
Proceeds from new term loan	895,500
Payments on new term loan	(4,500)
Proceeds from asset-based revolving credit facility	199,500	181,550
Payments on asset-based revolving credit facility	(95,000)	(181,550)
Repurchase and retirement of senior notes	(199,365)	(45,167)
Deferred financing costs	(5,644)
Cash dividends paid	(18,744)	(18,033)
Proceeds from issuance of common stock	4,113	927
Tax payments related to vested deferred stock units	(6,501)	(1,644)
Net cash (used in) provided by financing activities	(224,061)	(72,046)
Effect of exchange rate changes	(2,432)	5,642
(Decrease) increase in cash and cash equivalents	(35,392)	41,852
Balance at beginning of period	103,607	70,889
Balance at end of period	68,215	112,741
Eliminations
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(18,744)	(18,033)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany activities	142,775	192,824
Net cash provided by (used in) investing activities	142,775	192,824
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany activities	(124,031)	(174,791)
Net cash (used in) provided by financing activities	(124,031)	(174,791)
Tailored Brands, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	21,132	18,750
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(18,744)	(18,033)
Proceeds from issuance of common stock	4,113	927
Tax payments related to vested deferred stock units	(6,501)	(1,644)
Net cash (used in) provided by financing activities	(21,132)	(18,750)
The Men's Wearhouse, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	320,774	288,017
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(6,058)	(11,384)
Intercompany activities	(142,775)	(192,824)
Net cash provided by (used in) investing activities	(148,833)	(204,208)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan	(993,420)	(8,129)
Proceeds from new term loan	895,500
Payments on new term loan	(4,500)
Proceeds from asset-based revolving credit facility	199,500	181,550
Payments on asset-based revolving credit facility	(95,000)	(181,550)
Repurchase and retirement of senior notes	(199,365)	(45,167)
Deferred financing costs	(5,644)
Intercompany activities	(18,744)	(18,033)
Net cash (used in) provided by financing activities	(221,673)	(71,329)
(Decrease) increase in cash and cash equivalents	(49,732)	12,480
Balance at beginning of period	51,818	1,002
Balance at end of period	2,086	13,482
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(2,235)	17,196
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(15,485)	(19,310)
Proceeds from divestiture of business	17,755
Proceeds from sale of property and equipment		2,157
Net cash provided by (used in) investing activities	2,270	(17,153)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Decrease) increase in cash and cash equivalents	35	43
Balance at beginning of period	2,180	1,881
Balance at end of period	2,215	1,924
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(122,936)	(165,401)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(3,102)	(3,279)
Acquisition of business, net of cash		(457)
Net cash provided by (used in) investing activities	(3,102)	(3,736)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany activities	142,775	192,824
Net cash (used in) provided by financing activities	142,775	192,824
Effect of exchange rate changes	(2,432)	5,642
(Decrease) increase in cash and cash equivalents	14,305	29,329
Balance at beginning of period	49,609	68,006
Balance at end of period	$ 63,914	$ 97,335