Tailored Brands (TLRD) 10-Q 12 Sep 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 03, 2019	Aug. 31, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 3, 2019
Entity File Number	1-16097
Entity Registrant Name	TAILORED BRANDS, INC.
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	47-4908760
Entity Address, Address Line One	6380 Rogerdale Road
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77072-1624
City Area Code	281
Local Phone Number	776-7000
Title of 12(b) Security	Common Stock
Trading Symbol	TLRD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,642,547
Current Fiscal Year End Date	--02-01
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000884217
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 19,476	$ 55,431	$ 68,215
Accounts receivable, net	65,176	73,073	65,099
Inventories	846,952	830,426	786,510
Other current assets	63,882	70,712	87,491
Total current assets	995,486	1,029,642	1,007,315
PROPERTY AND EQUIPMENT, net	421,188	439,172	427,107
OPERATING LEASE RIGHT-OF-USE ASSETS	918,541
RENTAL PRODUCT, net	99,085	99,770	111,345
GOODWILL	79,283	79,491	103,686
INTANGIBLE ASSETS, net	155,309	163,901	165,881
OTHER ASSETS	5,806	8,514	13,497
TOTAL ASSETS	2,674,698	1,820,490	1,828,831
CURRENT LIABILITIES:
Accounts payable	187,946	228,979	145,981
Accrued expenses and other current liabilities	289,810	282,029	313,319
Current portion of operating lease liabilities	185,800
Income taxes payable	10,102	15,968	6,659
Current portion of long-term debt	9,000	11,619	9,000
Total current liabilities	682,658	538,595	474,959
LONG-TERM DEBT, net	1,145,651	1,153,242	1,207,377
OPERATING LEASE LIABILITIES	763,865
DEFERRED TAXES, net AND OTHER LIABILITIES	77,961	125,022	146,484
Total liabilities	2,670,135	1,816,859	1,828,820
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Preferred stock
Common stock	506	501	498
Capital in excess of par	510,021	505,157	498,670
Accumulated deficit	(445,392)	(468,048)	(470,377)
Accumulated other comprehensive loss	(60,572)	(33,979)	(28,780)
Total shareholders' equity	4,563	3,631	11
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,674,698	$ 1,820,490	$ 1,828,831

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Net sales:
Total net sales	$ 789,488	$ 823,430	$ 1,570,875	$ 1,641,394
Cost of sales:
Total cost of sales	455,761	454,528	916,592	927,268
Gross margin:
Total gross margin	333,727	368,902	654,283	714,126
Advertising expense	33,164	38,661	78,207	79,894
Selling, general and administrative expenses	239,973	242,255	485,184	493,349
Operating income (loss)	60,590	87,986	90,892	140,883
Interest income	157	122	253	207
Interest expense	(18,258)	(20,864)	(36,921)	(42,845)
Loss on extinguishment of debt, net		(8,122)		(20,833)
(Loss) earnings before income taxes	42,489	59,122	54,224	77,412
(Benefit) provision for income taxes	8,223	9,884	12,816	14,265
Net earnings (loss)	$ 34,266	$ 49,238	$ 41,408	$ 63,147
Net earnings per common share:
Basic (in dollars per share)	$ 0.68	$ 0.99	$ 0.82	$ 1.27
Diluted (in dollars per share)	$ 0.68	$ 0.97	$ 0.82	$ 1.24
Weighted-average common shares outstanding:
Basic (in shares)	50,547	49,840	50,414	49,649
Diluted (in shares)	50,624	50,851	50,606	50,785
Retail Segment
Net sales:
Total net sales	$ 736,145	$ 767,914	$ 1,460,807	$ 1,522,757
Cost of sales:
Total cost of sales	417,019	413,912	836,259	839,986
Gross margin:
Total gross margin	319,126	354,002	624,548	682,771
Corporate Apparel Segment
Net sales:
Total net sales	53,343	55,516	110,068	118,637
Cost of sales:
Total cost of sales	38,742	40,616	80,333	87,282
Gross margin:
Total gross margin	14,601	14,900	29,735	31,355
Retail clothing product | Retail Segment
Net sales:
Total net sales	580,900	605,788	1,175,679	1,219,432
Cost of sales:
Total cost of sales	259,047	259,025	527,691	535,245
Gross margin:
Total gross margin	321,853	346,763	647,988	684,187
Rental services | Retail Segment
Net sales:
Total net sales	120,329	125,095	214,069	225,322
Cost of sales:
Total cost of sales	19,773	19,366	32,790	34,023
Gross margin:
Total gross margin	100,556	105,729	181,279	191,299
Total alteration and other services | Retail Segment
Net sales:
Total net sales	34,916	37,031	71,059	78,003
Cost of sales:
Total cost of sales	33,614	33,749	67,461	67,927
Gross margin:
Total gross margin	1,302	3,282	3,598	10,076
Occupancy costs | Retail Segment
Cost of sales:
Total cost of sales	104,585	101,772	208,317	202,791
Gross margin:
Total gross margin	$ (104,585)	$ (101,772)	$ (208,317)	$ (202,791)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net earnings (loss)	$ 34,266	$ 49,238	$ 41,408	$ 63,147
Currency translation adjustments	(7,329)	(7,824)	(8,914)	(21,967)
Unrealized (loss) gain on cash flow hedges, net of tax	(12,065)	1,169	(17,679)	3,969
Comprehensive income	$ 14,872	$ 42,583	$ 14,815	$ 45,149

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Common Stock	Capital in Excess of Par	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total
Balance at the beginning of the year at Feb. 03, 2018	$ 492	$ 491,648	$ (479,166)	$ (10,782)	$ 2,192
Increase (Decrease) in Shareholders' Equity
Net earnings			13,909		13,909
Other comprehensive loss				(11,343)	(11,343)
Cash dividends - $0.18 per share			(9,360)		(9,360)
Share-based compensation		4,581			4,581
Common stock issued - 306,505 and 155,210 shares for quarters ending May 4, 2019 and Aug 3, 2019 respectively and 445,932 and 178,647 shares for quarters ending May 5, 2018 and Aug 4, 2018 respectively	4	3,645			3,649
Tax payments related to vested deferred stock units		(5,025)			(5,025)
Balance at the end of the year at May. 05, 2018	496	494,849	(510,441)	(22,125)	(37,221)
Balance at the beginning of the year at Feb. 03, 2018	492	491,648	(479,166)	(10,782)	2,192
Increase (Decrease) in Shareholders' Equity
Net earnings					63,147
Balance at the end of the year at Aug. 04, 2018	498	498,670	(470,377)	(28,780)	11
Increase (Decrease) in Shareholders' Equity
Cumulative adjustment | Cumulative adjustment upon ASC 606 adoption (see Note 5)			(35,824)		(35,824)
Balance at the beginning of the year at May. 05, 2018	496	494,849	(510,441)	(22,125)	(37,221)
Increase (Decrease) in Shareholders' Equity
Net earnings			49,238		49,238
Other comprehensive loss				(6,655)	(6,655)
Cash dividends - $0.18 per share			(9,174)		(9,174)
Share-based compensation		4,835			4,835
Common stock issued - 306,505 and 155,210 shares for quarters ending May 4, 2019 and Aug 3, 2019 respectively and 445,932 and 178,647 shares for quarters ending May 5, 2018 and Aug 4, 2018 respectively	2	462			464
Tax payments related to vested deferred stock units		(1,476)			(1,476)
Balance at the end of the year at Aug. 04, 2018	498	498,670	(470,377)	(28,780)	11
Balance at the beginning of the year at Feb. 02, 2019	501	505,157	(468,048)	(33,979)	3,631
Increase (Decrease) in Shareholders' Equity
Net earnings			7,142		7,142
Other comprehensive loss				(7,199)	(7,199)
Cash dividends - $0.18 per share			(9,103)		(9,103)
Share-based compensation		2,398			2,398
Common stock issued - 306,505 and 155,210 shares for quarters ending May 4, 2019 and Aug 3, 2019 respectively and 445,932 and 178,647 shares for quarters ending May 5, 2018 and Aug 4, 2018 respectively	3	424			427
Tax payments related to vested deferred stock units		(940)			(940)
Balance at the end of the year at May. 04, 2019	504	507,039	(470,411)	(41,178)	(4,046)
Balance at the beginning of the year at Feb. 02, 2019	501	505,157	(468,048)	(33,979)	3,631
Increase (Decrease) in Shareholders' Equity
Net earnings					41,408
Balance at the end of the year at Aug. 03, 2019	506	510,021	(445,392)	(60,572)	4,563
Increase (Decrease) in Shareholders' Equity
Cumulative adjustment | Cumulative adjustment upon ASC 842 adoption (see Note 12)			(402)		(402)
Balance at the beginning of the year at May. 04, 2019	504	507,039	(470,411)	(41,178)	(4,046)
Increase (Decrease) in Shareholders' Equity
Net earnings			34,266		34,266
Other comprehensive loss				(19,394)	(19,394)
Cash dividends - $0.18 per share			(9,247)		(9,247)
Share-based compensation		2,644			2,644
Common stock issued - 306,505 and 155,210 shares for quarters ending May 4, 2019 and Aug 3, 2019 respectively and 445,932 and 178,647 shares for quarters ending May 5, 2018 and Aug 4, 2018 respectively	2	450			452
Tax payments related to vested deferred stock units		(112)			(112)
Balance at the end of the year at Aug. 03, 2019	$ 506	$ 510,021	$ (445,392)	$ (60,572)	$ 4,563

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares	3 Months Ended
	Aug. 03, 2019	May 04, 2019	Aug. 04, 2018	May 05, 2018
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT)
Cash dividends declared per common share (in dollars per share)	$ 0.18	$ 0.18	$ 0.18	$ 0.18
Common stock issued (in shares)	155,210	306,505	178,647	445,932

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 41,408	$ 63,147
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	53,810	52,719
Non-cash lease expense	98,683
Rental product amortization	19,047	19,755
Loss on extinguishment of debt, net		20,833
Amortization of deferred financing costs and discount on long-term debt	972	2,228
Loss on disposition of assets	2,946	7,768
Asset impairment charges	184	269
Share-based compensation	5,042	9,416
Deferred tax expense (benefit)	2,828	(2,240)
Other	134	247
Changes in operating assets and liabilities:
Accounts receivable	5,952	10,461
Inventories	(22,507)	42,186
Rental product	(21,450)	(12,102)
Other assets	(15,621)	(9,372)
Accounts payable, accrued expenses and other current liabilities	(30,928)	(3,497)
Income taxes payable	(5,789)	697
Other liabilities	(101,388)	(4,524)
Net cash provided by operating activities	33,323	197,991
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(39,092)	(24,645)
Proceeds from divestiture of business		17,755
Net cash provided by (used in) investing activities	(39,092)	(6,890)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan		(993,420)
Proceeds from new term loan		895,500
Payments on new term loan	(7,120)	(4,500)
Proceeds from asset-based revolving credit facility	673,500	199,500
Payments on asset-based revolving credit facility	(677,000)	(95,000)
Repurchase and retirement of senior notes		(199,365)
Deferred financing costs		(5,644)
Cash dividends paid	(18,784)	(18,744)
Proceeds from issuance of common stock	879	4,113
Tax payments related to vested deferred stock units	(1,052)	(6,501)
Net cash (used in) provided by financing activities	(29,577)	(224,061)
Effect of exchange rate changes	(609)	(2,432)
DECREASE IN CASH AND CASH EQUIVALENTS	(35,955)	(35,392)
Balance at beginning of period	55,431	103,607
Balance at end of period	$ 19,476	$ 68,215

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Aug. 03, 2019
Significant Accounting Policies
Significant Accounting Policies	1. Significant Accounting Policies ​ Basis of Presentation — ​ 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 2, 2019. ​ 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 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 Not Yet Adopted ​ In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-15, Intangibles-Goodwill and Other-Internal Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. ​

Divestiture of MW Cleaners

Divestiture of MW Cleaners	6 Months Ended
	Aug. 03, 2019
Divesture 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. For fiscal 2018, the total loss on divestiture of MW Cleaners was $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. ​

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 03, 2019
Earnings Per Share
Earnings Per Share	3. 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 3, ​ August 4, ​ August 3, ​ August 4, ​ ​ 2019 2018 2019 2018 Numerator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings ​ $ 34,266 ​ $ 49,238 ​ $ 41,408 ​ $ 63,147 ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 50,547 ​ 49,840 ​ 50,414 ​ 49,649 ​ Dilutive effect of share-based awards ​ 77 ​ 1,011 ​ 192 ​ 1,136 ​ Diluted weighted-average common shares outstanding ​ 50,624 ​ 50,851 ​ 50,606 ​ 50,785 ​ Net earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.68 ​ $ 0.99 ​ $ 0.82 ​ $ 1.27 ​ Diluted ​ $ 0.68 ​ $ 0.97 ​ $ 0.82 ​ $ 1.24 ​ ​ For the three and six months ended August 3, 2019, 4.6 million and 3.3 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 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.

Debt

Debt	6 Months Ended
	Aug. 03, 2019
Debt
Debt	4. 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, 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 was to be 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, and in October 2018, amended its term loan to reduce the interest rate margin. 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 3, 2019, our total leverage ratio is below the maximum specified in the agreements, however, our secured leverage ratio is above the maximum level. As a result, we are now subject to additional restrictions, primarily related to the size of any incremental term loan facilities being limited to a maximum of $250 million. 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 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 was presented as a reduction of the outstanding balance on the New Term Loan on the balance sheet and was to 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 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 New Term Loan bears 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%). In October 2018, we amended the New Term Loan resulting in a reduction in the interest rate margin of 25 basis points. As a result of the amendment, the margins for borrowings under the New Term Loan are 3.25% for LIBOR and 2.25% for the base rate and the OID was eliminated. In connection with the October 2018 amendment of the New Term Loan, we incurred deferred financing costs of $1.1 million, which will be amortized over the life of the New Term Loan using the interest method. The maturity date for the New Term Loan remains April 9, 2025, and all other material provisions of the New Term Loan remain unchanged. For the first six months ended August 4, 2018, 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. ​ The interest rate on the New Term Loan is based on 1-month LIBOR, which was 2.23% at August 3, 2019, plus the applicable margin of 3.25%, resulting in a total interest rate of 5.48%. 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 an interest rate swap entered into during June 2018. At August 3, 2019, the total notional amount under these interest rate swaps is $710.0 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 and, as of August 3, 2019, the New Term Loan had a weighted average interest rate of 5.73%. ​ 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 3, 2019, $45.0 million in borrowings were outstanding under the ABL Facility at a weighted average interest rate of approximately 3.7%. During the six months ended August 3, 2019, the maximum borrowing outstanding under the ABL Facility was $100.0 million. ​ We utilize letters of credit primarily as collateral for workers compensation claims and to secure inventory purchases. At August 3, 2019, letters of credit totaling approximately $29.2 million were issued and outstanding. Borrowings available under the ABL Facility as of August 3, 2019 were $401.9 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. 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. 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 on January 1 and July 1 of each year. ​ We may redeem some or all of the Senior Notes at any time on or after July 1, 2017 at the redemption prices set forth in the indenture governing the Senior Notes. Upon the occurrence of certain specific changes of control, we may be required to offer to purchase the Senior Notes at 101% of their aggregate principal amount plus accrued and unpaid interest thereon to the date of purchase. 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. ​ 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 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Term Loan (net of unamortized OID of $0.0 million at August 3, 2019, $4.3 million at August 4, 2018, and $0.0 million at February 2, 2019) ​ $ 883,880 ​ $ 891,210 ​ $ 891,000 ​ Senior Notes ​ 228,607 ​ 228,607 ​ 228,607 ​ ABL Facility ​ 45,000 ​ 104,500 ​ 48,500 ​ Less: Deferred financing costs related to the Term Loan and Senior Notes ​ (2,836) ​ (7,940) ​ (3,246) ​ Total long-term debt, net ​ 1,154,651 ​ 1,216,377 ​ 1,164,861 ​ Current portion of long-term debt ​ (9,000) ​ (9,000) ​ (11,619) ​ Total long-term debt, net of current portion ​ $ 1,145,651 ​ $ 1,207,377 ​ $ 1,153,242 ​ ​

Revenue Recognition

Revenue Recognition	6 Months Ended
	Aug. 03, 2019
Revenue Recognition
Revenue Recognition	​ 5. Revenue Recognition ​ Adoption of ASC 606 ​ Effective February 4, 2018, we adopted ASC 606, Revenue from Contracts with Customers ​ 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 ASC 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 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 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Men's tailored clothing product ​ $ 332,476 ​ $ 356,504 ​ $ 675,431 ​ $ 712,241 ​ Men's non-tailored clothing product ​ 228,761 ​ 229,105 ​ 457,743 ​ 464,711 ​ Women's clothing product ​ ​ 16,964 ​ ​ 17,447 ​ ​ 36,178 ​ ​ 37,029 ​ Other (1) ​ 2,699 ​ 2,732 ​ 6,327 ​ 5,451 ​ Total retail clothing product ​ 580,900 ​ 605,788 ​ 1,175,679 ​ 1,219,432 ​ Rental services ​ 120,329 ​ 125,095 ​ 214,069 ​ 225,322 ​ Alteration services ​ 34,916 ​ 37,031 ​ 71,059 ​ 75,452 ​ Retail dry cleaning services (2) ​ — ​ — ​ — ​ 2,551 ​ Total alteration and other services ​ 34,916 ​ 37,031 ​ 71,059 ​ 78,003 ​ Total retail sales ​ ​ 736,145 ​ ​ 767,914 ​ ​ 1,460,807 ​ ​ 1,522,757 ​ Corporate apparel clothing product ​ 53,343 ​ 55,516 ​ 110,068 ​ 118,637 ​ Total net sales ​ $ 789,488 ​ $ 823,430 ​ $ 1,570,875 ​ $ 1,641,394 ​ (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 an accrual 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, historically, did not expire. During the fourth quarter of 2018, we finalized our decision to implement an expiration policy for loyalty program points beginning in the second quarter of fiscal 2019, which was completed. 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 programs represents a customer option that is a material right and, accordingly, is a performance obligation in the contract with our customer. Therefore, we record our obligation for future point redemptions using a deferred revenue model. ​ 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 not 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 usage 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 programs. ​ 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. ​ Sales Returns ​ Revenue from merchandise product sales 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 $5.3 million at August 3, 2019, 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 $2.7 million at August 3, 2019. ​ 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 2, 2019 (Decrease) August 3, 2019 ​ Contract liabilities ​ $ 122,828 ​ $ 20,442 ​ $ 143,270 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 primarily 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 condensed consolidated balance sheet. Please see Note 9 for additional information on our accrued expenses and other current liabilities. ​ The amount of revenue recognized for the three months and six months ended August 3, 2019 that was included in the respective opening contract liability balance was $15.3 million and $67.5 million, respectively. 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.

Supplemental Cash Flows

Supplemental Cash Flows	6 Months Ended
	Aug. 03, 2019
Supplemental Cash Flows
Supplemental Cash Flows	​ 6. Supplemental Cash Flows ​ Supplemental disclosure of cash flow information is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ ​ August 3, ​ August 4, ​ 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for interest $ 35,764 $ 41,481 ​ Cash paid for income taxes, net $ 25,520 $ 15,664 ​ ​ We had unpaid capital expenditure purchases included in accounts payable and accrued expenses and other current liabilities of approximately $8.4 million and $6.3 million at August 3, 2019 and August 4, 2018, 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. Please see Note 12 for other cash flow disclosures related to leases.

Inventories

Inventories	6 Months Ended
	Aug. 03, 2019
Inventories
Inventories	7. Inventories ​ The following table provides details on our inventories as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Finished goods ​ $ 678,955 ​ $ 675,405 ​ $ 682,610 ​ Raw materials and merchandise components ​ 167,997 ​ 111,105 ​ 147,816 ​ Total inventories ​ $ 846,952 ​ $ 786,510 ​ $ 830,426 ​ ​

Income Taxes

Income Taxes	6 Months Ended
	Aug. 03, 2019
Income Taxes
Income Taxes	8. Income Taxes ​ Our effective income tax rate increased to 19.4% for the second quarter of 2019 from 16.7% for the second quarter of 2018 primarily due to the release of $3.1 million of state valuation allowances in the second quarter of 2018. ​ Our effective income tax rate increased to 23.6% for the first six months of 2019 from 18.4% for the first six months of 2018 primarily due to an increase in the discrete tax expense related to the net excess shortfalls from share-based awards vesting in the first six months of 2019. ​ Additionally, we are currently undergoing several tax 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. 03, 2019
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	9. 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 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Prepaid expenses ​ $ 41,032 ​ $ 57,197 ​ $ 56,361 ​ Tax receivable ​ ​ 11,404 ​ ​ 17,401 ​ ​ 584 ​ Other ​ 11,446 ​ 12,893 ​ 13,767 ​ Total other current assets ​ $ 63,882 ​ $ 87,491 ​ $ 70,712 ​ ​ The decrease in prepaid expenses as of August 3, 2019, is due to the impact on prepaid rent resulting from the adoption of Accounting Standards Codification 842, Leases ​ The following table provides details on our accrued expenses and other current liabilities as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, February 2, ​ ​ 2019 ​ 2018 ​ 2019 ​ Customer deposits, prepayments and refunds payable ​ $ 65,280 ​ $ 66,261 ​ $ 40,620 ​ Accrued salary, bonus, sabbatical, vacation and other benefits ​ ​ 61,946 ​ ​ 69,839 ​ ​ 81,503 ​ Loyalty program liabilities ​ 44,273 ​ 63,295 ​ 44,434 ​ Sales, value added, payroll, property and other taxes payable ​ ​ 28,144 ​ ​ 24,197 ​ ​ 25,547 ​ Unredeemed gift cards ​ ​ 26,438 ​ ​ 28,152 ​ ​ 32,178 ​ Accrued workers compensation and medical costs ​ 23,266 ​ 26,146 ​ 23,974 ​ Accrued dividends ​ 10,046 ​ 10,918 ​ 10,480 ​ Unrealized loss on interest rate swaps ​ ​ 5,304 ​ ​ 1,735 ​ ​ 1,625 ​ Accrued interest ​ 2,011 ​ 2,379 ​ 1,828 ​ Accrued royalties ​ ​ 1,532 ​ ​ 1,398 ​ ​ 1,286 ​ Other ​ 21,570 ​ 18,999 ​ 18,554 ​ Total accrued expenses and other current liabilities ​ $ 289,810 ​ $ 313,319 ​ $ 282,029 ​ ​ The following table provides details on our deferred taxes, net and other liabilities as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Deferred and other income tax liabilities, net ​ $ 49,846 ​ $ 80,413 ​ $ 53,479 ​ Unrealized loss on interest rate swaps ​ ​ 24,949 ​ ​ — ​ ​ 7,605 ​ Deferred rent and landlord incentives ​ ​ — ​ ​ 58,801 ​ ​ 57,505 ​ Unfavorable lease liabilities ​ ​ — ​ ​ 2,357 ​ ​ 1,797 ​ Other ​ 3,166 ​ 4,913 ​ 4,636 ​ Total deferred taxes, net and other liabilities ​ $ 77,961 ​ $ 146,484 ​ $ 125,022 ​ ​ ​ ​ The elimination of deferred rent and landlord incentives and unfavorable lease liabilities is due to the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	6 Months Ended
	Aug. 03, 2019
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income	10. Accumulated Other Comprehensive (Loss) Income ​ The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended August 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Currency ​ Cash Flow ​ Pension ​ ​ ​ ​ Translation Hedges Plan Total BALANCE— February 2, 2019 ​ $ (29,820) ​ $ (4,314) ​ $ 155 ​ $ (33,979) ​ Other comprehensive loss before reclassifications ​ (8,914) ​ ​ (22,841) ​ ​ — ​ (31,755) ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ ​ (721) ​ ​ — ​ (721) ​ Tax effect ​ ​ — ​ ​ 5,883 ​ ​ — ​ ​ 5,883 ​ Net current-period other comprehensive loss ​ (8,914) ​ (17,679) ​ ​ — ​ (26,593) ​ BALANCE— August 3, 2019 ​ $ (38,734) ​ $ (21,993) ​ $ 155 ​ $ (60,572) ​ ​ The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended August 4, 2018 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ 3,395 ​ — ​ (18,572) ​ Amounts reclassified from accumulated other comprehensive income ​ — ​ 1,684 ​ — ​ 1,684 ​ Tax effect ​ ​ — ​ ​ (1,110) ​ ​ — ​ ​ (1,110) ​ Net current-period other comprehensive (loss) income ​ (21,967) ​ 3,969 ​ — ​ (17,998) ​ BALANCE— August 4, 2018 $ (33,083) $ 4,114 $ 189 $ (28,780) ​ ​ Amounts reclassified from other comprehensive (loss) income for the six months ended August 3, 2019 and August 4, 2018 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. 03, 2019
Share-Based Compensation Plans
Share-Based Compensation Plans	11. Share-Based Compensation Plans ​ For a discussion of our share-based compensation plans, please see Note 14 in our Annual Report on Form 10-K for the fiscal year ended February 2, 2019. ​ 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 3, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average ​ ​ Units ​ Grant-Date Fair Value ​ ​ Time- ​ Performance- ​ Time- ​ Performance- ​ Based Based Based Based Non-Vested at February 2, 2019 ​ 939,086 336,906 ​ $ 22.60 ​ $ 18.59 ​ Granted 162,162 — ​ 5.55 ​ — ​ Vested (1) (416,566) (28,686) ​ 21.81 ​ 17.43 ​ Forfeited (100,902) (43,704) ​ 22.44 ​ 18.30 ​ Non-Vested at August 3, 2019 583,780 264,516 ​ $ 18.45 ​ $ 18.77 ​ (1) Includes 137,694 shares relinquished for tax payments related to vested DSUs for the six months ended August 3, 2019. ​ As of August 3, 2019, we have unrecognized compensation expense related to non-vested DSUs of $9.5 million, which is expected to be recognized over a weighted-average period of 1.3 years. ​ Stock Options and Stock Appreciation Rights (“SARs”) ​ The following table summarizes the activity of stock options for the six months ended August 3, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Number of ​ Average ​ ​ Shares Exercise Price Outstanding at February 2, 2019 1,252,072 ​ $ 23.64 ​ Granted 3,050,974 ​ 7.61 ​ Exercised — ​ — ​ Forfeited (171,812) ​ 11.02 ​ Expired (43,268) ​ 28.28 ​ Outstanding at August 3, 2019 4,087,966 ​ $ 12.16 Exercisable at August 3, 2019 912,456 ​ $ 24.91 ​ During the first quarter of 2019, we granted SARs, which vest ratably over a period of three years, and will be settled in stock. Each vested SAR entitles the holder to the right of the difference between the value of our common stock on the date of exercise and the common stock price on the date of grant. We use the Black-Scholes option pricing model to estimate the fair value of SARs on the date of grant. ​ The following table summarizes the activity of SARs for the six months ended August 3, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Number of ​ Average ​ ​ Shares Exercise Price Outstanding at February 2, 2019 — ​ $ — ​ Granted 414,476 ​ 7.62 ​ Exercised — ​ — ​ Forfeited — ​ — ​ Expired — ​ — ​ Outstanding at August 3, 2019 414,476 ​ $ 7.62 Exercisable at August 3, 2019 — ​ $ — ​ The weighted-average grant date fair value of the 3,050,974 stock options and 414,476 SARs granted during the six months ended August 3, 2019 was $3.00 and $3.01 per share, respectively. The following table summarizes the weighted-average assumptions used to fair value the stock options and SARs at the date of grant using the Black-Scholes option model for the six months ended August 3, 2019: ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ ​ ​ August 3, ​ ​ 2019 Risk-free interest rate ​ 2.39% ​ Expected lives 5.0 years ​ Dividend yield 4.34% ​ Expected volatility 62.32% ​ ​ As of August 3, 2019, we have unrecognized compensation expense related to non-vested stock options and SARs of $10.6 million, which is expected to be recognized over a weighted-average period of 1.7 years. ​ Cash Settled Awards ​ We have 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. 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 3, 2019, the liability associated with the cash settled awards was $1.3 million with $1.2 million recorded in accrued expenses and other current liabilities and $0.1 million recorded in other liabilities in the condensed consolidated balance sheets. ​ The following table summarizes the activity of cash settled awards, based on their initial grant date values, for the six months ended August 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ Cash Settled Awards Non-Vested at February 2, 2019 $ 5,072 Granted ​ 4,255 Vested ​ (2,350) Forfeited ​ (514) Non-Vested at August 3, 2019 $ 6,463 ​ As of August 3, 2019, we have unrecognized compensation expense related to non-vested cash settled awards of $3.0 million, which is expected to be recognized over a weighted-average period of 0.8 years. ​ Share-Based Compensation Expense ​ Share-based compensation expense, including cash settled awards, recognized for the three and six months ended August 3, 2019 was $2.4 million and $4.3 million, respectively. 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.

Leases

Leases	6 Months Ended
	Aug. 03, 2019
Leases
Leases	12. Leases ​ Adoption of ASC 842 ​ Effective February 3, 2019, we adopted ASU No. 2016-02, Leases (Topic 842) ​ ● We elected the package of practical expedients under which we did not reassess our prior conclusions about lease identification, lease classification and initial direct costs. ● We elected to not separate lease and non-lease components for all leases. ● We elected to exempt leases with an initial term of twelve months or less from balance sheet recognition. ● We elected the land easement practical expedient under which we did not reassess whether existing land easements not accounted for as leases under previous guidance are or contain leases under ASC 842. ● We did not elect the hindsight practical expedient for all leases. ​ In addition, in July 2018, the FASB approved an optional transition method that removed the requirement to restate prior period financial statements upon adoption of the standard with a cumulative-effect adjustment to retained earnings in the period of adoption and we elected to apply this transition method. As a result, the comparative period information has not been restated and continues to be reported under the accounting standards in effect for the period presented. The adoption of ASC 842 had no impact to our previously reported results of operations or cash flows. ​ The following table depicts the cumulative effect of the changes made to our February 2, 2019 balance sheet for the adoption of ASC 842 effective on February 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reported ​ ​ ​ Adjusted ​ ​ Balance at ​ Impact of ​ Balance at ​ ​ February 2, ​ Adoption of ​ February 3, ​ 2019 ASC 842 2019 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 70,712 ​ $ (20,754) ​ $ 49,958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ — ​ ​ 896,270 ​ ​ 896,270 Intangible assets, net ​ ​ 163,901 ​ ​ (6,682) ​ ​ 157,219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other current liabilities ​ ​ 282,029 ​ ​ (151) ​ ​ 281,878 Current portion of operating lease liabilities ​ ​ — ​ ​ 183,726 ​ ​ 183,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Noncurrent Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ — ​ ​ 745,116 ​ ​ 745,116 Deferred taxes, net and other liabilities ​ ​ 125,022 ​ ​ (59,455) ​ ​ 65,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated deficit ​ ​ (468,048) ​ ​ (402) ​ ​ (468,450) ​ The adoption of ASC 842 primarily resulted in the recognition of operating lease liabilities totaling $928.8 million, based upon the present value of the remaining minimum rental payments using discount rates as of the adoption date, with $183.7 million within current liabilities and $745.1 million in noncurrent liabilities. In addition, we recorded corresponding right-of-use assets totaling $896.3 million based upon the operating lease liabilities adjusted for favorable lease intangible assets, previously included within intangible assets, net and deferred rent and unfavorable lease liabilities, previously included within deferred taxes, net and other liabilities. In addition, we recorded a $0.4 million cumulative effect of initially applying ASC 842 as an adjustment to the opening balance of accumulated deficit. ​ Lease Information ​ We lease store locations, office and warehouse facilities, vehicles and equipment under various non-cancelable operating leases expiring in various years through 2030. ​ Substantially all of our stores are leased, generally for five to ten year initial terms. Certain store leases include one or more options to renew, with renewal terms that range from one to ten years. Management uses its judgment to determine if a renewal option is reasonably certain of being exercised including consideration of the significant investment related to the identification, opening and operation of these store locations. In addition, under our real estate leases, we pay costs such as real estate taxes and common area maintenance and certain of our lease agreements include rental payments based on a percentage of retail sales over contractual levels. These costs are generally considered variable lease payments, and are recognized when deemed probable of payment. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, we sublease certain real estate to third parties. Amounts related to subleases were immaterial to the condensed consolidated financial statements. ​ Operating lease right-of-use assets and operating lease liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments. Operating lease right-of-use assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, lease incentives and impairment of operating lease right-of-use assets. To determine the present value of the lease payments, we estimated our incremental borrowing rate based on our current credit rating as well as comparisons to comparable borrowing rates of similarly-rated companies. ​ The components of lease cost are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ August 3, 2019 ​ August 3, 2019 Operating lease cost ​ $ 63,326 ​ $ 126,230 Variable lease cost ​ ​ 18,397 ​ ​ 37,658 Total lease cost ​ $ 81,723 ​ $ 163,888 ​ Operating lease expense is recognized on a straight-line basis over the lease term. Total lease costs for stores and our distribution network are included in cost of sales while other total lease costs are included in SG&A expenses. ​ Supplemental balance sheet information related to operating leases consists of the following (in thousands): ​ ​ ​ ​ ​ August 3, 2019 Operating lease right-of-use assets $ 918,541 ​ ​ ​ Current portion of operating lease liabilities $ 185,800 Noncurrent portion operating lease liabilities ​ 763,865 Total operating lease liabilities $ 949,665 ​ Lease term and discount rate for operating leases were as follows: ​ ​ ​ ​ ​ ​ August 3, 2019 Weighted average remaining lease term ​ 4.4 years Weighted average discount rate ​ 5.26% ​ ​ Supplemental disclosures of cash flow information consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ ​ August 3, 2019 Cash paid for operating leases ​ $ 127,844 Operating lease assets obtained in exchange for operating lease liabilities ​ $ 1,017,124 ​ At August 3, 2019, we have approximately $949.7 million of non-cancelable operating lease commitments and no finance leases. The following table summarizes the undiscounted annual future minimum lease payments, as of August 3, 2019, for each of the next five years and in the aggregate (in thousands): ​ ​ ​ ​ ​ Operating Leases Year 1 $ 234,651 Year 2 ​ 242,446 Year 3 ​ 204,721 Year 4 ​ 159,609 Year 5 ​ 114,716 Thereafter ​ 149,230 Total lease payments $ 1,105,373 Less: Interest ​ (155,708) Present value of lease liabilities $ 949,665 ​ As of August 3, 2019, we executed certain real estate leases that had not yet commenced with lease liabilities totaling $1.1 million which are not reflected in the above table. These leases are expected to commence during fiscal 2019. ​ Disclosures Related to Periods Prior to Adoption of ASC 842 ​ As previously disclosed in our 2018 Annual Report on Form 10-K and under the accounting standards then in effect, minimum future rental payments under non-cancelable leases as of February 2, 2019 for each of the next five years and in the aggregate are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year ​ Operating Leases ​ 2019 ​ $ 239,711 ​ 2020 ​ 209,596 ​ 2021 ​ 175,962 ​ 2022 ​ 134,208 ​ 2023 ​ 88,187 ​ Thereafter ​ 141,084 ​ Total lease payments ​ $ 988,748 ​ ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Aug. 03, 2019
GOODWILL AND INTANGIBLE ASSETS
Goodwill and Other Intangible Assets	13. Goodwill and Other Intangible Assets ​ Goodwill ​ Changes in the net carrying amount of goodwill, all of which relates to our retail segment, for the six months ended August 3, 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Balance at February 2, 2019 ​ $ 79,491 ​ Translation adjustment ​ (208) ​ Balance at August 3, 2019 ​ $ 79,283 ​ ​ 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 triggering event occurred during the first six months ended August 3, 2019 that required an interim goodwill impairment test. ​ Intangible Assets ​ The gross carrying amount and accumulated amortization of our identifiable intangible assets are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks, tradenames and franchise agreements ​ $ 15,887 ​ $ 16,055 ​ $ 16,067 ​ Favorable leases ​ ​ — ​ ​ 12,876 ​ ​ 11,844 ​ Customer relationships ​ 24,645 ​ 26,415 ​ 26,553 ​ Total carrying amount ​ 40,532 ​ 55,346 ​ 54,464 ​ Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks, tradenames and franchise agreements ​ (10,871) ​ (10,634) ​ (10,796) ​ Favorable leases ​ ​ — ​ ​ (5,420) ​ ​ (5,162) ​ Customer relationships ​ (18,523) ​ (17,652) ​ (18,851) ​ Total accumulated amortization ​ (29,394) ​ (33,706) ​ (34,809) ​ Total amortizable intangible assets, net ​ 11,138 ​ 21,640 ​ 19,655 ​ Indefinite-lived intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks and tradename ​ 144,171 ​ 144,241 ​ 144,246 ​ Total intangible assets, net ​ $ 155,309 ​ $ 165,881 ​ $ 163,901 ​ ​ The elimination of favorable leases is due to the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information. ​ Amortization expense associated with intangible assets subject to amortization totaled $0.6 million and $1.2 million for the three and six months ended August 3, 2019. 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. Amortization associated with intangible assets subject to amortization at August 3, 2019 is estimated to be $1.2 million for the remainder of fiscal 2019, $2.5 million for fiscal 2020, $2.5 million for fiscal 2021, $1.4 million for fiscal 2022 and $0.3 million for fiscal 2023.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 03, 2019
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 3, 2019— ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 2,787 ​ $ — ​ $ 2,787 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 30,717 ​ $ — ​ $ 30,717 ​ August 4, 2018— ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 8,240 ​ $ — ​ $ 8,240 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 1,932 ​ $ — ​ $ 1,932 ​ February 2, 2019— ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 3,074 ​ $ — ​ $ 3,074 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 9,307 ​ $ — ​ $ 9,307 ​ ​ At August 3, 2019, 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 UK operations denominated in a currency different from the UK’s functional currency and (4) a foreign currency forward exchange contract primarily entered into to minimize our foreign currency exposure related to the British pound. These derivative financial instruments are recorded in the condensed 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 condensed consolidated balance sheets. Derivative financial instruments in a liability position are included within accrued expenses and other current liabilities or noncurrent liabilities in the condensed 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, 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 3, 2019, we incurred $0.2 million 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 write-off of $2.9 million of rental product related to the closure of a Canadian distribution center, which is included within cost of sales in our condensed consolidated statement of earnings. ​ During the six months ended August 4, 2018, we incurred $0.3 million 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 write-off 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. ​ 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 3, 2019, August 4, 2018, and February 2, 2019, 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 3, 2019 ​ August 4, 2018 ​ February 2, 2019 ​ ​ ​ 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 ​ $ 1,109,651 ​ $ 996,169 ​ $ 1,111,877 ​ $ 1,133,454 ​ $ 1,116,361 ​ $ 1,120,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The carrying value of the Term Loan and Senior Notes, including current portion is net of deferred financing costs of $2.8 million, $7.9 million and $3.2 million as of August 3, 2019, August 4, 2018 and February 2, 2019, respectively. ​

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Aug. 03, 2019
Derivative Financial Instruments
DERIVATIVE FINANCIAL INSTRUMENTS	15. Derivative Financial Instruments ​ Effective February 3, 2019, we adopted ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities ​ In April 2017, we entered into an interest rate swap contract on an initial notional amount of $260.0 million that matures in June 2021 with periodic interest settlements. At August 3, 2019, the notional amount totaled $320.0 million. Under this interest rate swap contract, we receive a floating rate based on 1-month LIBOR and pay a fixed rate of 5.31% (including the applicable margin of 3.25%) on the outstanding notional amount. ​ In June 2018, we entered into an interest rate swap contract on an initial notional amount of $320.0 million that matures in April 2025 with periodic interest settlements. At August 3, 2019, the notional amount totaled $390.0 million. Under this interest rate swap contract, we receive a floating rate based on 1-month LIBOR and pay a fixed rate of 6.18% (including the applicable margin of 3.25%) on the outstanding notional amount. ​ We have designated each 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 rate and the fair value of the swaps is reported as a component of accumulated other comprehensive (loss) income. For both swaps, 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, $5.3 million of the amounts related to the interest rate swaps is expected to be reclassified from accumulated other comprehensive (loss) income into earnings within interest expense. ​ We also utilize derivative instruments to hedge our foreign exchange risk, specifically related to the British pound and Euro. At August 3, 2019, the notional amount of the British pound and Euro instruments totaled $21.2 million and $7.8 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. The fair value of these hedges is reported as a component of accumulated other comprehensive (loss) income and 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, $2.0 million of the amounts related to these 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. We have not elected to apply hedge accounting to these derivative instruments. At August 3, 2019, the notional amount of these instruments totaled $6.5 million. Amounts related to these transactions were immaterial to our condensed consolidated financial statements. ​ Also, during the second quarter of 2019, we entered into a foreign currency forward hedge for our corporate apparel business to hedge our exposure to exchange rate risk related to the British pound for a notional amount of $56.0 million. We have not elected to apply hedge accounting to this derivative instrument. For the three and six months ended August 3, 2019, we recorded an unrealized gain of $1.3 million within SG&A in the condensed consolidated statement of earnings. ​ The following table provides details on our derivative instruments recorded in the condensed consolidated balance sheets as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, 2019 ​ August 4, 2018 ​ February 2, 2019 ​ ​ ​ Balance ​ Estimated ​ Balance ​ Estimated ​ Balance ​ Estimated ​ ​ Sheet Location Fair Value Sheet Location Fair Value Sheet Location Fair Value Interest rate contracts ​ Other current assets ​ $ — ​ Other current assets ​ $ 1,478 ​ Other current assets ​ $ 1,610 ​ Interest rate contracts ​ Other assets ​ ​ — ​ Other assets ​ ​ 5,430 ​ Other assets ​ ​ 1,355 ​ Foreign exchange contracts ​ Other current assets ​ ​ 2,787 ​ Other current assets ​ ​ 1,332 ​ Other current assets ​ ​ 109 ​ Total assets ​ ​ ​ ​ $ 2,787 ​ ​ ​ ​ $ 8,240 ​ ​ ​ ​ $ 3,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ Accrued expenses and other current liabilities ​ $ 5,304 ​ Accrued expenses and other current liabilities ​ $ 1,735 ​ Accrued expenses and other current liabilities ​ $ 1,625 ​ Interest rate contracts ​ Deferred taxes, net and other liabilities ​ ​ 24,949 ​ Deferred taxes, net and other liabilities ​ ​ — ​ Deferred taxes, net and other liabilities ​ ​ 7,605 ​ Foreign exchange contracts ​ Accrued expenses and other current liabilities ​ ​ 464 ​ Accrued expenses and other current liabilities ​ ​ 197 ​ Accrued expenses and other current liabilities ​ ​ 77 ​ Total liabilities ​ ​ ​ ​ $ 30,717 ​ ​ ​ ​ $ 1,932 ​ ​ ​ ​ $ 9,307 ​ ​ The following table provides details on our derivative instruments recorded in the condensed consolidated statements of earnings and comprehensive (loss) income for the three and six months ended August 3, 2019 and August 4, 2018 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax ​ Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings ​ ​ For the Three Months Ended ​ ​ For the Three Months Ended ​ August 3, 2019 August 4, 2018 ​ ​ August 3, 2019 August 4, 2018 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ $ (12,943) ​ $ (255) ​ Interest expense $ 99 ​ $ 153 Foreign exchange contracts ​ ​ 955 ​ ​ 798 ​ Cost of sales ​ (176) ​ ​ 473 Total ​ $ (11,988) ​ $ 543 ​ ​ $ (77) ​ $ 626 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax ​ Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings ​ ​ For the Six Months Ended ​ ​ For the Six Months Ended ​ August 3, 2019 August 4, 2018 ​ ​ August 3, 2019 August 4, 2018 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ $ (18,138) ​ $ 785 ​ Interest expense $ 113 ​ $ 307 Foreign exchange contracts ​ ​ 1,052 ​ ​ 1,845 ​ Cost of sales ​ (706) ​ ​ 1,032 Total ​ $ (17,086) ​ $ 2,630 ​ ​ $ (593) ​ $ 1,339 ​

Segment Reporting

Segment Reporting	6 Months Ended
	Aug. 03, 2019
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. Please see Note 19 of Notes to the Condensed Consolidated Financial Statements for information concerning the divestiture of our corporate apparel business on August 16, 2019. ​ We measure segment profitability based on operating income, defined as income before interest expense, interest income, loss 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 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Men's Wearhouse (1) ​ $ 423,504 ​ $ 445,197 ​ $ 851,276 ​ $ 893,006 ​ Jos. A. Bank ​ ​ 166,065 ​ ​ 172,427 ​ ​ 332,951 ​ ​ 341,503 ​ K&G ​ 82,689 ​ 83,645 ​ 170,386 ​ 172,925 ​ Moores ​ 63,887 ​ 66,645 ​ 106,194 ​ 112,772 ​ MW Cleaners (2) ​ — ​ — ​ — ​ 2,551 ​ Total retail segment ​ 736,145 ​ 767,914 ​ 1,460,807 ​ 1,522,757 ​ Total corporate apparel segment ​ 53,343 ​ 55,516 ​ 110,068 ​ 118,637 ​ Total net sales ​ $ 789,488 ​ $ 823,430 ​ $ 1,570,875 ​ $ 1,641,394 ​ (1) Consists of Men's Wearhouse, Men's Wearhouse and Tux 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 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Operating income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail ​ $ 109,347 ​ $ 134,142 ​ $ 187,538 ​ $ 232,863 ​ Corporate apparel ​ 1,147 ​ 1,169 ​ 1,727 ​ 2,752 ​ Shared service expense ​ ​ (49,904) ​ ​ (47,325) ​ ​ (98,373) ​ ​ (94,732) ​ Operating income ​ 60,590 ​ 87,986 ​ 90,892 ​ 140,883 ​ Interest income ​ 157 ​ 122 ​ 253 ​ 207 ​ Interest expense ​ (18,258) ​ (20,864) ​ (36,921) ​ (42,845) ​ Loss on extinguishment of debt, net ​ ​ — ​ ​ (8,122) ​ ​ — ​ ​ (20,833) ​ Earnings before income taxes ​ $ 42,489 ​ $ 59,122 ​ $ 54,224 ​ $ 77,412 ​ ​ Total assets by reportable segment and shared services are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Segment assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail ​ $ 2,182,982 ​ $ 1,344,618 ​ $ 1,375,902 ​ Corporate apparel ​ 167,705 ​ 186,285 ​ 175,488 ​ Shared services (1) ​ 324,011 ​ 297,928 ​ 269,100 ​ Total assets (2) ​ $ 2,674,698 ​ $ 1,828,831 ​ $ 1,820,490 ​ (1) Shared service assets consist primarily of cash and cash equivalents, assets related to our distribution network and tax-related assets. (2) The increase in total assets, as of August 3, 2019, is related to the recognition of operating lease right-of-use assets resulting from the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information.

Legal Matters

Legal Matters	6 Months Ended
	Aug. 03, 2019
COMMITMENTS AND CONTINGENCIES
Legal Matters	​ 17. Legal Matters ​ 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 alleged 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. Plaintiffs filed a Seconded Amended Complaint on October 4, 2018 on behalf of 39 named plaintiffs, adding PSA Airlines, Inc. and Envoy Air Inc. as defendants, adding new factual allegations and adding a new claim of fraud against American. The Second Amended Complaint included plaintiffs from the Onody Joy Onody Joy ​ 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. 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. This case was consolidated for pretrial purposes only with other complaints containing identical allegations, including the Agnello, Hughes, Mackonochie Wagoner 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. 03, 2019
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Condensed Consolidating Information	18. Condensed Consolidating Information ​ As discussed in Note 4, 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 3, 2019 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 1,158 ​ $ 2,091 ​ $ 16,227 ​ $ — ​ $ 19,476 ​ Accounts receivable, net ​ ​ — ​ ​ 23,397 ​ ​ 174,552 ​ ​ 74,042 ​ ​ (206,815) ​ ​ 65,176 ​ Inventories ​ ​ — ​ ​ 130,301 ​ ​ 485,873 ​ ​ 230,778 ​ ​ — ​ ​ 846,952 ​ Other current assets ​ ​ 9,744 ​ ​ 31,154 ​ ​ 27,632 ​ ​ 45,885 ​ ​ (50,533) ​ ​ 63,882 ​ Total current assets ​ ​ 9,744 ​ ​ 186,010 ​ ​ 690,148 ​ ​ 366,932 ​ ​ (257,348) ​ ​ 995,486 ​ Property and equipment, net ​ ​ — ​ ​ 185,823 ​ ​ 201,464 ​ ​ 33,901 ​ ​ — ​ ​ 421,188 ​ Operating lease right-of-use assets ​ ​ — ​ ​ 479,760 ​ ​ 376,922 ​ ​ 61,859 ​ ​ — ​ ​ 918,541 ​ Rental product, net ​ ​ — ​ ​ 80,973 ​ ​ 7,225 ​ ​ 10,887 ​ ​ — ​ ​ 99,085 ​ Goodwill ​ ​ — ​ ​ 6,160 ​ ​ 52,128 ​ ​ 20,995 ​ ​ — ​ ​ 79,283 ​ Intangible assets, net ​ ​ — ​ ​ — ​ ​ 146,937 ​ ​ 8,372 ​ ​ — ​ ​ 155,309 ​ Investments in subsidiaries ​ ​ 177,425 ​ ​ 1,157,995 ​ ​ — ​ ​ — ​ ​ (1,335,420) ​ ​ — ​ Other assets ​ ​ — ​ ​ 5,250 ​ ​ 485 ​ ​ 4,271 ​ ​ (4,200) ​ ​ 5,806 ​ Total assets ​ $ 187,169 ​ $ 2,101,971 ​ $ 1,475,309 ​ $ 507,217 ​ $ (1,596,968) ​ $ 2,674,698 ​ LIABILITIES AND SHAREHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 165,067 ​ $ 79,695 ​ $ 59,303 ​ $ 90,696 ​ $ (206,815) ​ $ 187,946 ​ Accrued expenses and other current liabilities ​ ​ 11,523 ​ ​ 157,294 ​ ​ 123,864 ​ ​ 57,764 ​ ​ (50,533) ​ ​ 299,912 ​ Current portion of operating lease liabilities ​ ​ — ​ ​ 98,618 ​ ​ 73,346 ​ ​ 13,836 ​ ​ — ​ ​ 185,800 ​ Current portion of long-term debt ​ ​ — ​ ​ 9,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,000 ​ Total current liabilities ​ ​ 176,590 ​ ​ 344,607 ​ ​ 256,513 ​ ​ 162,296 ​ ​ (257,348) ​ ​ 682,658 ​ Long-term debt, net ​ ​ — ​ ​ 1,145,651 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,145,651 ​ Operating lease liabilities ​ ​ — ​ ​ 405,847 ​ ​ 308,974 ​ ​ 49,044 ​ ​ — ​ ​ 763,865 ​ Deferred taxes, net and other liabilities ​ ​ 6,016 ​ ​ 28,441 ​ ​ 28,172 ​ ​ 19,532 ​ ​ (4,200) ​ ​ 77,961 ​ Shareholders' equity ​ ​ 4,563 ​ ​ 177,425 ​ ​ 881,650 ​ ​ 276,345 ​ ​ (1,335,420) ​ ​ 4,563 ​ Total liabilities and shareholders' equity ​ $ 187,169 ​ $ 2,101,971 ​ $ 1,475,309 ​ $ 507,217 ​ $ (1,596,968) ​ $ 2,674,698 ​ ​ ​ 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 February 2, 2019 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 970 ​ $ 1,496 ​ $ 52,965 ​ $ — ​ $ 55,431 ​ Accounts receivable, net ​ ​ — ​ ​ 23,954 ​ ​ 264,884 ​ ​ 82,204 ​ ​ (297,969) ​ ​ 73,073 ​ Inventories ​ ​ — ​ ​ 149,923 ​ ​ 461,153 ​ ​ 219,350 ​ ​ — ​ ​ 830,426 ​ Other current assets ​ ​ — ​ ​ 30,699 ​ ​ 37,969 ​ ​ 7,314 ​ ​ (5,270) ​ ​ 70,712 ​ Total current assets ​ ​ — ​ ​ 205,546 ​ ​ 765,502 ​ ​ 361,833 ​ ​ (303,239) ​ ​ 1,029,642 ​ Property and equipment, net ​ ​ — ​ ​ 194,290 ​ ​ 209,814 ​ ​ 35,068 ​ ​ — ​ ​ 439,172 ​ Rental product, net ​ ​ — ​ ​ 81,809 ​ ​ 3,426 ​ ​ 14,535 ​ ​ — ​ ​ 99,770 ​ Goodwill ​ ​ — ​ ​ 6,160 ​ ​ 52,128 ​ ​ 21,203 ​ ​ — ​ ​ 79,491 ​ Intangible assets, net ​ ​ — ​ ​ — ​ ​ 153,712 ​ ​ 10,189 ​ ​ — ​ ​ 163,901 ​ Investments in subsidiaries ​ ​ 160,057 ​ ​ 1,234,005 ​ ​ — ​ ​ — ​ ​ (1,394,062) ​ ​ — ​ Other assets ​ ​ — ​ ​ 7,590 ​ ​ 665 ​ ​ 5,059 ​ ​ (4,800) ​ ​ 8,514 ​ Total assets ​ $ 160,057 ​ $ 1,729,400 ​ $ 1,185,247 ​ $ 447,887 ​ $ (1,702,101) ​ $ 1,820,490 ​ LIABILITIES AND SHAREHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 142,701 ​ $ 201,799 ​ $ 69,485 ​ $ 112,963 ​ $ (297,969) ​ $ 228,979 ​ Accrued expenses and other current liabilities ​ ​ 6,697 ​ ​ 146,683 ​ ​ 109,654 ​ ​ 40,233 ​ ​ (5,270) ​ ​ 297,997 ​ Current portion of long-term debt ​ ​ — ​ ​ 11,619 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,619 ​ Total current liabilities ​ ​ 149,398 ​ ​ 360,101 ​ ​ 179,139 ​ ​ 153,196 ​ ​ (303,239) ​ ​ 538,595 ​ Long-term debt, net ​ ​ — ​ ​ 1,153,242 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,153,242 ​ Deferred taxes, net and other liabilities ​ ​ 7,028 ​ ​ 56,000 ​ ​ 45,069 ​ ​ 21,725 ​ ​ (4,800) ​ ​ 125,022 ​ Shareholders' equity ​ ​ 3,631 ​ ​ 160,057 ​ ​ 961,039 ​ ​ 272,966 ​ ​ (1,394,062) ​ ​ 3,631 ​ Total liabilities and shareholders' equity ​ $ 160,057 ​ $ 1,729,400 ​ $ 1,185,247 ​ $ 447,887 ​ $ (1,702,101) ​ $ 1,820,490 ​ ​ ​ 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 3, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 422,224 ​ $ 371,325 ​ $ 273,723 ​ $ (277,784) ​ $ 789,488 ​ Cost of sales ​ ​ — ​ ​ 220,362 ​ ​ 288,849 ​ ​ 224,334 ​ ​ (277,784) ​ ​ 455,761 ​ Gross margin ​ ​ — ​ ​ 201,862 ​ ​ 82,476 ​ ​ 49,389 ​ ​ — ​ ​ 333,727 ​ Operating expenses ​ ​ 652 ​ ​ 129,357 ​ ​ 130,373 ​ ​ 42,220 ​ ​ (29,465) ​ ​ 273,137 ​ Operating (loss) income ​ ​ (652) ​ ​ 72,505 ​ ​ (47,897) ​ ​ 7,169 ​ ​ 29,465 ​ ​ 60,590 ​ Other income and expenses, net ​ ​ — ​ ​ — ​ ​ 28,318 ​ ​ 1,147 ​ ​ (29,465) ​ ​ — ​ Interest (expense) income, net ​ ​ (1,084) ​ ​ (18,097) ​ ​ 1,100 ​ ​ (20) ​ ​ — ​ ​ (18,101) ​ (Loss) earnings before income taxes ​ ​ (1,736) ​ ​ 54,408 ​ ​ (18,479) ​ ​ 8,296 ​ ​ — ​ ​ 42,489 ​ (Benefit) provision for income taxes ​ ​ (321) ​ ​ 11,417 ​ ​ (4,254) ​ ​ 1,381 ​ ​ — ​ ​ 8,223 ​ (Loss) earnings before equity in net income of subsidiaries ​ ​ (1,415) ​ ​ 42,991 ​ ​ (14,225) ​ ​ 6,915 ​ ​ — ​ ​ 34,266 ​ Equity in earnings (loss) of subsidiaries ​ ​ 35,681 ​ ​ (7,310) ​ ​ — ​ ​ — ​ ​ (28,371) ​ ​ — ​ Net earnings (loss) ​ $ 34,266 ​ $ 35,681 ​ $ (14,225) ​ $ 6,915 ​ $ (28,371) ​ $ 34,266 ​ Comprehensive income (loss) ​ $ 14,872 ​ $ 22,838 ​ $ (14,225) ​ $ 364 ​ $ (8,977) ​ $ 14,872 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) income, 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Six Months Ended August 3, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 848,347 ​ $ 784,433 ​ $ 450,322 ​ $ (512,227) ​ $ 1,570,875 ​ Cost of sales ​ ​ — ​ ​ 448,433 ​ ​ 615,772 ​ ​ 364,614 ​ ​ (512,227) ​ ​ 916,592 ​ Gross margin ​ ​ — ​ ​ 399,914 ​ ​ 168,661 ​ ​ 85,708 ​ ​ — ​ ​ 654,283 ​ Operating expenses ​ ​ 1,496 ​ ​ 269,003 ​ ​ 265,206 ​ ​ 70,868 ​ ​ (43,182) ​ ​ 563,391 ​ Operating (loss) income ​ ​ (1,496) ​ ​ 130,911 ​ ​ (96,545) ​ ​ 14,840 ​ ​ 43,182 ​ ​ 90,892 ​ Other income and expenses, net ​ ​ — ​ ​ — ​ ​ 42,035 ​ ​ 1,147 ​ ​ (43,182) ​ ​ — ​ Interest (expense) income, net ​ ​ (2,239) ​ ​ (36,576) ​ ​ 2,575 ​ ​ (428) ​ ​ — ​ ​ (36,668) ​ (Loss) earnings before income taxes ​ ​ (3,735) ​ ​ 94,335 ​ ​ (51,935) ​ ​ 15,559 ​ ​ — ​ ​ 54,224 ​ (Benefit) provision for income taxes ​ ​ (787) ​ ​ 19,484 ​ ​ (9,335) ​ ​ 3,454 ​ ​ — ​ ​ 12,816 ​ (Loss) earnings before equity in net income of subsidiaries ​ ​ (2,948) ​ ​ 74,851 ​ ​ (42,600) ​ ​ 12,105 ​ ​ — ​ ​ 41,408 ​ Equity in earnings (loss) of subsidiaries ​ ​ 44,356 ​ ​ (30,495) ​ ​ — ​ ​ — ​ ​ (13,861) ​ ​ — ​ Net earnings (loss) ​ $ 41,408 ​ $ 44,356 ​ $ (42,600) ​ $ 12,105 ​ $ (13,861) ​ $ 41,408 ​ Comprehensive income (loss) ​ $ 14,815 ​ $ 26,332 ​ $ (42,600) ​ $ 3,536 ​ $ 12,732 ​ $ 14,815 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) income, 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 ​ ​ Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended August 3, 2019 (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 ​ $ 18,957 ​ $ 204,479 ​ $ 21,748 ​ $ (193,077) ​ $ (18,784) ​ $ 33,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM INVESTING ACTIVITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ ​ — ​ ​ (13,550) ​ ​ (21,153) ​ ​ (4,389) ​ ​ — ​ ​ (39,092) ​ Intercompany activities ​ ​ — ​ ​ (192,290) ​ ​ — ​ ​ (30,953) ​ ​ 223,243 ​ ​ — ​ Net cash used in investing activities ​ ​ — ​ ​ (205,840) ​ ​ (21,153) ​ ​ (35,342) ​ ​ 223,243 ​ ​ (39,092) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM FINANCING ACTIVITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payments on new term loan ​ ​ — ​ ​ (7,120) ​ ​ — ​ ​ — ​ ​ — ​ ​ (7,120) ​ Proceeds from asset-based revolving credit facility ​ ​ — ​ ​ 673,500 ​ ​ — ​ ​ — ​ ​ — ​ ​ 673,500 ​ Payments on asset-based revolving credit facility ​ ​ — ​ ​ (677,000) ​ ​ — ​ ​ — ​ ​ — ​ ​ (677,000) ​ Intercompany activities ​ ​ — ​ ​ 12,169 ​ ​ — ​ ​ 192,290 ​ ​ (204,459) ​ ​ — ​ Cash dividends paid ​ ​ (18,784) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (18,784) ​ Proceeds from issuance of common stock ​ ​ 879 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 879 ​ Tax payments related to vested deferred stock units ​ ​ (1,052) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1,052) ​ Net cash (used in) provided by financing activities ​ ​ (18,957) ​ ​ 1,549 ​ ​ — ​ ​ 192,290 ​ ​ (204,459) ​ ​ (29,577) ​ Effect of exchange rate changes ​ ​ — ​ ​ — ​ ​ — ​ ​ (609) ​ ​ — ​ ​ (609) ​ Increase (decrease) in cash and cash equivalents ​ ​ — ​ ​ 188 ​ ​ 595 ​ ​ (36,738) ​ ​ — ​ ​ (35,955) ​ Cash and cash equivalents at beginning of period ​ ​ — ​ ​ 970 ​ ​ 1,496 ​ ​ 52,965 ​ ​ — ​ ​ 55,431 ​ Cash and cash equivalents at end of period ​ $ — ​ $ 1,158 ​ $ 2,091 ​ $ 16,227 ​ $ — ​ $ 19,476 ​ ​ ​ 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 ​ ​

Subsequent Event

Subsequent Event	6 Months Ended
	Aug. 03, 2019
Subsequent Event.
SUBSEQUENT EVENT	​ ​ 19. Subsequent Event ​ On August 15, 2019, our Board of Directors approved and on August 16, 2019, we completed the sale of MWUK Limited, our UK corporate apparel operations conducted by Dimensions, Alexandra, and Yaffy to Project Dart Bidco Limited, pursuant to a Share Purchase Agreement entered into on August 16, 2019. In addition, we also completed the sale of Twin Hill Acquisition Company, Inc. (“Twin Hill”), to TH Holding Company, pursuant to a Stock Purchase Agreement entered into on August 16, 2019. The aggregate consideration paid for all of the outstanding equity of MWUK Limited and Twin Hill (collectively, the “corporate apparel business”) was approximately $62 million, subject to certain working capital adjustments. Of the $62 million in total consideration, approximately $56 million was received upon closing and approximately $6 million is deferred to the first quarter of fiscal 2020. After consideration of initial working capital adjustments, we currently expect to record a pre-tax loss on disposition of the corporate apparel business in the range of $75 million to $85 million during the third quarter of fiscal 2019. ​ We reviewed the relevant authoritative guidance and determined that the corporate apparel business did not meet the held for sale criteria as of the end of the second quarter of 2019. Also, we determined that the sale of the corporate apparel business does represent a strategic shift that will have a major effect on our results of operations and, as a result, we expect to present the disposal as discontinued operations in our financial statements beginning in the third quarter of 2019. ​ The following table provides details on the assets and liabilities of our corporate apparel business as of August 3, 2019 (in thousands): ​ ​ ​ ​ ​ August 3, ​ ​ 2019 ​ ASSETS ​ ​ ​ Cash and cash equivalents $ 8,255 ​ Accounts receivable, net ​ 33,485 ​ Inventories ​ 99,506 ​ Other current assets ​ 3,234 ​ Property and equipment, net ​ 13,973 ​ Other assets ​ 18,399 ​ Total assets $ 176,852 ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ Accounts payable $ 16,267 ​ Accrued expenses and other current liabilities ​ 11,383 ​ Other liabilities ​ 15,706 ​ Total liabilities $ 43,356 ​ ​

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 03, 2019
Significant Accounting Policies
Basis of Presentation	Basis of Presentation — ​ 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 2, 2019. ​ 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 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 Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted ​ In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-15, Intangibles-Goodwill and Other-Internal Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 03, 2019
Earnings Per Share
Computation of basic and diluted earnings per common share	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 3, ​ August 4, ​ August 3, ​ August 4, ​ ​ 2019 2018 2019 2018 Numerator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net earnings ​ $ 34,266 ​ $ 49,238 ​ $ 41,408 ​ $ 63,147 ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted-average common shares outstanding ​ 50,547 ​ 49,840 ​ 50,414 ​ 49,649 ​ Dilutive effect of share-based awards ​ 77 ​ 1,011 ​ 192 ​ 1,136 ​ Diluted weighted-average common shares outstanding ​ 50,624 ​ 50,851 ​ 50,606 ​ 50,785 ​ Net earnings per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.68 ​ $ 0.99 ​ $ 0.82 ​ $ 1.27 ​ Diluted ​ $ 0.68 ​ $ 0.97 ​ $ 0.82 ​ $ 1.24 ​

Debt (Tables)

Debt (Tables)	6 Months Ended
	Aug. 03, 2019
Debt
Schedule of long-term debt	The following table provides details on our long-term debt as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Term Loan (net of unamortized OID of $0.0 million at August 3, 2019, $4.3 million at August 4, 2018, and $0.0 million at February 2, 2019) ​ $ 883,880 ​ $ 891,210 ​ $ 891,000 ​ Senior Notes ​ 228,607 ​ 228,607 ​ 228,607 ​ ABL Facility ​ 45,000 ​ 104,500 ​ 48,500 ​ Less: Deferred financing costs related to the Term Loan and Senior Notes ​ (2,836) ​ (7,940) ​ (3,246) ​ Total long-term debt, net ​ 1,154,651 ​ 1,216,377 ​ 1,164,861 ​ Current portion of long-term debt ​ (9,000) ​ (9,000) ​ (11,619) ​ Total long-term debt, net of current portion ​ $ 1,145,651 ​ $ 1,207,377 ​ $ 1,153,242 ​ ​

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Aug. 03, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Schedule of disaggregation of revenue	The following table depicts the disaggregation of revenue by major source (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ August 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Men's tailored clothing product ​ $ 332,476 ​ $ 356,504 ​ $ 675,431 ​ $ 712,241 ​ Men's non-tailored clothing product ​ 228,761 ​ 229,105 ​ 457,743 ​ 464,711 ​ Women's clothing product ​ ​ 16,964 ​ ​ 17,447 ​ ​ 36,178 ​ ​ 37,029 ​ Other (1) ​ 2,699 ​ 2,732 ​ 6,327 ​ 5,451 ​ Total retail clothing product ​ 580,900 ​ 605,788 ​ 1,175,679 ​ 1,219,432 ​ Rental services ​ 120,329 ​ 125,095 ​ 214,069 ​ 225,322 ​ Alteration services ​ 34,916 ​ 37,031 ​ 71,059 ​ 75,452 ​ Retail dry cleaning services (2) ​ — ​ — ​ — ​ 2,551 ​ Total alteration and other services ​ 34,916 ​ 37,031 ​ 71,059 ​ 78,003 ​ Total retail sales ​ ​ 736,145 ​ ​ 767,914 ​ ​ 1,460,807 ​ ​ 1,522,757 ​ Corporate apparel clothing product ​ 53,343 ​ 55,516 ​ 110,068 ​ 118,637 ​ Total net sales ​ $ 789,488 ​ $ 823,430 ​ $ 1,570,875 ​ $ 1,641,394 ​ (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 2, 2019 (Decrease) August 3, 2019 ​ Contract liabilities ​ $ 122,828 ​ $ 20,442 ​ $ 143,270 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at ​ Increase ​ Balance at ​ ​ February 3, 2018 (Decrease) August 4, 2018 ​ ​ ​ As Adjusted ​ ​ ​ ​ ​ ​ ​ Contract liabilities ​ $ 141,552 ​ $ 21,858 ​ $ 163,410 ​ ​
Cumulative adjustment upon ASC 606 adoption (see Note 5)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Schedule of cumulative effect of changes in adoption of ASU 606	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 ASC 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) ​

Supplemental Cash Flows (Tables

Supplemental Cash Flows (Tables)	6 Months Ended
	Aug. 03, 2019
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 3, ​ August 4, ​ 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for interest $ 35,764 $ 41,481 ​ Cash paid for income taxes, net $ 25,520 $ 15,664 ​ ​

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 03, 2019
Inventories
Schedule of inventories	The following table provides details on our inventories as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Finished goods ​ $ 678,955 ​ $ 675,405 ​ $ 682,610 ​ Raw materials and merchandise components ​ 167,997 ​ 111,105 ​ 147,816 ​ Total inventories ​ $ 846,952 ​ $ 786,510 ​ $ 830,426 ​ ​

Other Current Assets, Accrued_2

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities (Tables)	6 Months Ended
	Aug. 03, 2019
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 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, ​ August 4, ​ February 2, ​ ​ 2019 2018 2019 Prepaid expenses ​ $ 41,032 ​ $ 57,197 ​ $ 56,361 ​ Tax receivable ​ ​ 11,404 ​ ​ 17,401 ​ ​ 584 ​ Other ​ 11,446 ​ 12,893 ​ 13,767 ​ Total other current assets ​ $ 63,882 ​ $ 87,491 ​ $ 70,712 ​
Accrued expenses and other current liabilities	The following table provides details on our accrued expenses and other current liabilities as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, February 2, ​ ​ 2019 ​ 2018 ​ 2019 ​ Customer deposits, prepayments and refunds payable ​ $ 65,280 ​ $ 66,261 ​ $ 40,620 ​ Accrued salary, bonus, sabbatical, vacation and other benefits ​ ​ 61,946 ​ ​ 69,839 ​ ​ 81,503 ​ Loyalty program liabilities ​ 44,273 ​ 63,295 ​ 44,434 ​ Sales, value added, payroll, property and other taxes payable ​ ​ 28,144 ​ ​ 24,197 ​ ​ 25,547 ​ Unredeemed gift cards ​ ​ 26,438 ​ ​ 28,152 ​ ​ 32,178 ​ Accrued workers compensation and medical costs ​ 23,266 ​ 26,146 ​ 23,974 ​ Accrued dividends ​ 10,046 ​ 10,918 ​ 10,480 ​ Unrealized loss on interest rate swaps ​ ​ 5,304 ​ ​ 1,735 ​ ​ 1,625 ​ Accrued interest ​ 2,011 ​ 2,379 ​ 1,828 ​ Accrued royalties ​ ​ 1,532 ​ ​ 1,398 ​ ​ 1,286 ​ Other ​ 21,570 ​ 18,999 ​ 18,554 ​ Total accrued expenses and other current liabilities ​ $ 289,810 ​ $ 313,319 ​ $ 282,029 ​
Deferred taxes, net and other liabilities	The following table provides details on our deferred taxes, net and other liabilities as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Deferred and other income tax liabilities, net ​ $ 49,846 ​ $ 80,413 ​ $ 53,479 ​ Unrealized loss on interest rate swaps ​ ​ 24,949 ​ ​ — ​ ​ 7,605 ​ Deferred rent and landlord incentives ​ ​ — ​ ​ 58,801 ​ ​ 57,505 ​ Unfavorable lease liabilities ​ ​ — ​ ​ 2,357 ​ ​ 1,797 ​ Other ​ 3,166 ​ 4,913 ​ 4,636 ​ Total deferred taxes, net and other liabilities ​ $ 77,961 ​ $ 146,484 ​ $ 125,022 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Aug. 03, 2019
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 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Currency ​ Cash Flow ​ Pension ​ ​ ​ ​ Translation Hedges Plan Total BALANCE— February 2, 2019 ​ $ (29,820) ​ $ (4,314) ​ $ 155 ​ $ (33,979) ​ Other comprehensive loss before reclassifications ​ (8,914) ​ ​ (22,841) ​ ​ — ​ (31,755) ​ Amounts reclassified from accumulated other comprehensive loss ​ — ​ ​ (721) ​ ​ — ​ (721) ​ Tax effect ​ ​ — ​ ​ 5,883 ​ ​ — ​ ​ 5,883 ​ Net current-period other comprehensive loss ​ (8,914) ​ (17,679) ​ ​ — ​ (26,593) ​ BALANCE— August 3, 2019 ​ $ (38,734) ​ $ (21,993) ​ $ 155 ​ $ (60,572) ​ ​ The following table summarizes the components of accumulated other comprehensive (loss) income for the six months ended August 4, 2018 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ 3,395 ​ — ​ (18,572) ​ Amounts reclassified from accumulated other comprehensive income ​ — ​ 1,684 ​ — ​ 1,684 ​ Tax effect ​ ​ — ​ ​ (1,110) ​ ​ — ​ ​ (1,110) ​ Net current-period other comprehensive (loss) income ​ (21,967) ​ 3,969 ​ — ​ (17,998) ​ BALANCE— August 4, 2018 $ (33,083) $ 4,114 $ 189 $ (28,780) ​ ​

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	6 Months Ended
	Aug. 03, 2019
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 2, 2019 ​ 939,086 336,906 ​ $ 22.60 ​ $ 18.59 ​ Granted 162,162 — ​ 5.55 ​ — ​ Vested (1) (416,566) (28,686) ​ 21.81 ​ 17.43 ​ Forfeited (100,902) (43,704) ​ 22.44 ​ 18.30 ​ Non-Vested at August 3, 2019 583,780 264,516 ​ $ 18.45 ​ $ 18.77 ​ (1) Includes 137,694 shares relinquished for tax payments related to vested DSUs for the six months ended August 3, 2019.
Stock Options
Summary of activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Number of ​ Average ​ ​ Shares Exercise Price Outstanding at February 2, 2019 1,252,072 ​ $ 23.64 ​ Granted 3,050,974 ​ 7.61 ​ Exercised — ​ — ​ Forfeited (171,812) ​ 11.02 ​ Expired (43,268) ​ 28.28 ​ Outstanding at August 3, 2019 4,087,966 ​ $ 12.16 Exercisable at August 3, 2019 912,456 ​ $ 24.91
Stock Appreciation Rights ("SARs")
Summary of activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ Number of ​ Average ​ ​ Shares Exercise Price Outstanding at February 2, 2019 — ​ $ — ​ Granted 414,476 ​ 7.62 ​ Exercised — ​ — ​ Forfeited — ​ — ​ Expired — ​ — ​ Outstanding at August 3, 2019 414,476 ​ $ 7.62 Exercisable at August 3, 2019 — ​ $ —
Weighted-average assumptions used to calculate fair value of stock options	​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ ​ ​ August 3, ​ ​ 2019 Risk-free interest rate ​ 2.39% ​ Expected lives 5.0 years ​ Dividend yield 4.34% ​ Expected volatility 62.32% ​
Cash Settled Awards
Summary of share-based compensation of cash settled awards	The following table summarizes the activity of cash settled awards, based on their initial grant date values, for the six months ended August 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ Cash Settled Awards Non-Vested at February 2, 2019 $ 5,072 Granted ​ 4,255 Vested ​ (2,350) Forfeited ​ (514) Non-Vested at August 3, 2019 $ 6,463

Leases (Tables)

Leases (Tables)	6 Months Ended
	Aug. 03, 2019
Leases
Summary of components of lease cost	The components of lease cost are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ August 3, 2019 ​ August 3, 2019 Operating lease cost ​ $ 63,326 ​ $ 126,230 Variable lease cost ​ ​ 18,397 ​ ​ 37,658 Total lease cost ​ $ 81,723 ​ $ 163,888
Summary of supplemental balance sheet information related to leases	Supplemental balance sheet information related to operating leases consists of the following (in thousands): ​ ​ ​ ​ ​ August 3, 2019 Operating lease right-of-use assets $ 918,541 ​ ​ ​ Current portion of operating lease liabilities $ 185,800 Noncurrent portion operating lease liabilities ​ 763,865 Total operating lease liabilities $ 949,665 ​
Summary of lease term and discount rate	Lease term and discount rate for operating leases were as follows: ​ ​ ​ ​ ​ ​ August 3, 2019 Weighted average remaining lease term ​ 4.4 years Weighted average discount rate ​ 5.26%
Summary of supplemental disclosures of cash flow information	​ Supplemental disclosures of cash flow information consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended ​ ​ August 3, 2019 Cash paid for operating leases ​ $ 127,844 Operating lease assets obtained in exchange for operating lease liabilities ​ $ 1,017,124 ​
Summary of the undiscounted annual future minimum lease payments	The following table summarizes the undiscounted annual future minimum lease payments, as of August 3, 2019, for each of the next five years and in the aggregate (in thousands): ​ ​ ​ ​ ​ Operating Leases Year 1 $ 234,651 Year 2 ​ 242,446 Year 3 ​ 204,721 Year 4 ​ 159,609 Year 5 ​ 114,716 Thereafter ​ 149,230 Total lease payments $ 1,105,373 Less: Interest ​ (155,708) Present value of lease liabilities $ 949,665
Minimum future rental payments under non-cancelable operating leases	As previously disclosed in our 2018 Annual Report on Form 10-K and under the accounting standards then in effect, minimum future rental payments under non-cancelable leases as of February 2, 2019 for each of the next five years and in the aggregate are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year ​ Operating Leases ​ 2019 ​ $ 239,711 ​ 2020 ​ 209,596 ​ 2021 ​ 175,962 ​ 2022 ​ 134,208 ​ 2023 ​ 88,187 ​ Thereafter ​ 141,084 ​ Total lease payments ​ $ 988,748 ​ ​
Cumulative adjustment upon ASC 842 adoption (see Note 12)
Leases
Summary of cumulative effect of the changes made to our February 2, 2019 balance sheet	The following table depicts the cumulative effect of the changes made to our February 2, 2019 balance sheet for the adoption of ASC 842 effective on February 3, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reported ​ ​ ​ Adjusted ​ ​ Balance at ​ Impact of ​ Balance at ​ ​ February 2, ​ Adoption of ​ February 3, ​ 2019 ASC 842 2019 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Other current assets ​ $ 70,712 ​ $ (20,754) ​ $ 49,958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ — ​ ​ 896,270 ​ ​ 896,270 Intangible assets, net ​ ​ 163,901 ​ ​ (6,682) ​ ​ 157,219 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued expenses and other current liabilities ​ ​ 282,029 ​ ​ (151) ​ ​ 281,878 Current portion of operating lease liabilities ​ ​ — ​ ​ 183,726 ​ ​ 183,726 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Noncurrent Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ — ​ ​ 745,116 ​ ​ 745,116 Deferred taxes, net and other liabilities ​ ​ 125,022 ​ ​ (59,455) ​ ​ 65,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated deficit ​ ​ (468,048) ​ ​ (402) ​ ​ (468,450) ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Aug. 03, 2019
GOODWILL AND INTANGIBLE ASSETS
Changes in the net carrying amount of goodwill	Changes in the net carrying amount of goodwill, all of which relates to our retail segment, for the six months ended August 3, 2019 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Balance at February 2, 2019 ​ $ 79,491 ​ Translation adjustment ​ (208) ​ Balance at August 3, 2019 ​ $ 79,283 ​
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 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks, tradenames and franchise agreements ​ $ 15,887 ​ $ 16,055 ​ $ 16,067 ​ Favorable leases ​ ​ — ​ ​ 12,876 ​ ​ 11,844 ​ Customer relationships ​ 24,645 ​ 26,415 ​ 26,553 ​ Total carrying amount ​ 40,532 ​ 55,346 ​ 54,464 ​ Accumulated amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks, tradenames and franchise agreements ​ (10,871) ​ (10,634) ​ (10,796) ​ Favorable leases ​ ​ — ​ ​ (5,420) ​ ​ (5,162) ​ Customer relationships ​ (18,523) ​ (17,652) ​ (18,851) ​ Total accumulated amortization ​ (29,394) ​ (33,706) ​ (34,809) ​ Total amortizable intangible assets, net ​ 11,138 ​ 21,640 ​ 19,655 ​ Indefinite-lived intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trademarks and tradename ​ 144,171 ​ 144,241 ​ 144,246 ​ Total intangible assets, net ​ $ 155,309 ​ $ 165,881 ​ $ 163,901 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 03, 2019
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 3, 2019— ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 2,787 ​ $ — ​ $ 2,787 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 30,717 ​ $ — ​ $ 30,717 ​ August 4, 2018— ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 8,240 ​ $ — ​ $ 8,240 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 1,932 ​ $ — ​ $ 1,932 ​ February 2, 2019— ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 3,074 ​ $ — ​ $ 3,074 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ $ — ​ $ 9,307 ​ $ — ​ $ 9,307 ​
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 3, 2019 ​ August 4, 2018 ​ February 2, 2019 ​ ​ ​ 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 ​ $ 1,109,651 ​ $ 996,169 ​ $ 1,111,877 ​ $ 1,133,454 ​ $ 1,116,361 ​ $ 1,120,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The carrying value of the Term Loan and Senior Notes, including current portion is net of deferred financing costs of $2.8 million, $7.9 million and $3.2 million as of August 3, 2019, August 4, 2018 and February 2, 2019, respectively. ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Aug. 03, 2019
Derivative Financial Instruments
Schedule of derivative instruments recorded in the condensed consolidated balance sheets	The following table provides details on our derivative instruments recorded in the condensed consolidated balance sheets as of August 3, 2019, August 4, 2018 and February 2, 2019 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, 2019 ​ August 4, 2018 ​ February 2, 2019 ​ ​ ​ Balance ​ Estimated ​ Balance ​ Estimated ​ Balance ​ Estimated ​ ​ Sheet Location Fair Value Sheet Location Fair Value Sheet Location Fair Value Interest rate contracts ​ Other current assets ​ $ — ​ Other current assets ​ $ 1,478 ​ Other current assets ​ $ 1,610 ​ Interest rate contracts ​ Other assets ​ ​ — ​ Other assets ​ ​ 5,430 ​ Other assets ​ ​ 1,355 ​ Foreign exchange contracts ​ Other current assets ​ ​ 2,787 ​ Other current assets ​ ​ 1,332 ​ Other current assets ​ ​ 109 ​ Total assets ​ ​ ​ ​ $ 2,787 ​ ​ ​ ​ $ 8,240 ​ ​ ​ ​ $ 3,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ Accrued expenses and other current liabilities ​ $ 5,304 ​ Accrued expenses and other current liabilities ​ $ 1,735 ​ Accrued expenses and other current liabilities ​ $ 1,625 ​ Interest rate contracts ​ Deferred taxes, net and other liabilities ​ ​ 24,949 ​ Deferred taxes, net and other liabilities ​ ​ — ​ Deferred taxes, net and other liabilities ​ ​ 7,605 ​ Foreign exchange contracts ​ Accrued expenses and other current liabilities ​ ​ 464 ​ Accrued expenses and other current liabilities ​ ​ 197 ​ Accrued expenses and other current liabilities ​ ​ 77 ​ Total liabilities ​ ​ ​ ​ $ 30,717 ​ ​ ​ ​ $ 1,932 ​ ​ ​ ​ $ 9,307 ​
Schedule of derivative instruments recorded in the condensed consolidated statements of earnings and comprehensive income (loss)	The following table provides details on our derivative instruments recorded in the condensed consolidated statements of earnings and comprehensive (loss) income for the three and six months ended August 3, 2019 and August 4, 2018 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax ​ Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings ​ ​ For the Three Months Ended ​ ​ For the Three Months Ended ​ August 3, 2019 August 4, 2018 ​ ​ August 3, 2019 August 4, 2018 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ $ (12,943) ​ $ (255) ​ Interest expense $ 99 ​ $ 153 Foreign exchange contracts ​ ​ 955 ​ ​ 798 ​ Cost of sales ​ (176) ​ ​ 473 Total ​ $ (11,988) ​ $ 543 ​ ​ $ (77) ​ $ 626 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain/(Loss) Recognized in Other Comprehensive Loss, net of tax ​ Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings ​ ​ For the Six Months Ended ​ ​ For the Six Months Ended ​ August 3, 2019 August 4, 2018 ​ ​ August 3, 2019 August 4, 2018 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate contracts ​ $ (18,138) ​ $ 785 ​ Interest expense $ 113 ​ $ 307 Foreign exchange contracts ​ ​ 1,052 ​ ​ 1,845 ​ Cost of sales ​ (706) ​ ​ 1,032 Total ​ $ (17,086) ​ $ 2,630 ​ ​ $ (593) ​ $ 1,339 ​

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Aug. 03, 2019
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 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ Men's Wearhouse (1) ​ $ 423,504 ​ $ 445,197 ​ $ 851,276 ​ $ 893,006 ​ Jos. A. Bank ​ ​ 166,065 ​ ​ 172,427 ​ ​ 332,951 ​ ​ 341,503 ​ K&G ​ 82,689 ​ 83,645 ​ 170,386 ​ 172,925 ​ Moores ​ 63,887 ​ 66,645 ​ 106,194 ​ 112,772 ​ MW Cleaners (2) ​ — ​ — ​ — ​ 2,551 ​ Total retail segment ​ 736,145 ​ 767,914 ​ 1,460,807 ​ 1,522,757 ​ Total corporate apparel segment ​ 53,343 ​ 55,516 ​ 110,068 ​ 118,637 ​ Total net sales ​ $ 789,488 ​ $ 823,430 ​ $ 1,570,875 ​ $ 1,641,394 ​ (1) Consists of Men's Wearhouse, Men's Wearhouse and Tux 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 3, 2019 August 4, 2018 August 3, 2019 August 4, 2018 Operating income: ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail ​ $ 109,347 ​ $ 134,142 ​ $ 187,538 ​ $ 232,863 ​ Corporate apparel ​ 1,147 ​ 1,169 ​ 1,727 ​ 2,752 ​ Shared service expense ​ ​ (49,904) ​ ​ (47,325) ​ ​ (98,373) ​ ​ (94,732) ​ Operating income ​ 60,590 ​ 87,986 ​ 90,892 ​ 140,883 ​ Interest income ​ 157 ​ 122 ​ 253 ​ 207 ​ Interest expense ​ (18,258) ​ (20,864) ​ (36,921) ​ (42,845) ​ Loss on extinguishment of debt, net ​ ​ — ​ ​ (8,122) ​ ​ — ​ ​ (20,833) ​ Earnings before income taxes ​ $ 42,489 ​ $ 59,122 ​ $ 54,224 ​ $ 77,412 ​
Total assets by reportable segment and shared services	Total assets by reportable segment and shared services are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 3, August 4, ​ February 2, ​ ​ 2019 2018 2019 Segment assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retail ​ $ 2,182,982 ​ $ 1,344,618 ​ $ 1,375,902 ​ Corporate apparel ​ 167,705 ​ 186,285 ​ 175,488 ​ Shared services (1) ​ 324,011 ​ 297,928 ​ 269,100 ​ Total assets (2) ​ $ 2,674,698 ​ $ 1,828,831 ​ $ 1,820,490 ​ (1) Shared service assets consist primarily of cash and cash equivalents, assets related to our distribution network and tax-related assets. (2) The increase in total assets, as of August 3, 2019, is related to the recognition of operating lease right-of-use assets resulting from the adoption of ASC 842, effective February 3, 2019. Please see Note 12 for additional information.

Condensed Consolidating Infor_2

Condensed Consolidating Information (Tables)	6 Months Ended
	Aug. 03, 2019
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Condensed Consolidating Balance Sheet	Tailored Brands, Inc. Condensed Consolidating Balance Sheet August 3, 2019 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 1,158 ​ $ 2,091 ​ $ 16,227 ​ $ — ​ $ 19,476 ​ Accounts receivable, net ​ ​ — ​ ​ 23,397 ​ ​ 174,552 ​ ​ 74,042 ​ ​ (206,815) ​ ​ 65,176 ​ Inventories ​ ​ — ​ ​ 130,301 ​ ​ 485,873 ​ ​ 230,778 ​ ​ — ​ ​ 846,952 ​ Other current assets ​ ​ 9,744 ​ ​ 31,154 ​ ​ 27,632 ​ ​ 45,885 ​ ​ (50,533) ​ ​ 63,882 ​ Total current assets ​ ​ 9,744 ​ ​ 186,010 ​ ​ 690,148 ​ ​ 366,932 ​ ​ (257,348) ​ ​ 995,486 ​ Property and equipment, net ​ ​ — ​ ​ 185,823 ​ ​ 201,464 ​ ​ 33,901 ​ ​ — ​ ​ 421,188 ​ Operating lease right-of-use assets ​ ​ — ​ ​ 479,760 ​ ​ 376,922 ​ ​ 61,859 ​ ​ — ​ ​ 918,541 ​ Rental product, net ​ ​ — ​ ​ 80,973 ​ ​ 7,225 ​ ​ 10,887 ​ ​ — ​ ​ 99,085 ​ Goodwill ​ ​ — ​ ​ 6,160 ​ ​ 52,128 ​ ​ 20,995 ​ ​ — ​ ​ 79,283 ​ Intangible assets, net ​ ​ — ​ ​ — ​ ​ 146,937 ​ ​ 8,372 ​ ​ — ​ ​ 155,309 ​ Investments in subsidiaries ​ ​ 177,425 ​ ​ 1,157,995 ​ ​ — ​ ​ — ​ ​ (1,335,420) ​ ​ — ​ Other assets ​ ​ — ​ ​ 5,250 ​ ​ 485 ​ ​ 4,271 ​ ​ (4,200) ​ ​ 5,806 ​ Total assets ​ $ 187,169 ​ $ 2,101,971 ​ $ 1,475,309 ​ $ 507,217 ​ $ (1,596,968) ​ $ 2,674,698 ​ LIABILITIES AND SHAREHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 165,067 ​ $ 79,695 ​ $ 59,303 ​ $ 90,696 ​ $ (206,815) ​ $ 187,946 ​ Accrued expenses and other current liabilities ​ ​ 11,523 ​ ​ 157,294 ​ ​ 123,864 ​ ​ 57,764 ​ ​ (50,533) ​ ​ 299,912 ​ Current portion of operating lease liabilities ​ ​ — ​ ​ 98,618 ​ ​ 73,346 ​ ​ 13,836 ​ ​ — ​ ​ 185,800 ​ Current portion of long-term debt ​ ​ — ​ ​ 9,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,000 ​ Total current liabilities ​ ​ 176,590 ​ ​ 344,607 ​ ​ 256,513 ​ ​ 162,296 ​ ​ (257,348) ​ ​ 682,658 ​ Long-term debt, net ​ ​ — ​ ​ 1,145,651 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,145,651 ​ Operating lease liabilities ​ ​ — ​ ​ 405,847 ​ ​ 308,974 ​ ​ 49,044 ​ ​ — ​ ​ 763,865 ​ Deferred taxes, net and other liabilities ​ ​ 6,016 ​ ​ 28,441 ​ ​ 28,172 ​ ​ 19,532 ​ ​ (4,200) ​ ​ 77,961 ​ Shareholders' equity ​ ​ 4,563 ​ ​ 177,425 ​ ​ 881,650 ​ ​ 276,345 ​ ​ (1,335,420) ​ ​ 4,563 ​ Total liabilities and shareholders' equity ​ $ 187,169 ​ $ 2,101,971 ​ $ 1,475,309 ​ $ 507,217 ​ $ (1,596,968) ​ $ 2,674,698 ​ ​ ​ 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 February 2, 2019 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT ASSETS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ — ​ $ 970 ​ $ 1,496 ​ $ 52,965 ​ $ — ​ $ 55,431 ​ Accounts receivable, net ​ ​ — ​ ​ 23,954 ​ ​ 264,884 ​ ​ 82,204 ​ ​ (297,969) ​ ​ 73,073 ​ Inventories ​ ​ — ​ ​ 149,923 ​ ​ 461,153 ​ ​ 219,350 ​ ​ — ​ ​ 830,426 ​ Other current assets ​ ​ — ​ ​ 30,699 ​ ​ 37,969 ​ ​ 7,314 ​ ​ (5,270) ​ ​ 70,712 ​ Total current assets ​ ​ — ​ ​ 205,546 ​ ​ 765,502 ​ ​ 361,833 ​ ​ (303,239) ​ ​ 1,029,642 ​ Property and equipment, net ​ ​ — ​ ​ 194,290 ​ ​ 209,814 ​ ​ 35,068 ​ ​ — ​ ​ 439,172 ​ Rental product, net ​ ​ — ​ ​ 81,809 ​ ​ 3,426 ​ ​ 14,535 ​ ​ — ​ ​ 99,770 ​ Goodwill ​ ​ — ​ ​ 6,160 ​ ​ 52,128 ​ ​ 21,203 ​ ​ — ​ ​ 79,491 ​ Intangible assets, net ​ ​ — ​ ​ — ​ ​ 153,712 ​ ​ 10,189 ​ ​ — ​ ​ 163,901 ​ Investments in subsidiaries ​ ​ 160,057 ​ ​ 1,234,005 ​ ​ — ​ ​ — ​ ​ (1,394,062) ​ ​ — ​ Other assets ​ ​ — ​ ​ 7,590 ​ ​ 665 ​ ​ 5,059 ​ ​ (4,800) ​ ​ 8,514 ​ Total assets ​ $ 160,057 ​ $ 1,729,400 ​ $ 1,185,247 ​ $ 447,887 ​ $ (1,702,101) ​ $ 1,820,490 ​ LIABILITIES AND SHAREHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CURRENT LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 142,701 ​ $ 201,799 ​ $ 69,485 ​ $ 112,963 ​ $ (297,969) ​ $ 228,979 ​ Accrued expenses and other current liabilities ​ ​ 6,697 ​ ​ 146,683 ​ ​ 109,654 ​ ​ 40,233 ​ ​ (5,270) ​ ​ 297,997 ​ Current portion of long-term debt ​ ​ — ​ ​ 11,619 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,619 ​ Total current liabilities ​ ​ 149,398 ​ ​ 360,101 ​ ​ 179,139 ​ ​ 153,196 ​ ​ (303,239) ​ ​ 538,595 ​ Long-term debt, net ​ ​ — ​ ​ 1,153,242 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,153,242 ​ Deferred taxes, net and other liabilities ​ ​ 7,028 ​ ​ 56,000 ​ ​ 45,069 ​ ​ 21,725 ​ ​ (4,800) ​ ​ 125,022 ​ Shareholders' equity ​ ​ 3,631 ​ ​ 160,057 ​ ​ 961,039 ​ ​ 272,966 ​ ​ (1,394,062) ​ ​ 3,631 ​ Total liabilities and shareholders' equity ​ $ 160,057 ​ $ 1,729,400 ​ $ 1,185,247 ​ $ 447,887 ​ $ (1,702,101) ​ $ 1,820,490 ​ ​
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 3, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 422,224 ​ $ 371,325 ​ $ 273,723 ​ $ (277,784) ​ $ 789,488 ​ Cost of sales ​ ​ — ​ ​ 220,362 ​ ​ 288,849 ​ ​ 224,334 ​ ​ (277,784) ​ ​ 455,761 ​ Gross margin ​ ​ — ​ ​ 201,862 ​ ​ 82,476 ​ ​ 49,389 ​ ​ — ​ ​ 333,727 ​ Operating expenses ​ ​ 652 ​ ​ 129,357 ​ ​ 130,373 ​ ​ 42,220 ​ ​ (29,465) ​ ​ 273,137 ​ Operating (loss) income ​ ​ (652) ​ ​ 72,505 ​ ​ (47,897) ​ ​ 7,169 ​ ​ 29,465 ​ ​ 60,590 ​ Other income and expenses, net ​ ​ — ​ ​ — ​ ​ 28,318 ​ ​ 1,147 ​ ​ (29,465) ​ ​ — ​ Interest (expense) income, net ​ ​ (1,084) ​ ​ (18,097) ​ ​ 1,100 ​ ​ (20) ​ ​ — ​ ​ (18,101) ​ (Loss) earnings before income taxes ​ ​ (1,736) ​ ​ 54,408 ​ ​ (18,479) ​ ​ 8,296 ​ ​ — ​ ​ 42,489 ​ (Benefit) provision for income taxes ​ ​ (321) ​ ​ 11,417 ​ ​ (4,254) ​ ​ 1,381 ​ ​ — ​ ​ 8,223 ​ (Loss) earnings before equity in net income of subsidiaries ​ ​ (1,415) ​ ​ 42,991 ​ ​ (14,225) ​ ​ 6,915 ​ ​ — ​ ​ 34,266 ​ Equity in earnings (loss) of subsidiaries ​ ​ 35,681 ​ ​ (7,310) ​ ​ — ​ ​ — ​ ​ (28,371) ​ ​ — ​ Net earnings (loss) ​ $ 34,266 ​ $ 35,681 ​ $ (14,225) ​ $ 6,915 ​ $ (28,371) ​ $ 34,266 ​ Comprehensive income (loss) ​ $ 14,872 ​ $ 22,838 ​ $ (14,225) ​ $ 364 ​ $ (8,977) ​ $ 14,872 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) income, 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tailored ​ The Men’s ​ Guarantor ​ Non-Guarantor ​ ​ ​ ​ ​ ​ ​ ​ Brands, Inc. Wearhouse, Inc. Subsidiaries Subsidiaries Eliminations Consolidated Six Months Ended August 3, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ — ​ $ 848,347 ​ $ 784,433 ​ $ 450,322 ​ $ (512,227) ​ $ 1,570,875 ​ Cost of sales ​ ​ — ​ ​ 448,433 ​ ​ 615,772 ​ ​ 364,614 ​ ​ (512,227) ​ ​ 916,592 ​ Gross margin ​ ​ — ​ ​ 399,914 ​ ​ 168,661 ​ ​ 85,708 ​ ​ — ​ ​ 654,283 ​ Operating expenses ​ ​ 1,496 ​ ​ 269,003 ​ ​ 265,206 ​ ​ 70,868 ​ ​ (43,182) ​ ​ 563,391 ​ Operating (loss) income ​ ​ (1,496) ​ ​ 130,911 ​ ​ (96,545) ​ ​ 14,840 ​ ​ 43,182 ​ ​ 90,892 ​ Other income and expenses, net ​ ​ — ​ ​ — ​ ​ 42,035 ​ ​ 1,147 ​ ​ (43,182) ​ ​ — ​ Interest (expense) income, net ​ ​ (2,239) ​ ​ (36,576) ​ ​ 2,575 ​ ​ (428) ​ ​ — ​ ​ (36,668) ​ (Loss) earnings before income taxes ​ ​ (3,735) ​ ​ 94,335 ​ ​ (51,935) ​ ​ 15,559 ​ ​ — ​ ​ 54,224 ​ (Benefit) provision for income taxes ​ ​ (787) ​ ​ 19,484 ​ ​ (9,335) ​ ​ 3,454 ​ ​ — ​ ​ 12,816 ​ (Loss) earnings before equity in net income of subsidiaries ​ ​ (2,948) ​ ​ 74,851 ​ ​ (42,600) ​ ​ 12,105 ​ ​ — ​ ​ 41,408 ​ Equity in earnings (loss) of subsidiaries ​ ​ 44,356 ​ ​ (30,495) ​ ​ — ​ ​ — ​ ​ (13,861) ​ ​ — ​ Net earnings (loss) ​ $ 41,408 ​ $ 44,356 ​ $ (42,600) ​ $ 12,105 ​ $ (13,861) ​ $ 41,408 ​ Comprehensive income (loss) ​ $ 14,815 ​ $ 26,332 ​ $ (42,600) ​ $ 3,536 ​ $ 12,732 ​ $ 14,815 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) income, 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 ​
Condensed Consolidating Statement of Cash Flows	Tailored Brands, Inc. Condensed Consolidating Statement of Cash Flows For the Six Months Ended August 3, 2019 (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 ​ $ 18,957 ​ $ 204,479 ​ $ 21,748 ​ $ (193,077) ​ $ (18,784) ​ $ 33,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM INVESTING ACTIVITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ ​ — ​ ​ (13,550) ​ ​ (21,153) ​ ​ (4,389) ​ ​ — ​ ​ (39,092) ​ Intercompany activities ​ ​ — ​ ​ (192,290) ​ ​ — ​ ​ (30,953) ​ ​ 223,243 ​ ​ — ​ Net cash used in investing activities ​ ​ — ​ ​ (205,840) ​ ​ (21,153) ​ ​ (35,342) ​ ​ 223,243 ​ ​ (39,092) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM FINANCING ACTIVITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payments on new term loan ​ ​ — ​ ​ (7,120) ​ ​ — ​ ​ — ​ ​ — ​ ​ (7,120) ​ Proceeds from asset-based revolving credit facility ​ ​ — ​ ​ 673,500 ​ ​ — ​ ​ — ​ ​ — ​ ​ 673,500 ​ Payments on asset-based revolving credit facility ​ ​ — ​ ​ (677,000) ​ ​ — ​ ​ — ​ ​ — ​ ​ (677,000) ​ Intercompany activities ​ ​ — ​ ​ 12,169 ​ ​ — ​ ​ 192,290 ​ ​ (204,459) ​ ​ — ​ Cash dividends paid ​ ​ (18,784) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (18,784) ​ Proceeds from issuance of common stock ​ ​ 879 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 879 ​ Tax payments related to vested deferred stock units ​ ​ (1,052) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1,052) ​ Net cash (used in) provided by financing activities ​ ​ (18,957) ​ ​ 1,549 ​ ​ — ​ ​ 192,290 ​ ​ (204,459) ​ ​ (29,577) ​ Effect of exchange rate changes ​ ​ — ​ ​ — ​ ​ — ​ ​ (609) ​ ​ — ​ ​ (609) ​ Increase (decrease) in cash and cash equivalents ​ ​ — ​ ​ 188 ​ ​ 595 ​ ​ (36,738) ​ ​ — ​ ​ (35,955) ​ Cash and cash equivalents at beginning of period ​ ​ — ​ ​ 970 ​ ​ 1,496 ​ ​ 52,965 ​ ​ — ​ ​ 55,431 ​ Cash and cash equivalents at end of period ​ $ — ​ $ 1,158 ​ $ 2,091 ​ $ 16,227 ​ $ — ​ $ 19,476 ​ ​ ​ 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 ​ ​

Subsequent Event (Tables)

Subsequent Event (Tables)	6 Months Ended
	Aug. 03, 2019
Subsequent Event.
Schedule of assets and liabilities of our corporate apparel business	The following table provides details on the assets and liabilities of our corporate apparel business as of August 3, 2019 (in thousands): ​ ​ ​ ​ ​ August 3, ​ ​ 2019 ​ ASSETS ​ ​ ​ Cash and cash equivalents $ 8,255 ​ Accounts receivable, net ​ 33,485 ​ Inventories ​ 99,506 ​ Other current assets ​ 3,234 ​ Property and equipment, net ​ 13,973 ​ Other assets ​ 18,399 ​ Total assets $ 176,852 ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ Accounts payable $ 16,267 ​ Accrued expenses and other current liabilities ​ 11,383 ​ Other liabilities ​ 15,706 ​ Total liabilities $ 43,356 ​ ​

Divestiture of MW Cleaners (Det

Divestiture of MW Cleaners (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	May 05, 2018	Aug. 04, 2018	Feb. 02, 2019	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
Proceeds from divestiture of business	$ 17,700
Loss on divestiture			$ (3,800)
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	$ (3,600)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Numerator
Net earnings (loss)	$ 34,266	$ 49,238	$ 41,408	$ 63,147
Denominator
Basic weighted-average common shares outstanding (in shares)	50,547	49,840	50,414	49,649
Dilutive effect of share-based awards (in shares)	77	1,011	192	1,136
Diluted weighted-average common shares outstanding (in shares)	50,624	50,851	50,606	50,785
Net earnings per common share:
Basic (in dollars per share)	$ 0.68	$ 0.99	$ 0.82	$ 1.27
Diluted (in dollars per share)	$ 0.68	$ 0.97	$ 0.82	$ 1.24

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
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)	4.6	0.7	3.3	0.5

Debt - Summary, Narrative (Deta

Debt - Summary, Narrative (Details) - USD ($) $ in Millions	Feb. 03, 2018	Aug. 03, 2019	Apr. 30, 2018	Oct. 28, 2017	Jan. 31, 2015
Debt
Maximum quarterly dividends on common stock per debt covenants	$ 10	$ 15
Senior Notes
Debt
Aggregate principal amount of debt issued					$ 600
Interest rate (as a percent)					7.00%
Incremental Term Loan Facilities [Member]
Debt
Credit facility		$ 250
2014 Credit Facilities | Original Term Loan
Debt
Aggregate principal amount of debt issued			$ 900		$ 1,100
Unamortized OID					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
	Oct. 31, 2018USD ($)	Apr. 30, 2018USD ($)	Oct. 28, 2017USD ($)	Aug. 04, 2018USD ($)	Aug. 03, 2019USD ($)agreement	Aug. 04, 2018USD ($)	Feb. 02, 2019USD ($)	Jan. 31, 2015USD ($)
Debt
(Loss) gain on extinguishment of debt				$ (8,122)		$ (20,833)
Amended New Term Loan
Debt
Number of interest rate swap agreements | agreement					2
Senior Notes
Debt
Aggregate principal amount of debt issued								$ 600,000
(Loss) gain on extinguishment of debt				(8,100)		(8,900)
Senior Notes | Upon the occurrence of certain specific changes of control
Debt
Redemption price as a percentage of the principal amount of debt					101.00%
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								11,000
2014 Credit Facilities | Original Term Loan | LIBOR
Debt
Margin added to Base rate (as a percent)		3.50%
Floor rate (as a percent)		1.00%
2014 Credit Facilities | Amended New Term Loan | London Interbank Offered Rate One Month Libor [Member]
Debt
Debt Instrument, Description of Variable Rate Basis					1-month LIBOR
Variable interest rate basis					1-month LIBOR
2014 Credit Facilities | Amended ABL Facility | LIBOR
Debt
Margin added to Base rate (as a percent)			1.00%
2014 Credit Facilities | ABL Facility
Debt
Credit facility			$ 550,000					$ 500,000
Variable Rate Interest Rate | Original Term Loan
Debt
Aggregate principal amount of debt issued		$ 593,400
Fixed Rate Interest Rate | Original Term Loan
Debt
Aggregate principal amount of debt issued		$ 400,000
Fixed rate on refinanced amount (as a percent)		5.00%
2018 Credit Facilities | Amended New Term Loan
Debt
Reduction in the interest rate margin	0.25%
Total variable interest rate (as a percent)					5.48%
Deferred financing costs	$ 1,100
Weighted average interest rate (as a percent)					5.73%
2018 Credit Facilities | Amended New Term Loan | LIBOR
Debt
Margin added to Base rate (as a percent)	3.25%				3.25%
Actual LIBOR rate (as a percent)					2.23%
2018 Credit Facilities | Amended New Term Loan | Base Rate
Debt
Margin added to Base rate (as a percent)	2.25%
2018 Credit Facilities | Amended New Term Loan | Interest rate swap
Debt
Notional amount of interest rate swaps					$ 710,000
Percentage of variable interest rate converted to a fixed rate					80.00%
2018 Credit Facilities | New Term Loan
Debt
Aggregate principal amount of debt issued		$ 900,000
Uncommitted borrowings					$ 250,000
Secured leverage ratio					2.5
Amortized percentage					1.00%
(Loss) gain on extinguishment of debt						11,900
Unamortized OID		$ 4,500		$ 4,300	$ 0	$ 4,300	$ 0
2018 Credit Facilities | New Term Loan | LIBOR
Debt
Floor rate (as a percent)					1.00%
2018 Credit Facilities | New Term Loan | Base Rate
Debt
Floor rate (as a percent)					2.00%
Amended ABL Facility [Member] | Amended ABL Facility
Debt
Weighted average interest rate (as a percent)					3.70%
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					$ 45,000
Amended ABL Facility [Member] | Amended ABL Facility | Line of Credit
Debt
Letters of credit issued and outstanding					29,200
Amended ABL Facility [Member] | Amended ABL Facility | LIBOR
Debt
Period for variable rate basis			1 month
Amended ABL Facility [Member] | Amended ABL Facility | Federal funds rate
Debt
Margin added to Base rate (as a percent)			0.50%
Amended ABL Facility [Member] | Amended ABL Facility | Minimum
Debt
Fees on amounts available to be drawn (as a percent)			1.25%
Amended ABL Facility [Member] | Amended 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					100,000
Amended ABL Facility [Member] | ABL Facility
Debt
Borrowings available under credit facility					$ 401,900

Debt - Senior Notes, Narrative

Debt - Senior Notes, Narrative (Details) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 04, 2018USD ($)$ / shares	Aug. 04, 2018USD ($)$ / shares
Debt
(Loss) gain on extinguishment of debt	$ (8,122)	$ (20,833)
Senior Notes
Debt
Partial redemption	$ 175,000	$ 175,000
Redemption price (in dollars per $1000) | $ / shares	$ 1,035,000	$ 1,035,000
Repurchase and retired amount		$ 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. 03, 2019	Feb. 02, 2019	Oct. 31, 2018	Aug. 04, 2018	Apr. 30, 2018	Jan. 31, 2015
Debt
Total long-term debt, net	$ 1,154,651	$ 1,164,861		$ 1,216,377
Current portion of long-term debt	(9,000)	(11,619)		(9,000)
Total long-term debt, net of current portion	1,145,651	1,153,242		1,207,377
Senior Notes
Debt
Long-term debt	228,607	228,607		228,607
Amended ABL Facility
Debt
Long-term debt	45,000	48,500		104,500
Term Loan and Senior Notes
Debt
Less: Deferred financing costs	(2,836)	(3,246)		(7,940)
2014 Credit Facilities | Original Term Loan
Debt
Unamortized OID						$ 11,000
2018 Credit Facilities | Amended New Term Loan
Debt
Long-term debt	883,880	891,000
Less: Deferred financing costs			$ (1,100)
2018 Credit Facilities | New Term Loan
Debt
Unamortized OID	$ 0	$ 0		4,300	$ 4,500
Long-term debt				$ 891,210

Revenue Recognition - Adoption

Revenue Recognition - Adoption of ASC 606 (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018	Feb. 03, 2018
Assets
Accounts receivable, net	$ 65,176	$ 73,073	$ 65,099
Inventories	846,952	830,426	786,510
Other current assets	63,882	70,712	87,491
Liabilities
Accrued expenses and other current liabilities	289,810	282,029	313,319
Deferred taxes, net and other liabilities	77,961	125,022	146,484
Equity:
Accumulated deficit	$ (445,392)	$ (468,048)	$ (470,377)
Cumulative adjustment upon ASC 606 adoption (see Note 5)
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 | Cumulative adjustment upon ASC 606 adoption (see Note 5)
Assets
Accounts receivable, net				(303)
Inventories				(17,837)
Other current assets				2,753
Liabilities
Accrued expenses and other current liabilities				32,378
Deferred taxes, net and other liabilities				(11,941)
Equity:
Accumulated deficit				(35,824)
Reported Balance | Cumulative adjustment upon ASC 606 adoption (see Note 5)
Assets
Accounts receivable, net				79,783
Inventories				851,931
Other current assets				78,252
Liabilities
Accrued expenses and other current liabilities				285,537
Deferred taxes, net and other liabilities				164,191
Equity:
Accumulated deficit				$ (479,166)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Disaggregation of Revenue [Line Items]
Total net sales	$ 789,488	$ 823,430	$ 1,570,875	$ 1,641,394
Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	736,145	767,914	1,460,807	1,522,757
Corporate Apparel Segment
Disaggregation of Revenue [Line Items]
Total net sales	53,343	55,516	110,068	118,637
Rental services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	120,329	125,095	214,069	225,322
Retail clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	580,900	605,788	1,175,679	1,219,432
Men's tailored clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	332,476	356,504	675,431	712,241
Men's non-tailored clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	228,761	229,105	457,743	464,711
Women's clothing product | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	16,964	17,447	36,178	37,029
Other | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	2,699	2,732	6,327	5,451
Total alteration and other services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	34,916	37,031	71,059	78,003
Alteration services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales	$ 34,916	$ 37,031	$ 71,059	75,452
Retail dry cleaning services | Retail Segment
Disaggregation of Revenue [Line Items]
Total net sales				$ 2,551

Revenue Recognition - Other Var

Revenue Recognition - Other Various Policies (Details)	3 Months Ended		6 Months Ended
	Aug. 03, 2019USD ($)$ / shares	Aug. 04, 2018USD ($)$ / shares	Aug. 03, 2019USD ($)item$ / shares	Aug. 04, 2018USD ($)$ / shares	Feb. 02, 2019USD ($)
Loyalty Program
Points equivalency to dollars spent ratio	1		1
Loyalty point threshold | item			500
Amount of rewards certificates			$ 50
Period after which reward certificates earned must be redeemed			6 months
Accrued liability for loyalty program reward certificates	$ 44,273,000	$ 63,295,000	$ 44,273,000	$ 63,295,000	$ 44,434,000
Net of income taxes	$ 34,266,000	$ 49,238,000	$ 41,408,000	$ 63,147,000
Diluted (in dollars per share) | $ / shares	$ 0.68	$ 0.97	$ 0.82	$ 1.24
Sales Returns And Allowances For Goods [Abstract]
Refund liability current	$ 5,300,000		$ 5,300,000
Right to recover	$ 2,700,000		$ 2,700,000

Revenue Recognition - Contract

Revenue Recognition - Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Revenue Recognition
Beginning Balance			$ 122,828	$ 141,552
Increase (Decrease)			20,442	21,858
Ending Balance	$ 143,270	$ 163,410	143,270	163,410
Revenue recognized included in contract liability balance	$ 15,300	$ 62,400	$ 67,500	$ 104,100

Supplemental Cash Flows (Detail

Supplemental Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Supplemental Cash Flows
Cash paid for interest	$ 35,764	$ 41,481
Cash paid for income taxes, net	25,520	15,664
Unpaid capital expenditure purchases
Unpaid capital expenditure purchases	$ 8,400	$ 6,300

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Inventories
Finished goods	$ 678,955	$ 682,610	$ 675,405
Raw materials and merchandise components	167,997	147,816	111,105
Total inventories	$ 846,952	$ 830,426	$ 786,510

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Income Taxes
Effective income tax rate (as a percent)	19.40%	16.70%	23.60%	18.40%
Release of state valuation allowances		$ (3.1)

Other Current Assets, Accrued_3

Other Current Assets, Accrued Expenses and Other Current Liabilities and Deferred Taxes, net and Other Liabilities (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Other current assets
Prepaid expenses	$ 41,032	$ 56,361	$ 57,197
Tax receivable	11,404	584	17,401
Other	11,446	13,767	12,893
Total other current assets	63,882	70,712	87,491
Accrued expenses and other current liabilities
Customer deposits, prepayments and refunds payable	65,280	40,620	66,261
Accrued salary, bonus, sabbatical, vacation and other benefits	61,946	81,503	69,839
Loyalty program liabilities	44,273	44,434	63,295
Sales, value added, payroll, property and other taxes payable	28,144	25,547	24,197
Unredeemed gift cards	26,438	32,178	28,152
Accrued workers compensation and medical costs	23,266	23,974	26,146
Accrued dividends	10,046	10,480	10,918
Unrealized loss on interest rate swaps	5,304	1,625	1,735
Accrued interest	2,011	1,828	2,379
Accrued royalties	1,532	1,286	1,398
Other	21,570	18,554	18,999
Total accrued expenses and other current liabilities	289,810	282,029	313,319
Deferred taxes and other liabilities
Deferred and other income tax liabilities, net	49,846	53,479	80,413
Unrealized loss on interest rate swaps	24,949	7,605
Deferred rent and landlord incentives		57,505	58,801
Unfavorable lease liabilities		1,797	2,357
Other	3,166	4,636	4,913
Total deferred taxes, net and other liabilities	$ 77,961	$ 125,022	$ 146,484

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 04, 2019	May 05, 2018	Aug. 03, 2019	Aug. 04, 2018
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	$ 3,631		$ 3,631
Balance at the end of the period			4,563	$ 11
Accumulated Other Comprehensive Loss
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	(33,979)	$ (10,782)	(33,979)	(10,782)
Other comprehensive (loss) income before reclassifications			(31,755)	(18,572)
Amounts reclassified from accumulated other comprehensive (loss) income	(721)			1,684
Tax effect	5,883	(1,110)
Net current-period other comprehensive (loss) income			(26,593)	(17,998)
Balance at the end of the period			(60,572)	(28,780)
Foreign Currency Translation
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	(29,820)	(11,116)	(29,820)	(11,116)
Other comprehensive (loss) income before reclassifications			(8,914)	(21,967)
Net current-period other comprehensive (loss) income			(8,914)	(21,967)
Balance at the end of the period			(38,734)	(33,083)
Cash Flow Hedges
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	(4,314)	145	(4,314)	145
Other comprehensive (loss) income before reclassifications			(22,841)	3,395
Amounts reclassified from accumulated other comprehensive (loss) income	(721)			1,684
Tax effect	5,883	(1,110)
Net current-period other comprehensive (loss) income			(17,679)	3,969
Balance at the end of the period			(21,993)	4,114
Pension Plan
Change in accumulated other comprehensive (loss) income components
Balance at the beginning of the period	$ 155	$ 189	155	189
Balance at the end of the period			$ 155	$ 189

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Deferred Stock Units, Performance Units and Restricted Stock (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Aug. 03, 2019USD ($)$ / sharesshares
Deferred stock units
Additional information
Shares relinquished for tax withholding	137,694
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards | $	$ 9.5
Compensation recognition period, non-vested awards	1 year 3 months 18 days
Time-Based DSUs
Awards
Non-Vested at the beginning of the period (in shares)	939,086
Granted (in shares)	162,162
Vested (in shares)	(416,566)
Forfeited (in shares)	(100,902)
Non-Vested at the end of the period (in shares)	583,780
Weighted-Average Grant-Date Fair Value
Non-Vested at the beginning of the period (in dollars per share) | $ / shares	$ 22.60
Granted (in dollars per share) | $ / shares	5.55
Vested (in dollars per share) | $ / shares	21.81
Forfeited (in dollars per share) | $ / shares	22.44
Non-Vested at the end of the period (in dollars per share) | $ / shares	$ 18.45
Performance-Based DSUs
Awards
Non-Vested at the beginning of the period (in shares)	336,906
Vested (in shares)	(28,686)
Forfeited (in shares)	(43,704)
Non-Vested at the end of the period (in shares)	264,516
Weighted-Average Grant-Date Fair Value
Non-Vested at the beginning of the period (in dollars per share) | $ / shares	$ 18.59
Vested (in dollars per share) | $ / shares	17.43
Forfeited (in dollars per share) | $ / shares	18.30
Non-Vested at the end of the period (in dollars per share) | $ / shares	$ 18.77

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Stock Options (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Share-based compensation
Share-based compensation expense	$ 2.4	$ 5.5	$ 4.3	$ 11.9
Stock Options
Number of Shares
Outstanding at the beginning of the period (in shares)			1,252,072
Granted (in shares)			3,050,974
Forfeited (in shares)			(171,812)
Expired (in shares)			(43,268)
Outstanding at the end of the period (in shares)	4,087,966		4,087,966
Exercisable at the end of the period (in shares)	912,456		912,456
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)			$ 23.64
Granted (in dollars per share)			7.61
Forfeited (in dollars per share)			11.02
Expired (in dollars per share)			28.28
Outstanding at the end of the period (in dollars per share)	$ 12.16		12.16
Exercisable at the end of the period (in dollars per share)	$ 24.91		24.91
Additional disclosures
Weighted-average grant date fair value of stock options granted (in dollars per share)			$ 3
Unrecognized compensation cost
Compensation recognition period, non-vested awards			1 year 8 months 12 days
Stock Appreciation Rights ("SARs")
Number of Shares
Granted (in shares)			414,476
Outstanding at the end of the period (in shares)	414,476		414,476
Weighted-Average Exercise Price
Granted (in dollars per share)			$ 7.62
Outstanding at the end of the period (in dollars per share)	$ 7.62		7.62
Additional disclosures
Weighted-average grant date fair value of stock options granted (in dollars per share)			$ 3.01
Assumptions used to value stock options
Risk-free interest rate (as a percent)			2.39%
Expected lives (in years)			5 years
Dividend yield (as a percent)			4.34%
Expected volatility (as a percent)			62.32%
Stock Options And Stock Appreciation Rights ("SARs")
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards	$ 10.6		$ 10.6

Share-Based Compensation Plan_4

Share-Based Compensation Plans - Cash Settled Awards (Details) shares in Thousands, $ in Millions	6 Months Ended
	Aug. 03, 2019USD ($)shares
Stock Options
Unrecognized compensation cost
Compensation recognition period, non-vested awards	1 year 8 months 12 days
Stock Appreciation Rights ("SARs")
Share-based compensation
Vesting period (in years)	3 years
Cash Settled Awards
Share-based compensation
Vesting period (in years)	3 years
Liability associated with the cash settled awards | $	$ 1.3
Awards
Non-Vested at the beginning of the period (in shares)	5,072
Granted (in shares)	4,255
Vested (in shares)	(2,350)
Forfeited (in shares)	(514)
Non-Vested at the end of the period (in shares)	6,463
Unrecognized compensation cost
Unrecognized compensation cost, non-vested awards | $	$ 3
Compensation recognition period, non-vested awards	9 months 18 days
Cash Settled Awards | Accrued expenses and other current liabilities
Share-based compensation
Liability associated with the cash settled awards | $	$ 1.2
Cash Settled Awards | Other Liabilities
Share-based compensation
Liability associated with the cash settled awards | $	$ 0.1

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Feb. 03, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Aug. 04, 2018
Practical Expedients [Abstract]
Practical expedients package	true
Practical expedients hindsight	false
Land easement practical expedient	true
Single lease components	true
Assets
Other current assets		$ 63,882		$ 70,712	$ 87,491
Operating lease right-of-use assets		918,541
Intangible assets, net		155,309		163,901	165,881
Current Liabilities:
Accrued expenses and other current liabilities		289,810		282,029	313,319
Current portion of operating lease liabilities		185,800
Noncurrent Liabilities:
Noncurrent portion operating lease liabilities		763,865
Deferred taxes, net and other liabilities		77,961		125,022	146,484
Equity:
Accumulated deficit		(445,392)		(468,048)	$ (470,377)
Adoption Of ASC 842:
Operating lease liabilities		$ 949,665
Cumulative adjustment upon ASC 842 adoption (see Note 12)
Assets
Other current assets	$ 49,958
Operating lease right-of-use assets	896,270
Intangible assets, net	157,219
Current Liabilities:
Accrued expenses and other current liabilities	281,878
Current portion of operating lease liabilities	183,726
Noncurrent Liabilities:
Noncurrent portion operating lease liabilities	745,116
Deferred taxes, net and other liabilities	65,567
Equity:
Accumulated deficit	(468,450)
Adoption Of ASC 842:
Cumulative effect of initially applying ASC 842			$ (402)
Reported Balance | Cumulative adjustment upon ASC 842 adoption (see Note 12)
Assets
Other current assets				70,712
Intangible assets, net				163,901
Current Liabilities:
Accrued expenses and other current liabilities				282,029
Noncurrent Liabilities:
Deferred taxes, net and other liabilities				125,022
Equity:
Accumulated deficit				$ (468,048)
Impact of Adoption | Cumulative adjustment upon ASC 842 adoption (see Note 12)
Assets
Other current assets	(20,754)
Operating lease right-of-use assets	896,270
Intangible assets, net	(6,682)
Current Liabilities:
Accrued expenses and other current liabilities	(151)
Current portion of operating lease liabilities	183,726
Noncurrent Liabilities:
Noncurrent portion operating lease liabilities	745,116
Deferred taxes, net and other liabilities	(59,455)
Equity:
Accumulated deficit	(402)
Adoption Of ASC 842:
Operating lease liabilities	$ 928,800

Leases - Lease Information (Det

Leases - Lease Information (Details)	6 Months Ended
	Aug. 03, 2019
Lessee, Lease, Description [Line Items]
Renewal options	true
Minimum
Lessee, Lease, Description [Line Items]
Initial term	5 years
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Initial term	10 years
Renewal term	10 years

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 03, 2019	Aug. 03, 2019
Components of lease cost
Operating lease cost	$ 63,326	$ 126,230
Variable lease cost	18,397	37,658
Total lease cost	$ 81,723	$ 163,888

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) $ in Thousands	Aug. 03, 2019USD ($)
Supplemental balance sheet information
Operating lease right-of-use assets	$ 918,541
Current portion of operating lease liabilities	185,800
Noncurrent portion operating lease liabilities	763,865
Total operating lease liabilities	$ 949,665

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate and Supplemental Disclosures of Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Aug. 03, 2019USD ($)
Leases
Weighted average remaining lease term	4 years 4 months 24 days
Weighted average discount rate	5.26%
Cash paid for operating leases	$ 127,844
Operating lease assets obtained in exchange for operating lease liabilities	1,017,124
Operating lease liabilities	949,665
Finance lease	$ 0

Leases - Undiscounted Annual Fu

Leases - Undiscounted Annual Future Minimum Lease Payments and Minimum Future Rental Payments (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019
Leases
Year 1	$ 234,651
Year 2	242,446
Year 3	204,721
Year 4	159,609
Year 5	114,716
Thereafter	149,230
Total lease payments	1,105,373
Less: Interest	(155,708)
Present value of lease liabilities	949,665
2019		$ 239,711
2020		209,596
2021		175,962
2022		134,208
2023		88,187
Thereafter		141,084
Total lease payments		$ 988,748
Lease yet to commence operating lease liability	$ 1,100

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	6 Months Ended
	Aug. 03, 2019USD ($)
Changes in the net carrying amount of goodwill
Balance at the beginning of the period	$ 79,491
Translation adjustment	(208)
Balance at the end of the period	$ 79,283

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Amortizable intangible assets:
Carrying amount	$ 40,532	$ 54,464	$ 55,346
Accumulated amortization	(29,394)	(34,809)	(33,706)
Total amortizable intangible assets, net	11,138	19,655	21,640
Indefinite-lived intangible assets:
Trademarks and tradename	144,171	144,246	144,241
Total intangible assets, net	155,309	163,901	165,881
Trademarks, tradenames and franchise agreements
Amortizable intangible assets:
Carrying amount	15,887	16,067	16,055
Accumulated amortization	(10,871)	(10,796)	(10,634)
Favorable leases
Amortizable intangible assets:
Carrying amount		11,844	12,876
Accumulated amortization		(5,162)	(5,420)
Customer relationships
Amortizable intangible assets:
Carrying amount	24,645	26,553	26,415
Accumulated amortization	$ (18,523)	$ (18,851)	$ (17,652)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Intangible asset amortization expense
Pre-tax amortization expense associated with intangible assets	$ 0.6	$ 1	$ 1.2	$ 2
Pre-tax amortization expense estimated for the remainder of fiscal year 2019	1.2		1.2
Pre-tax amortization expense estimated for fiscal year 2020	2.5		2.5
Pre-tax amortization expense estimated for fiscal year 2021	2.5		2.5
Pre-tax amortization expense estimated for fiscal year 2022	1.4		1.4
Pre-tax amortization expense estimated for fiscal year 2023	$ 0.3		$ 0.3

Fair Value Measurements - Recur

Fair Value Measurements - Recurring and Non-Recurring (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Feb. 02, 2019
Liabilities:
Asset impairment charges	$ 184	$ 269
Recurring
Assets:
Derivative financial instruments	2,787	8,240	$ 3,074
Liabilities:
Derivative financial instruments	30,717	1,932	9,307
Recurring | Level 2
Assets:
Derivative financial instruments	2,787	8,240	3,074
Liabilities:
Derivative financial instruments	30,717	1,932	$ 9,307
Selling, general and administrative expenses
Liabilities:
Asset impairment charges	200	300
Cost of sales
Liabilities:
Asset impairment charges	$ 2,900	$ 4,000

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Fair Value of Financial Instruments
Carrying Amount	$ 1,154,651	$ 1,164,861	$ 1,216,377
Deferred financing costs	2,800	3,200	7,900
Reported Value Measurement [Member] | Term Loan and Senior Notes | Level 1 and Level 2
Fair Value of Financial Instruments
Carrying Amount	1,109,651	1,116,361	1,111,877
Estimate of Fair Value Measurement [Member] | Term Loan and Senior Notes | Level 1 and Level 2
Fair Value of Financial Instruments
Estimated Fair Value	$ 996,169	$ 1,120,296	$ 1,133,454

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Aug. 03, 2019	Aug. 03, 2019	Jun. 30, 2018	Apr. 30, 2017
Selling, general and administrative expenses
Derivative Financial Instruments
Unrealized gain	$ 1.3	$ 1.3
Interest rate swap | Designated as hedging instruments
Derivative Financial Instruments
Effective portion of the loss expected to be reclassified from accumulated other comprehensive (loss) income into earnings over the next 12 months		(5.3)
Interest rate swap matures in June 2021
Derivative Financial Instruments
Notional amount	$ 320	$ 320		$ 260
Fixed rate payable (as a percent)	5.31%	5.31%
Applicable margin included in fixed rate (as a percent)		3.25%
Interest rate swap matures in June 2021 | London Interbank Offered Rate One Month Libor [Member]
Derivative Financial Instruments
Debt Instrument, Description of Variable Rate Basis		1
Interest rate swap matures in April 2025
Derivative Financial Instruments
Notional amount	$ 390	$ 390	$ 320
Fixed rate payable (as a percent)	6.18%	6.18%
Applicable margin included in fixed rate (as a percent)		3.25%
Interest rate swap matures in April 2025 | London Interbank Offered Rate One Month Libor [Member]
Derivative Financial Instruments
Debt Instrument, Description of Variable Rate Basis		1
Foreign exchange forward | United Kingdom, Pounds
Derivative Financial Instruments
Notional amount	$ 56	$ 56
Foreign exchange forward | Designated as hedging instruments
Derivative Financial Instruments
Effective portion of the loss expected to be reclassified from accumulated other comprehensive (loss) income into earnings over the next 12 months		2
Foreign exchange forward | Designated as hedging instruments | United Kingdom, Pounds
Derivative Financial Instruments
Notional amount	21.2	21.2
Foreign exchange forward | Designated as hedging instruments | Euro Member Countries, Euro
Derivative Financial Instruments
Notional amount	7.8	7.8
Foreign exchange forward | Not designated as hedging instrument | Canada, Dollars
Derivative Financial Instruments
Notional amount	$ 6.5	$ 6.5

Derivative Financial Instrume_4

Derivative Financial Instruments - Estimated fair value (Details) - Designated as hedging instruments - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Derivative Financial Instruments
Derivative asset	$ 2,787	$ 3,074	$ 8,240
Derivative liability	30,717	9,307	1,932
Other current assets | Interest rate contracts
Derivative Financial Instruments
Interest Rate Cash Flow Hedge Asset at Fair Value		1,610	1,478
Other current assets | Foreign exchange contract
Derivative Financial Instruments
Foreign Currency Fair Value Hedge Asset at Fair Value	2,787	109	1,332
Other assets | Interest rate contracts
Derivative Financial Instruments
Interest Rate Cash Flow Hedge Asset at Fair Value		1,355	5,430
Accrued expenses and other current liabilities | Interest rate contracts
Derivative Financial Instruments
Interest Rate Cash Flow Hedge Liability at Fair Value	5,304	1,625	1,735
Accrued expenses and other current liabilities | Foreign exchange contract
Derivative Financial Instruments
Foreign Currency Fair Value Hedge Liability at Fair Value	464	77	$ 197
Deferred taxes, net and other liabilities | Interest rate contracts
Derivative Financial Instruments
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 24,949	$ 7,605

Derivative Financial Instrume_5

Derivative Financial Instruments - Gain loss on derivatives (Details) - Cash flow hedges. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Derivative Financial Instruments
Other comprehensive (loss) income before reclassifications	$ (11,988)	$ 543	$ (17,086)	$ 2,630
Amounts reclassified from accumulated other comprehensive (loss) income	(77)	626	(593)	1,339
Interest rate contracts | Interest Expense
Derivative Financial Instruments
Other comprehensive (loss) income before reclassifications	(12,943)	(255)	(18,138)	785
Amounts reclassified from accumulated other comprehensive (loss) income	99	153	113	307
Foreign exchange contract | Cost of sales
Derivative Financial Instruments
Other comprehensive (loss) income before reclassifications	955	798	1,052	1,845
Amounts reclassified from accumulated other comprehensive (loss) income	$ (176)	$ 473	$ (706)	$ 1,032

SEGMENT REPORTING - Number of S

SEGMENT REPORTING - Number of Segments (Details)	6 Months Ended
	Aug. 03, 2019segment
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. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Net sales:
Total net sales	$ 789,488	$ 823,430	$ 1,570,875	$ 1,641,394
Retail Segment
Net sales:
Total net sales	736,145	767,914	1,460,807	1,522,757
Retail Segment | Men's Wearhouse
Net sales:
Total net sales	423,504	445,197	851,276	893,006
Retail Segment | Jos. A. Bank
Net sales:
Total net sales	166,065	172,427	332,951	341,503
Retail Segment | K&G
Net sales:
Total net sales	82,689	83,645	170,386	172,925
Retail Segment | Moores
Net sales:
Total net sales	63,887	66,645	106,194	112,772
Retail Segment | MW Cleaners
Net sales:
Total net sales				2,551
Corporate Apparel Segment
Net sales:
Total net sales	$ 53,343	$ 55,516	$ 110,068	$ 118,637

SEGMENT REPORTING - Operating I

SEGMENT REPORTING - Operating Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income (loss)	$ 60,590	$ 87,986	$ 90,892	$ 140,883
Interest income	157	122	253	207
Interest expense	(18,258)	(20,864)	(36,921)	(42,845)
Loss on extinguishment of debt, net		(8,122)		(20,833)
(Loss) earnings before income taxes	42,489	59,122	54,224	77,412
Shared services
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income (loss)	(49,904)	(47,325)	(98,373)	(94,732)
Retail Segment | Reportable segments
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income (loss)	109,347	134,142	187,538	232,863
Corporate Apparel Segment | Reportable segments
Operating income by reportable segment, shared service expense, and the reconciliation to earnings before income taxes
Operating income (loss)	$ 1,147	$ 1,169	$ 1,727	$ 2,752

SEGMENT REPORTING - Assets by S

SEGMENT REPORTING - Assets by Segment (Details) - USD ($) $ in Thousands	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018
Segment reporting
Segment assets	$ 2,674,698	$ 1,820,490	$ 1,828,831
Reportable segments | Retail Segment
Segment reporting
Segment assets	2,182,982	1,375,902	1,344,618
Reportable segments | Corporate Apparel Segment
Segment reporting
Segment assets	167,705	175,488	186,285
Shared services
Segment reporting
Segment assets	$ 324,011	$ 269,100	$ 297,928

CONDENSED CONSOLIDATING INFOR_3

CONDENSED CONSOLIDATING INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Feb. 02, 2019	Aug. 04, 2018	Jan. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 19,476	$ 55,431	$ 68,215
Accounts receivable, net	65,176	73,073	65,099
Inventories	846,952	830,426	786,510
Other current assets	63,882	70,712	87,491
Total current assets	995,486	1,029,642	1,007,315
Property and equipment, net	421,188	439,172	427,107
Operating lease right-of-use assets	918,541
Rental product, net	99,085	99,770	111,345
Goodwill	79,283	79,491	103,686
Intangible assets, net	155,309	163,901	165,881
Other assets	5,806	8,514	13,497
Total assets	2,674,698	1,820,490	1,828,831
CURRENT LIABILITIES:
Accounts payable	187,946	228,979	145,981
Accrued expenses and other current liabilities	299,912	297,997	319,978
Current portion of operating lease liabilities	185,800
Current portion of long-term debt	9,000	11,619	9,000
Total current liabilities	682,658	538,595	474,959
Long-term debt, net	1,145,651	1,153,242	1,207,377
Operating lease liabilities	763,865
Deferred taxes, net and other liabilities	77,961	125,022	146,484
Shareholders' equity	4,563	3,631	11
Total liabilities and shareholders' equity	2,674,698	1,820,490	1,828,831
Eliminations
CURRENT ASSETS:
Accounts receivable, net	(206,815)	(297,969)	(333,695)
Other current assets	(50,533)	(5,270)
Total current assets	(257,348)	(303,239)	(333,695)
Investments in subsidiaries	(1,335,420)	(1,394,062)	(1,518,751)
Other assets	(4,200)	(4,800)	(80,535)
Total assets	(1,596,968)	(1,702,101)	(1,932,981)
CURRENT LIABILITIES:
Accounts payable	(206,815)	(297,969)	(333,695)
Accrued expenses and other current liabilities	(50,533)	(5,270)
Total current liabilities	(257,348)	(303,239)	(333,695)
Deferred taxes, net and other liabilities	(4,200)	(4,800)	(80,535)
Shareholders' equity	(1,335,420)	(1,394,062)	(1,518,751)
Total liabilities and shareholders' equity	(1,596,968)	(1,702,101)	(1,932,981)
Senior Notes
Condensed Consolidating Balance Sheet
Aggregate principal amount of debt issued				$ 600,000
Tailored Brands, Inc. | Reportable Legal Entities
CURRENT ASSETS:
Other current assets	9,744		3,719
Total current assets	9,744		3,719
Investments in subsidiaries	177,425	160,057	141,149
Total assets	187,169	160,057	144,868
CURRENT LIABILITIES:
Accounts payable	165,067	142,701	126,871
Accrued expenses and other current liabilities	11,523	6,697	13,049
Total current liabilities	176,590	149,398	139,920
Deferred taxes, net and other liabilities	6,016	7,028	4,937
Shareholders' equity	4,563	3,631	11
Total liabilities and shareholders' equity	187,169	160,057	144,868
The Men's Wearhouse, Inc. | Reportable Legal Entities
CURRENT ASSETS:
Cash and cash equivalents	1,158	970	2,086
Accounts receivable, net	23,397	23,954	25,994
Inventories	130,301	149,923	162,588
Other current assets	31,154	30,699	18,975
Total current assets	186,010	205,546	209,643
Property and equipment, net	185,823	194,290	191,503
Operating lease right-of-use assets	479,760
Rental product, net	80,973	81,809	91,843
Goodwill	6,160	6,160	6,160
Investments in subsidiaries	1,157,995	1,234,005	1,377,602
Other assets	5,250	7,590	12,290
Total assets	2,101,971	1,729,400	1,889,041
CURRENT LIABILITIES:
Accounts payable	79,695	201,799	237,341
Accrued expenses and other current liabilities	157,294	146,683	146,213
Current portion of operating lease liabilities	98,618
Current portion of long-term debt	9,000	11,619	9,000
Total current liabilities	344,607	360,101	392,554
Long-term debt, net	1,145,651	1,153,242	1,207,377
Operating lease liabilities	405,847
Deferred taxes, net and other liabilities	28,441	56,000	147,961
Shareholders' equity	177,425	160,057	141,149
Total liabilities and shareholders' equity	$ 2,101,971	1,729,400	1,889,041
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	$ 2,091	1,496	2,215
Accounts receivable, net	174,552	264,884	321,918
Inventories	485,873	461,153	434,499
Other current assets	27,632	37,969	53,284
Total current assets	690,148	765,502	811,916
Property and equipment, net	201,464	209,814	201,939
Operating lease right-of-use assets	376,922
Rental product, net	7,225	3,426	4,066
Goodwill	52,128	52,128	53,422
Intangible assets, net	146,937	153,712	154,580
Other assets	485	665	655
Total assets	1,475,309	1,185,247	1,226,578
CURRENT LIABILITIES:
Accounts payable	59,303	69,485	53,847
Accrued expenses and other current liabilities	123,864	109,654	124,928
Current portion of operating lease liabilities	73,346
Total current liabilities	256,513	179,139	178,775
Operating lease liabilities	308,974
Deferred taxes, net and other liabilities	28,172	45,069	47,365
Shareholders' equity	881,650	961,039	1,000,438
Total liabilities and shareholders' equity	1,475,309	1,185,247	1,226,578
Non-Guarantor Subsidiaries | Reportable Legal Entities
CURRENT ASSETS:
Cash and cash equivalents	16,227	52,965	63,914
Accounts receivable, net	74,042	82,204	50,882
Inventories	230,778	219,350	189,423
Other current assets	45,885	7,314	11,513
Total current assets	366,932	361,833	315,732
Property and equipment, net	33,901	35,068	33,665
Operating lease right-of-use assets	61,859
Rental product, net	10,887	14,535	15,436
Goodwill	20,995	21,203	44,104
Intangible assets, net	8,372	10,189	11,301
Other assets	4,271	5,059	81,087
Total assets	507,217	447,887	501,325
CURRENT LIABILITIES:
Accounts payable	90,696	112,963	61,617
Accrued expenses and other current liabilities	57,764	40,233	35,788
Current portion of operating lease liabilities	13,836
Total current liabilities	162,296	153,196	97,405
Operating lease liabilities	49,044
Deferred taxes, net and other liabilities	19,532	21,725	26,756
Shareholders' equity	276,345	272,966	377,164
Total liabilities and shareholders' equity	$ 507,217	$ 447,887	$ 501,325

CONDENSED CONSOLIDATING INFOR_4

CONDENSED CONSOLIDATING INFORMATION - Earnings (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018	Aug. 03, 2019	Aug. 04, 2018
Condensed Consolidating Statement of Earnings (Loss)
Total net sales	$ 789,488	$ 823,430	$ 1,570,875	$ 1,641,394
Total cost of sales	455,761	454,528	916,592	927,268
Total gross margin	333,727	368,902	654,283	714,126
Operating expenses	273,137	280,916	563,391	573,243
Operating income (loss)	60,590	87,986	90,892	140,883
Interest income	157	122	253	207
Interest expense	(18,258)	(20,864)	(36,921)	(42,845)
Interest (expense) income, net	(18,101)	(20,742)	(36,668)	(42,638)
Loss on extinguishment of debt, net		(8,122)		(20,833)
(Loss) earnings before income taxes	42,489	59,122	54,224	77,412
(Benefit) provision for income taxes	8,223	9,884	12,816	14,265
(Loss) earnings before equity in net income of subsidiaries	34,266	49,238	41,408	63,147
Net earnings (loss)	34,266	49,238	41,408	63,147
Comprehensive income (loss)	14,872	42,583	14,815	45,149
Eliminations
Condensed Consolidating Statement of Earnings (Loss)
Total net sales	(277,784)	(171,099)	(512,227)	(308,470)
Total cost of sales	(277,784)	(171,099)	(512,227)	(308,470)
Operating expenses	(29,465)	(14,485)	(43,182)	(27,151)
Operating income (loss)	29,465	14,485	43,182	27,151
Other income and expenses, net	(29,465)	(14,485)	(43,182)	(27,151)
Equity in earnings (loss) of subsidiaries	(28,371)	(50,749)	(13,861)	(43,992)
Net earnings (loss)	(28,371)	(50,749)	(13,861)	(43,992)
Comprehensive income (loss)	(8,977)	(44,094)	12,732	(25,994)
Tailored Brands, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Operating expenses	652	1,083	1,496	1,965
Operating income (loss)	(652)	(1,083)	(1,496)	(1,965)
Interest (expense) income, net	(1,084)	(923)	(2,239)	(1,687)
(Loss) earnings before income taxes	(1,736)	(2,006)	(3,735)	(3,652)
(Benefit) provision for income taxes	(321)	(461)	(787)	(1,119)
(Loss) earnings before equity in net income of subsidiaries	(1,415)	(1,545)	(2,948)	(2,533)
Equity in earnings (loss) of subsidiaries	35,681	50,783	44,356	65,680
Net earnings (loss)	34,266	49,238	41,408	63,147
Comprehensive income (loss)	14,872	42,583	14,815	45,149
The Men's Wearhouse, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Total net sales	422,224	443,685	848,347	889,932
Total cost of sales	220,362	220,210	448,433	445,183
Total gross margin	201,862	223,475	399,914	444,749
Operating expenses	129,357	132,573	269,003	269,846
Operating income (loss)	72,505	90,902	130,911	174,903
Interest (expense) income, net	(18,097)	(22,458)	(36,576)	(46,124)
Loss on extinguishment of debt, net		(8,122)		(20,833)
(Loss) earnings before income taxes	54,408	60,322	94,335	107,946
(Benefit) provision for income taxes	11,417	9,505	19,484	20,578
(Loss) earnings before equity in net income of subsidiaries	42,991	50,817	74,851	87,368
Equity in earnings (loss) of subsidiaries	(7,310)	(34)	(30,495)	(21,688)
Net earnings (loss)	35,681	50,783	44,356	65,680
Comprehensive income (loss)	22,838	50,681	26,332	66,772
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Total net sales	371,325	386,319	784,433	767,740
Total cost of sales	288,849	288,057	615,772	579,000
Total gross margin	82,476	98,262	168,661	188,740
Operating expenses	130,373	132,681	265,206	271,076
Operating income (loss)	(47,897)	(34,419)	(96,545)	(82,336)
Other income and expenses, net	28,318	14,485	42,035	27,151
Interest (expense) income, net	1,100	2,131	2,575	4,145
(Loss) earnings before income taxes	(18,479)	(17,803)	(51,935)	(51,040)
(Benefit) provision for income taxes	(4,254)	(2,557)	(9,335)	(10,568)
(Loss) earnings before equity in net income of subsidiaries	(14,225)	(15,246)	(42,600)	(40,472)
Net earnings (loss)	(14,225)	(15,246)	(42,600)	(40,472)
Comprehensive income (loss)	(14,225)	(15,246)	(42,600)	(40,472)
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Earnings (Loss)
Total net sales	273,723	164,525	450,322	292,192
Total cost of sales	224,334	117,360	364,614	211,555
Total gross margin	49,389	47,165	85,708	80,637
Operating expenses	42,220	29,064	70,868	57,507
Operating income (loss)	7,169	18,101	14,840	23,130
Other income and expenses, net	1,147		1,147
Interest (expense) income, net	(20)	508	(428)	1,028
(Loss) earnings before income taxes	8,296	18,609	15,559	24,158
(Benefit) provision for income taxes	1,381	3,397	3,454	5,374
(Loss) earnings before equity in net income of subsidiaries	6,915	15,212	12,105	18,784
Net earnings (loss)	6,915	15,212	12,105	18,784
Comprehensive income (loss)	$ 364	$ 8,659	$ 3,536	$ (306)

CONDENSED CONSOLIDATING INFOR_5

CONDENSED CONSOLIDATING INFORMATION - Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 03, 2019	Aug. 04, 2018
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 33,323	$ 197,991
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(39,092)	(24,645)
Proceeds from divestiture of business		17,755
Net cash provided by (used in) investing activities	(39,092)	(6,890)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan		(993,420)
Proceeds from new term loan		895,500
Payments on new term loan	(7,120)	(4,500)
Proceeds from asset-based revolving credit facility	673,500	199,500
Payments on asset-based revolving credit facility	(677,000)	(95,000)
Repurchase and retirement of senior notes		(199,365)
Deferred financing costs		(5,644)
Cash dividends paid	(18,784)	(18,744)
Proceeds from issuance of common stock	879	4,113
Tax payments related to vested deferred stock units	(1,052)	(6,501)
Net cash (used in) provided by financing activities	(29,577)	(224,061)
Effect of exchange rate changes	(609)	(2,432)
Increase (decrease) in cash and cash equivalent	(35,955)	(35,392)
Balance at beginning of period	55,431	103,607
Balance at end of period	19,476	68,215
Eliminations
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(18,784)	(18,744)
CASH FLOWS FROM INVESTING ACTIVITIES:
Intercompany activities	223,243	142,775
Net cash provided by (used in) investing activities	223,243	142,775
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany activities	(204,459)	(124,031)
Net cash (used in) provided by financing activities	(204,459)	(124,031)
Tailored Brands, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	18,957	21,132
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(18,784)	(18,744)
Proceeds from issuance of common stock	879	4,113
Tax payments related to vested deferred stock units	(1,052)	(6,501)
Net cash (used in) provided by financing activities	(18,957)	(21,132)
The Men's Wearhouse, Inc. | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	204,479	320,774
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(13,550)	(6,058)
Intercompany activities	(192,290)	(142,775)
Net cash provided by (used in) investing activities	(205,840)	(148,833)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on original term loan		(993,420)
Proceeds from new term loan		895,500
Payments on new term loan	(7,120)	(4,500)
Proceeds from asset-based revolving credit facility	673,500	199,500
Payments on asset-based revolving credit facility	(677,000)	(95,000)
Repurchase and retirement of senior notes		(199,365)
Deferred financing costs		(5,644)
Intercompany activities	12,169	(18,744)
Net cash (used in) provided by financing activities	1,549	(221,673)
Increase (decrease) in cash and cash equivalent	188	(49,732)
Balance at beginning of period	970	51,818
Balance at end of period	1,158	2,086
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	21,748	(2,235)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(21,153)	(15,485)
Proceeds from divestiture of business		17,755
Net cash provided by (used in) investing activities	(21,153)	2,270
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in cash and cash equivalent	595	35
Balance at beginning of period	1,496	2,180
Balance at end of period	2,091	2,215
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(193,077)	(122,936)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(4,389)	(3,102)
Intercompany activities	(30,953)
Net cash provided by (used in) investing activities	(35,342)	(3,102)
CASH FLOWS FROM FINANCING ACTIVITIES:
Intercompany activities	192,290	142,775
Net cash (used in) provided by financing activities	192,290	142,775
Effect of exchange rate changes	(609)	(2,432)
Increase (decrease) in cash and cash equivalent	(36,738)	14,305
Balance at beginning of period	52,965	49,609
Balance at end of period	$ 16,227	$ 63,914

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Aug. 17, 2019	Aug. 16, 2019	Aug. 04, 2018	Aug. 03, 2019
Divestiture Of Business
Consideration received			$ 17,755,000
Corporate apparel business | Disposed of by sale
ASSETS
Cash and cash equivalents				$ 8,255,000
Accounts receivable, net				33,485,000
Inventories				99,506,000
Other current assets				3,234,000
Property and equipment, net				13,973,000
Other assets				18,399,000
Total assets				176,852,000
LIABILITIES
Accounts payable				16,267,000
Accrued expenses and other current liabilities				11,383,000
Other liabilities				15,706,000
Total liabilities				$ 43,356,000
Subsequent Event | Corporate apparel business | Disposed of by sale
Divestiture Of Business
Total consideration		$ 62,000,000
Consideration received		56,000,000
Deferred consideration		$ 6,000,000
Minimum | Subsequent Event | Corporate apparel business | Disposed of by sale
Divestiture Of Business
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ 75,000,000
Maximum | Subsequent Event | Corporate apparel business | Disposed of by sale
Divestiture Of Business
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ 85,000,000