Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 123

Example 7.44: Nature of Operations RJ, Inc. and subsidiaries (the “Company”) is an omnichannel retail organization operating stores, websites and mobile applications under three brands (TJ's, Chelsea's and bluestar) that sell a wide range of merchandise, including apparel and accessories (men's, women's, and children's), cosmetics, home furnishings and other consumer goods. The Company has stores in 34 states, the District of Columbia and Puerto Rico. As of February 2, 20X3, the Company's operations and operating segments were conducted through RJ's, TJ's, Chelsea's, RJ's Off Rack, and bluestar, which are aggregated into one reporting segment in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting. The metrics used by management to assess the performance of the Company's operating divisions include sales trends, gross margin rates, expense rates, and rates of earnings before interest and taxes (“EBIT”) and earnings before interest, taxes, depreciation and amortization (“EBITDA”). The Company's operating divisions have historically had similar economic characteristics and are expected to have similar economic characteristics and long‐term financial performance in future periods.