SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Zale Corp – ‘10-K’ for 7/31/12 – ‘R23’

On:  Wednesday, 10/3/12, at 3:54pm ET   ·   For:  7/31/12   ·   Accession #:  1047469-12-9281   ·   File #:  1-04129

Previous ‘10-K’:  ‘10-K’ on 9/20/11 for 7/31/11   ·   Next & Latest:  ‘10-K’ on 9/27/13 for 7/31/13   ·   2 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/03/12  Zale Corp                         10-K        7/31/12   96:10M                                    Toppan Merrill-FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K Fiscal Year Ended July 31,2012            HTML    839K 
 2: EX-4.4      Amended and Restated Intercreditor Agreement        HTML    320K 
 6: EX-10.14    Base Salaries and Target Bonus for the Neo          HTML     29K 
 3: EX-10.5B    Form of Stock Option Award Agreement                HTML     54K 
 4: EX-10.5C    Form of Time-Vesting Rsu Award Agreement            HTML     55K 
 5: EX-10.5D    Form of Performance-Based Rsu Award Agreement       HTML     57K 
 7: EX-14       Code of Business Conduct and Ethics                 HTML    148K 
 8: EX-21       Subsidiaries of the Registrant                      HTML     27K 
 9: EX-23.1     Consent of Ernst & Young LLP                        HTML     24K 
10: EX-31.1     Certification of CEO Pursuant to Section 302        HTML     30K 
11: EX-31.2     Certification of Cao Pursuant to Section 302        HTML     30K 
12: EX-31.3     Certification of CFO Pursuant to Section 302        HTML     30K 
13: EX-32.1     Certification of CEO Pursuant to Section 906        HTML     26K 
14: EX-32.2     Certification of Cao Pursuant to Section 906        HTML     26K 
15: EX-32.3     Certification of CFO Pursuant to Section 906        HTML     26K 
68: R1          Document and Entity Information                     HTML     53K 
55: R2          Consolidated Statements of Operations               HTML     94K 
66: R3          Consolidated Balance Sheets                         HTML    125K 
70: R4          Consolidated Balance Sheets (Parenthetical)         HTML     39K 
89: R5          Consolidated Statements of Cash Flows               HTML    149K 
57: R6          Consolidated Statements of Stockholders'            HTML     81K 
                Investment (Equity)                                              
65: R7          Summary of Significant Accounting Policies          HTML     60K 
50: R8          Fair Value Measurements                             HTML     58K 
40: R9          Other Current Assets                                HTML     32K 
90: R10         Property and Equipment, Net                         HTML     36K 
72: R11         Goodwill                                            HTML     32K 
71: R12         Other Assets                                        HTML     31K 
77: R13         Investments                                         HTML     42K 
78: R14         Accounts Payable and Accrued Liabilities            HTML     34K 
75: R15         Long-Term Debt                                      HTML     45K 
79: R16         Other Liabilities                                   HTML     31K 
67: R17         Other Charges                                       HTML     34K 
69: R18         Leases                                              HTML     49K 
74: R19         Income Taxes                                        HTML     97K 
96: R20         Stock-Based Compensation                            HTML     58K 
85: R21         Comprehensive Loss                                  HTML     48K 
61: R22         Disposition of Bailey Banks & Biddle                HTML     32K 
73: R23         Segments                                            HTML     72K 
63: R24         Contingencies                                       HTML     35K 
32: R25         Deferred Revenue                                    HTML     37K 
86: R26         Retirement Plans                                    HTML     36K 
93: R27         Quarterly Results of Continuing Operations          HTML     47K 
                (Unaudited)                                                      
45: R28         Summary of Significant Accounting Policies          HTML    152K 
                (Policies)                                                       
44: R29         Fair Value Measurements (Tables)                    HTML     51K 
48: R30         Other Current Assets (Tables)                       HTML     32K 
49: R31         Property and Equipment, Net (Tables)                HTML     35K 
51: R32         Goodwill (Tables)                                   HTML     33K 
28: R33         Other Assets (Tables)                               HTML     32K 
83: R34         Investments (Tables)                                HTML     41K 
59: R35         Accounts Payable and Accrued Liabilities (Tables)   HTML     33K 
62: R36         Long-Term Debt (Tables)                             HTML     36K 
35: R37         Other Liabilities (Tables)                          HTML     31K 
95: R38         Other Charges (Tables)                              HTML     32K 
22: R39         Leases (Tables)                                     HTML     47K 
52: R40         Income Taxes (Tables)                               HTML     96K 
88: R41         Stock-Based Compensation (Tables)                   HTML     55K 
34: R42         Comprehensive Loss (Tables)                         HTML     43K 
43: R43         Segments (Tables)                                   HTML     67K 
47: R44         Deferred Revenue (Tables)                           HTML     33K 
56: R45         Quarterly Results of Continuing Operations          HTML     44K 
                (Unaudited) (Tables)                                             
27: R46         Summary of Significant Accounting Policies          HTML     53K 
                (Details)                                                        
39: R47         Summary of Significant Accounting Policies          HTML     37K 
                (Details 2)                                                      
24: R48         Summary of Significant Accounting Policies          HTML     83K 
                (Details 3)                                                      
87: R49         Summary of Significant Accounting Policies          HTML     35K 
                (Details 4)                                                      
33: R50         Summary of Significant Accounting Policies          HTML     34K 
                (Details 5)                                                      
84: R51         Fair Value Measurements (Details)                   HTML     51K 
36: R52         Other Current Assets (Details)                      HTML     41K 
53: R53         Property and Equipment, Net (Details)               HTML     38K 
23: R54         Goodwill (Details)                                  HTML     48K 
26: R55         Other Assets (Details)                              HTML     39K 
46: R56         Investments (Details)                               HTML     55K 
29: R57         Accounts Payable and Accrued Liabilities (Details)  HTML     47K 
91: R58         Long-Term Debt (Details)                            HTML    164K 
58: R59         Long-Term Debt (Details 2)                          HTML     46K 
76: R60         Long-Term Debt (Details 3)                          HTML     34K 
38: R61         Other Liabilities (Details)                         HTML     35K 
41: R62         Other Charges (Details)                             HTML     50K 
82: R63         Leases (Details)                                    HTML    100K 
80: R64         Income Taxes (Details)                              HTML    254K 
60: R65         Stock-Based Compensation (Details)                  HTML    192K 
81: R66         Comprehensive Loss (Details)                        HTML     50K 
37: R67         Disposition of Bailey Banks & Biddle (Details)      HTML     45K 
64: R68         Segments (Details)                                  HTML     85K 
92: R69         Contingencies (Details)                             HTML     35K 
25: R70         Deferred Revenue (Details)                          HTML     77K 
31: R71         Retirement Plans (Details)                          HTML     47K 
54: R72         Quarterly Results of Continuing Operations          HTML     62K 
                (Unaudited) (Details)                                            
94: XML         IDEA XML File -- Filing Summary                      XML    132K 
42: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.14M 
16: EX-101.INS  XBRL Instance -- zlc-20120731                        XML   1.81M 
18: EX-101.CAL  XBRL Calculations -- zlc-20120731_cal                XML    258K 
19: EX-101.DEF  XBRL Definitions -- zlc-20120731_def                 XML   1.06M 
20: EX-101.LAB  XBRL Labels -- zlc-20120731_lab                      XML   3.08M 
21: EX-101.PRE  XBRL Presentations -- zlc-20120731_pre               XML   1.46M 
17: EX-101.SCH  XBRL Schema -- zlc-20120731                          XSD    249K 
30: ZIP         XBRL Zipped Folder -- 0001047469-12-009281-xbrl      Zip    244K

‘R23’   —   Segments

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v2.4.0.6
SEGMENTS
 12 Months Ended
SEGMENTS  
SEGMENTS

17.   SEGMENTS

        We report our operations under three business segments: Fine Jewelry, Kiosk Jewelry, and All Other. All corresponding items of segment information in prior periods have been presented consistently.

        Fine Jewelry consists of five principal brands, Zales Jewelers®, Zales Outlet®, Gordon's Jewelers®, Peoples Jewellers® and Mappins Jewellers®, and is predominantly focused on the value-oriented guest as our core guest target. Each brand specializes in fine jewelry and watches, with merchandise and marketing emphasis focused on diamond products. These five brands have been aggregated into one reportable segment. Kiosk Jewelry operates under the brand names Piercing Pagoda®, Plumb Gold™, and Silver and Gold Connection® through mall-based kiosks and is focused on the opening price point guest. Kiosk Jewelry specializes in gold, silver and non-precious metal products that capitalize on the latest fashion trends. All Other includes our insurance and reinsurance operations, which offer insurance coverage primarily to our private label credit card guests. Management's expectation is that overall economics of each of our major brands within each reportable segment will be similar over time.

        We use earnings before unallocated corporate overhead, interest and taxes but include an internal charge for inventory carrying cost to evaluate segment profitability. Unallocated costs before income taxes include corporate employee-related costs, administrative costs, information technology costs, corporate facilities costs and depreciation and amortization.

        Income tax information by segment is not included as taxes are calculated at a company-wide level and not allocated to each segment.

 
   Year Ended July 31,  
Selected Financial Data by Segment
  2012   2011   2010  
 
   (amounts in thousands)
  

Revenues:

                    

Fine Jewelry(a)

   $ 1,617,684   $ 1,493,294   $ 1,379,695  

Kiosk

     238,692     239,231     226,187  

All Other

     10,502     10,038     10,423  
               

Total revenues

   $ 1,866,878   $ 1,742,563   $ 1,616,305  
               

Depreciation and amortization:

                    

Fine Jewelry

   $ 23,924   $ 28,009   $ 35,558  

Kiosk

     3,153     3,361     4,120  

All Other

     —     —     —  

Unallocated

     10,810     9,956     10,327  
               

Total depreciation and amortization

   $ 37,887   $ 41,326   $ 50,005  
               

Operating earnings (loss):

                    

Fine Jewelry(b)

   $ 31,464   $ (15,875 ) $ (83,630 )

Kiosk(c)

     14,850     15,270     13,133  

All Other

     5,091     5,184     3,543  

Unallocated(d)

     (32,287 )   (32,445 )   (48,493 )
               

Total operating earnings (loss)

   $ 19,118   $ (27,866 ) $ (115,447 )
               

Assets(e):

                    

Fine Jewelry(f)

   $ 821,427   $ 807,771   $ 820,353  

Kiosk

     85,828     85,999     85,631  

All Other

     38,110     40,406     33,643  

Unallocated

     225,673     254,582     231,651  
               

Total assets

   $ 1,171,038   $ 1,188,758   $ 1,171,278  
               

Capital expenditures:

                    

Fine Jewelry

   $ 10,118   $ 8,818   $ 9,945  

Kiosk

     —     —     —  

All Other

     —     —     —  

Unallocated

     9,657     6,497     4,705  
               

Total capital expenditures

   $ 19,775   $ 15,315   $ 14,650  
               
(a)
Includes $313.0 million, $298.1 million and $260.7 million in fiscal years 2012, 2011 and 2010, respectively, related to foreign operations. In addition, fiscal year 2012 includes a $34.9 million adjustment as a result of a change in the revenue recognition related to lifetime warranties.
(b)
Includes $2.0 million, $7.0 million and $32.3 million in fiscal years 2012, 2011 and 2010, respectively, related to charges associated with store closures and store impairments. In addition, fiscal year 2012 includes $34.9 million of additional earnings as a result of a change in the revenue recognition related to lifetime warranties.

(c)
Includes $1.1 million in fiscal year 2010 related to charges associated with store impairments.

(d)
Includes credits of $58.9 million, $50.8 million and $55.5 million in fiscal years 2012, 2011 and 2010, respectively, to offset internal carrying costs charged to the segments.

(e)
Assets allocated to segments include fixed assets, inventories, goodwill and investments held by our insurance operations. Unallocated assets include cash, prepaid assets such as rent, corporate office improvements and technology infrastructure.

(f)
Includes $31.3 million, $33.4 million and $35.4 million of fixed assets in fiscal years 2012, 2011 and 2010, respectively, related to foreign operations.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:10/3/12
For Period end:7/31/124
9/15/09
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/07/13  SEC                               UPLOAD10/03/17    1:36K  Zale Corp.
 2/13/13  SEC                               UPLOAD10/03/17    1:155K Zale Corp.
↑Top
Filing Submission 0001047469-12-009281   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Mon., Apr. 29, 7:34:47.1am ET