AMERICAN EAGLE OUTFITTERS INC
For the period ended Aug 2, 2025. Filed Sep 9, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 2, 2025 · Filed Sep 9, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Impairment and Restructuring Charges
- Impairment and Restructuring Charges
The following table represents impairment and restructuring charges. All amounts were recorded within impairment and restructuring on the Consolidated Statements of Operations during the 26 weeks ended August 2, 2025. There wereno impairment and restructuring charges recorded for the 13 weeks ended August 2, 2025 or August 3, 2024 or for the 26 weeks ended August 3, 2024.
| 26 Weeks Ended | |
|---|---|
| August 2, | |
| (In thousands) | 2025 |
| Long-lived asset impairment charges (1) | $15,274 |
| Employee severance (2) | 1,845 |
| Total impairment and restructuring charges | $17,119 |
The following footnotes relate to impairment and restructuring charges recorded in the 26 weeks ended August 2, 2025:
(1)
The Company recorded $15.3 million of asset impairment charges primarily related to closing two fulfillment centers as part of its supply chain network optimization project. Of this amount, $10.4 million of charges relate to ROU assets and $4.9 million relates to property and equipment.
(2)
The Company recorded $1.8 million of employee severance, primarily related to closing two fulfillment centers.
A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheet is as follows:
| 26 Weeks Ended | |
|---|---|
| August 2, | |
| (In thousands) | 2025 |
| Accrued liability as of February 1, 2025 | $7,650 |
| Add: Costs incurred, excluding non-cash charges | $1,845 |
| Less: Cash payments and adjustments | (7,276) |
| Accrued liability as of August 2, 2025 | $2,219 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.