Table of Contents Note 3 Asset Impairments and Other Charges and Discontinued Operations, Continued operations. The related assets and liabilities of Lids Sports Group are presented as current and non-current assets and liabilities of discontinued operations in the Consolidated Balance Sheets as of February 3, 2018. The Company will provide various transition services to the Purchaser for a period of up to six months under a separate agreement after the closing. As part of the Lids Sports Group sales transaction, the Purchaser has agreed to indemnify and hold the Company harmless in connection with continuing obligations and any guarantees of the Company in place as of February 2, 2019 in respect of post-closing or assumed liabilities or obligations of the Lids Sports Group business. The Purchaser has agreed to use commercially reasonable efforts to have any guarantees by, or continuing obligations of, the Company released. However, the Company is contingently liable in the event of a breach by the Purchaser of any such obligation to a third-party. In addition, the Company is a guarantor for 71 of Lids Sports Group leases with lease expirations through October of 2027 and estimated maximum future payments totaling $29.6 million as of February 2, 2019. The Company does not believe the fair value of the guarantees is material to the Company's Consolidated Financial Statements. Components of amounts reflected in (loss) earnings from discontinued operations, net of tax on the Consolidated Statements of Operations for the years ended February 2, 2019, February 3, 2018 and January 28, 2017 are as follows (in thousands): (1) Expenses primarily for anticipated costs of environmental remedial alternatives related to former facilities operated by the Company (see additional disclosures below and Note 13). Fiscal Year 2019 2018 2017 Net sales $ 723,125 $ 779,469 $ 847,510 Cost of sales 348,038 374,730 405,903 Selling and administrative expenses 370,480 391,982 400,513 Goodwill and trademark impairment 5,736 182,211 — Asset impairments and other, net 2,394 1,068 4,773 Loss on sale of Lids Sports Group (126,321) — — Other components of net periodic benefit cost (23) (128) (69) Gain on sale of Lids Team Sports — — 2,404 Provision for discontinued operations (1) (743) (552) (701) (Loss) earnings from discontinued operations before taxes (130,610) (171,202) 37,955 Income tax expense (benefit) (27,456) (22,655) 13,406 (Loss) earnings from discontinued operations, net of tax $ (103,154) $ (148,547) $ 24,549 78 Genesco Inc. and Subsidiaries Notes to Consolidated Financial Statements