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VOLUNTARY RETIREMENT OFFERING | 12 Months Ended
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Feb. 02, 2019
VOLUNTARY RETIREMENT OFFERING |
VOLUNTARY RETIREMENT OFFERING | 18. VOLUNTARY RETIREMENT OFFERING In 2016, the Company announced a Voluntary Retirement Offering (“VRO”) for certain non-store associates. Approximately 1,300 associates irrevocably accepted the VRO in the first quarter of 2017. Due to the employee acceptances, the Company recognized a VRO charge of $184, $117 net of tax, in the first quarter of 2017, which was comprised of $165 for severance and other benefits, as well as $19 of other non-cash charges. This charge was recorded in the OG&A caption within the Consolidated Statements of Operations for 2017. The Company paid $162 of the severance and other benefits in 2017.

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