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Property and Equipment | 12 Months Ended
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Feb. 02, 2019
Property Plant And Equipment [Abstract] |
Property and Equipment | NOTE 6—PROPERTY AND EQUIPMENT Property and equipment consists of the following (in thousands):
|  | February 2, |  |  | February 3, |
|  | 2019 |  |  | 2018 |
Leasehold improvements (1) |  | $ | 614,510 |  |  | $ | 556,443 |
Computer software |  |  | 143,776 |  |  |  | 130,890 |
Furniture, fixtures and equipment |  |  | 76,194 |  |  |  | 81,469 |
Machinery, equipment and aircraft |  |  | 54,207 |  |  |  | 52,757 |
Building and building improvements |  |  | 28,233 |  |  |  | 4,927 |
Land |  |  | 11,518 |  |  |  | 11,382 |
Build-to-suit property (2) (3) |  |  | 245,217 |  |  |  | 237,909 |
Building and equipment under capital leases |  |  | 9,343 |  |  |  | 8,060 |
Total property and equipment |  |  | 1,182,998 |  |  |  | 1,083,837 |
Less—accumulated depreciation and amortization (4) |  |  | (319,436 | ) |  |  | (283,139 | )
Total property and equipment—net |  | $ | 863,562 |  |  | $ | 800,698 |
(1) | Leasehold improvements include construction in progress of $79.0 million and $110.4 million as of February 2, 2019 and February 3, 2018, respectively.
(2) | The Company capitalizes assets and records a corresponding non-current liability for build-to-suit lease transactions where it is considered the owner, for accounting purposes. Refer to “Lease Accounting” within Note 3—Significant Accounting Policies.
(3) | In fiscal 2014, the Company concluded that it was the deemed owner for accounting purposes for its New York Flatiron Gallery located in Manhattan, NY pursuant to ASC 840. The Company capitalized the cash and non-cash assets contributed by the landlord for the renovation of the Gallery on its consolidated balance sheets as an increase in property and equipment and an increase in financing obligations under build-to-suit lease transactions. During the third quarter of fiscal 2018, the Gallery closed and the Company removed the asset and corresponding liability of $8.1 million from its consolidated balance sheet. There was no impact on the consolidated statements of income or consolidated statements of cash flows in fiscal 2018.
(4) | Includes accumulated amortization related to equipment under capital leases of $2.9 million and $2.1 million as of February 2, 2019 and February 3, 2018, respectively.
The Company recorded depreciation expense of $74.3 million, $70.0 million and $56.9 million in fiscal 2018, fiscal 2017 and fiscal 2016, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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