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Impairment & Restructuring Charges (Tables) | 12 Months Ended
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Feb. 02, 2019
Restructuring And Related Activities [Abstract] |
Summary of Restructuring Related Charges |
|  | For the years ended |
|  | February 2, |  |  | February 3, |  |  | January 28, |
(In thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Severance and related employee costs |  | $ | 1,568 |  |  | $ | 10,660 |  |  | $ | 295 |
Lease termination and store closure costs |  |  | — |  |  | $ | 9,951 |  |  | $ | 295 |
Total cash restructuring charges (1) |  | $ | 1,568 |  |  |  | 20,611 |  |  |  | 590 |
Joint business venture charges (2) |  |  | — |  |  |  | 7,964 |  |  |  | — |
Inventory charges (3) |  |  | — |  |  |  | 1,669 |  |  |  | — |
Asset impairment charges (4) |  |  | — |  |  |  | — |  |  |  | 20,576 |
Total impairment and restructuring charges |  | $ | 1,568 |  |  | $ | 30,244 |  |  | $ | 21,166 |
(1) | Cash charges of $1.6 million, $20.6 million and $0.6 million for Fiscal 2018, Fiscal 2017 and Fiscal 2016, respectively, for lease termination, store closures and severance were recorded within Impairment and Restructuring Charges on the Consolidated Statements of Operations
(2) | $8.0 million ($3.5 million cash and $4.5 million non-cash) of net charges for Fiscal 2017 related to the planned exit of a joint business venture were recorded within Other (Expense) Income, Net on the Consolidated Statements of Operations
(3) | Non-cash inventory charges of $1.7 million for Fiscal 2017 related to restructuring activities for our United Kingdom and Asia markets recorded as a reduction in Gross Profit on the Consolidated Statements of Operations.
(4) | Non-cash impairment charges of $20.6 million for Fiscal 2016 consisted of $7.2 million for the impairment of all Company-owned retail stores in the United Kingdom, Hong Kong and China, as well as $10.8 million of impairment and restructuring charges related to non-store corporate assets that support the international retail stores and e-commerce operations and $2.5 million of goodwill impairment for the China and Hong Kong retail operations.
Rollforward of Liabilities Recognized in Consolidated Balance Sheet | A rollforward of the liabilities recognized in the Consolidated Balance Sheet is as follows:
|  |  |  | February 2, |
(In thousands) |  |  |  | 2019 |
Accrued liability as of February 3, 2018 |  |  |  | $ | 7,650 |
Add: Costs incurred, excluding non-cash charges |  |  |  |  | 1,568 |
Less: Cash payments and adjustments |  |  |  |  | (2,589 | )
Accrued liability as of February 2, 2019 |  |  |  | $ | 6,629 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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