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Impairment & Restructuring Charges | 12 Months Ended
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Feb. 01, 2020
Restructuring And Related Activities [Abstract] |
Impairment & Restructuring Charges | 15. Impairment and Restructuring Charges The following table represents impairment and restructuring charges. All amounts were recorded within impairment and restructuring charges on the Consolidated Statements of Operations, unless otherwise noted.
|  | For the years ended |
|  | February 1, |  |  | February 2, |  |  | February 3, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Asset impairment charges (1) |  | $ | 66,252 |  |  | $ | — |  |  | $ | — |
Severance and related employee costs |  |  | 6,691 |  |  |  | 1,568 |  |  |  | 10,660 |
Joint business venture exit charges (2) |  |  | 4,194 |  |  |  | — |  |  |  | 7,964 |
Japan market transition costs |  |  | 1,814 |  |  |  | — |  |  |  | — |
China restructuring (3) |  |  | 1,543 |  |  |  | — |  |  |  | — |
Lease termination and store closure costs |  |  | — |  |  |  | — |  |  |  | 9,951 |
Inventory charges (4) |  |  | — |  |  |  | — |  |  |  | 1,669 |
Total impairment and restructuring charges |  | $ | 80,494 |  |  | $ | 1,568 |  |  | $ | 30,244 |
(1) | Fiscal 2019 asset impairment charges of $64.5 million on the assets of 20 retail stores. Of the total, $39.5 million related to the impairment of leasehold improvements and store fixtures, and $25.0 million related to the impairment of operating lease ROU assets. The Company also concluded that certain goodwill was impaired resulting in a $1.7 million charge in Fiscal 2019.
(2) | Fiscal 2017 joint business venture exit charges were recorded within other (expense) income, net on the Consolidated Statements of Operations
(3) | Pre-tax corporate restructuring charges of $1.5 million, primarily consisting of severance and closure costs for our company-owned and operated stores in China recorded in the first quarter of Fiscal 2019
(4) | Fiscal 2017 inventory charges were recorded within cost of sales, including certain buying, occupancy, and warehousing expenses on the Consolidated Statements of Operations
A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheet is as follows:
|  |  |  | February 1, |
(In thousands) |  |  |  | 2020 |
Accrued liability as of February 2, 2019 |  |  |  | $ | 6,629 |
Add: Costs incurred, excluding non-cash charges |  |  |  |  | 10,686 |
Less: Cash payments and adjustments |  |  |  |  | (13,128 | )
Accrued liability as of February 1, 2020 |  |  |  | $ | 4,187 |
The accrued l iability as of February 2, 2019 relates to previous restructuring activities disclo sed in the Company’s Fiscal 2018 Form 10-K, which remain ed unpaid at t he beginning of Fiscal 2019.

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- Definition The entire 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 No definition available. + Details
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