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Impairment & Restructuring Charges (Tables) | 12 Months Ended
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Feb. 01, 2020
Restructuring And Related Activities [Abstract] |
Summary of Restructuring Related Charges |
|  | 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
Rollforward of Restructuring Liabilities Recognized in Consolidated Balance Sheet | 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 |

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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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