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Impairment, Restructuring and COVID-19 Related Charges (Tables) | 6 Months Ended
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Aug. 01, 2020
Restructuring And Related Activities [Abstract] |
Summary of Restructuring and COVID-19 Related Charges | The following table represents impairment and restructuring charges for the 13 and 26 weeks ended August 1, 2020 and August 3, 2019. All amounts were recorded within impairment, restructuring and COVID-19 related charges on the Consolidated Statements of Operations.
|  | 13 weeks ended |  |  | 26 weeks ended |
|  | August 1, |  |  | August 3, |  |  | August 1, |  |  | August 3, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Impairment charges (1) |  | $ | — |  |  | $ | — |  |  | $ | 153,617 |  |  | $ | — |
Incremental COVID-19 related expenses(2) |  |  | 13,885 |  |  |  | — |  |  |  | 13,885 |  |  |  | — |
Severance and related employee costs |  |  | 726 |  |  |  | 2,728 |  |  |  | 2,729 |  |  |  | 4,272 |
Total impairment, restructuring and COVID-19 related charges |  | $ | 14,611 |  |  | $ | 2,728 |  |  | $ | 170,231 |  |  | $ | 4,272 |
| (1) | There were no impairment charges recorded during the 13 weeks ended August 1, 2020. During the 26 weeks ended August 1, 2020, the Company recorded impairment charges of $153.6 million. Of the total, $84.1 million related to the impairment of the operating ROU assets of 272 stores. We recorded $51.5 million related to the impairment of certain corporate and store property and equipment. We also recorded $18.0 million of impairment of certain cost and equity method investments.
| (2) | Incremental COVID-19 related expenses consist of personal protective equipment and supplies for our associates and customers.
Rollforward of Restructuring Liabilities Recognized in Accrued Compensation and Other Current Liabilities and Accrued Expense in Consolidated Balance Sheets | A roll-forward of restructuring liabilities recognized in accrued compensation and other current liabilities and accrued expenses in the Consolidated Balance Sheet is as follows:
|  | 26 Weeks Ended |
|  | August 1, |
(In thousands) |  | 2020 |
Accrued liability as of February 1, 2020 |  | $ | 4,187 |
Add: Costs incurred, excluding non-cash charges |  |  | 16,613 |
Less: Cash payments and adjustments |  |  | (16,622 | )
Accrued liability as of August 1, 2020 |  | $ | 4,178 |

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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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