XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.20.4

Impairment, Restructuring and COVID-19 Related Charges | 12 Months Ended
--- | ---
Jan. 30, 2021
Restructuring And Related Activities [Abstract] |
Impairment, Restructuring and COVID-19 Related Charges | 16. Impairment, Restructuring and COVID-19 Related Charges The following table represents impairment, restructuring and COVID-19 related charges. All amounts were recorded within impairment, restructuring and COVID-19 related charges on the Consolidated Statements of Operations, unless otherwise noted.
|  | For the years ended |
|  | January 30, |  |  | February 1, |  |  | February 2, |
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Long-lived asset Impairment charges (1) |  | $ | 249,163 |  |  | $ | 66,252 |  |  | $ | — |
Incremental COVID-19 related expenses(2) |  |  | 26,930 |  |  |  | — |  |  |  | — |
Severance and related employee costs |  |  | 3,733 |  |  |  | 6,691 |  |  |  | 1,568 |
Joint business venture exit charges |  |  | — |  |  |  | 4,194 |  |  |  | — |
Japan market transition costs |  |  | — |  |  |  | 1,814 |  |  |  | — |
China restructuring |  |  | — |  |  |  | 1,543 |  |  |  | — |
Total impairment, restructuring, and COVID-19 related charges |  | $ | 279,826 |  |  | $ | 80,494 |  |  | $ | 1,568 |
(1) | The Company recorded impairment charges of $249.2 million. Included in this amount are retail store impairment charges of $203.2 million, of which $154.8 million relates to operating lease ROU assets and $48.4 million relates to store property and equipment (fixtures and equipment and leasehold improvements). We also recorded $28.0 million related to the impairment of certain corporate property and equipment, as well as $18.0 million of certain cost and equity method investments. In Fiscal 2019, the Company recorded 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) | Incremental COVID-19 related expenses consisting of personal protective equipment and supplies for our associates and customers.
A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheet is as follows:
|  |  |  | January 30, |
(In thousands) |  |  |  | 2021 |
Accrued liability as of February 1, 2020 |  |  |  | $ | 4,187 |
Add: Costs incurred, excluding non-cash charges |  |  |  |  | 3,733 |
Less: Cash payments and adjustments |  |  |  |  | (5,108 | )
Accrued liability as of January 30, 2021 |  |  |  | $ | 2,812 |
The accrued liability as of February 1, 2020 relates to previous restructuring activities disclosed in the Company’s Fiscal 2019 Form 10-K, which remained unpaid at the beginning of Fiscal 2020.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RestructuringImpairmentAndOtherActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration