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Impairment, Restructuring and COVID-19 Related Charges
9 Months Ended
Oct. 30, 2021
Restructuring And Related Activities [Abstract]  
Impairment, Restructuring and COVID-19 Related Charges

13. Impairment, Restructuring and COVID-19 Related Charges

The following table represents impairment, restructuring and COVID-19 related charges for the 13 and 39 weeks ended October 31, 2020.  There were no impairment, restructuring and COVID-19 related charges for the 13 and 39 weeks ended October 30, 2021.  All amounts were recorded within impairment, restructuring and COVID-19 related charges on the Consolidated Statements of Operations.

 

 

 

13 Weeks Ended

 

 

39 Weeks Ended

 

 

 

October 31,

 

 

October 31,

 

(In thousands)

 

2020

 

 

2020

 

Impairment charges (1)

 

$

 

 

$

153,617

 

Incremental COVID-19 related expenses (2)

 

 

5,951

 

 

 

19,836

 

Severance and related employee costs

 

 

1,004

 

 

 

3,733

 

Total impairment, restructuring and COVID-19 related charges

 

$

6,955

 

 

$

177,186

 

 

(1)  During the 39 weeks ended October 31, 2020, the Company recorded asset impairment charges of $153.6 million.  Included in this amount are retail store impairment charges of $109.6 million, of which $84.1 million relates to operating lease ROU assets and $25.5 million relates to store property and equipment (fixtures and equipment and leasehold improvements).  We also recorded $26.0 million of impairment related charges to certain corporate property and equipment, as well as $18.0 million of impairment charges related to certain cost and equity method investments.    

(2)   Incremental COVID-19 related expenses consist of personal protective equipment and supplies for our associates and customers.      

A roll-forward of restructuring liabilities recognized in accrued compensation and payroll taxes and other current liabilities and accrued expenses in the Consolidated Balance Sheet is as follows:

 

 

 

39 Weeks Ended

 

 

 

October 30,

 

(In thousands)

 

2021

 

Restructuring liability as of January 30, 2021

 

$

2,812

 

Add: Costs incurred, excluding non-cash charges

 

 

 

Less: Cash payments and adjustments

 

 

(2,421

)

 

 

 

 

 

Restructuring liability as of October 30, 2021

 

$

391