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Impairment, Restructuring and COVID-19 Related Charges (Tables) | 12 Months Ended
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Jan. 29, 2022
Restructuring and Related Activities [Abstract] |
Summary of 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 29, |  |  | January 30, |  |  | February 1, |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Long-lived asset Impairment charges (1) |  | $ | 11,944 |  |  | $ | 249,163 |  |  | $ | 66,252 |
Incremental COVID-19 related expenses(2) |  |  | — |  |  |  | 26,930 |  |  |  | — |
Severance and related employee costs |  |  | — |  |  |  | 3,733 |  |  |  | 6,691 |
Other restructuring charges(3) |  |  | — |  |  |  | — |  |  |  | 7,551 |
Total impairment, restructuring, and COVID-19 related charges |  | $ | 11,944 |  |  | $ | 279,826 |  |  | $ | 80,494 |
(1) The Company recorded impairment charges of $11.9 million in Fiscal 2021, primarily related to store property and equipment and operating lease ROU assets. (2) In Fiscal 2020, 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. (3) 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. (4) Incremental COVID-19 related expenses consisting of personal protective equipment and supplies for our associates and customers. (5) Other restructuring charges consists of $4.2 million of joint business venture exit charges, $1.8 million of Japan market transition costs and $1.5 million of China restructuring in Fiscal 2019.
Rollforward of Restructuring Liabilities Recognized in Consolidated Balance Sheet | A rollforward of the restructuring liabilities recognized in the Consolidated Balance Sheet is as follows:
|  |  |  | January 29, |
(In thousands) |  |  |  | 2022 |
Accrued liability as of January 30, 2021 |  |  |  | $ | 2,812 |
Add: Costs incurred, excluding non-cash charges |  |  |  |  | 1,367 |
Less: Cash payments and adjustments |  |  |  |  | (2,812 | )
Accrued liability as of January 29, 2022 |  |  |  | $ | 1,367 |

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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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