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Note 4 - Property and Equipment, Net
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
(4)
Property and Equipment
, net
 
Property and equipment
, net consist of the following (in thousands):
 
   
2016
    
2015
  
Land
  
$
2,261
    $
2,261
  
Furniture and fixtures
  
 
41,578
     
40,322
  
Computer hardware
  
 
26,960
     
26,277
  
Building
  
 
14,970
     
14,970
  
Leasehold improvements
  
 
113,573
     
113,981
  
Computer software
  
 
41,763
     
46,745
  
Construction in progress
  
 
6,152
     
6,871
  
   
 
247,257
     
251,427
  
Less accumulated depreciation
  
 
172,333
     
183,686
  
Total, net
  
$
74,924
    $
67,741
  
 
For
2016,
2015
and
2014,
depreciation expense was
$15.2
million,
$15.8
million and
$17.6
million, respectively.
 
During
2016,
the Company reviewed the operating performance and forecasts of future performance for the stores in its
DTC segment. As a result of that review, it was determined that several stores would not be able to recover the carrying value of certain store assets through expected undiscounted cash flows over the remaining life of the related assets. Accordingly, the carrying value of the assets was reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and any remaining net book value is depreciated over the remaining life of the asset. Asset impairment charges of
$2.3
million were recorded in the
fourth
quarter of fiscal
2016,
which are included in cost of merchandise sold - retail as a component of income before income taxes in the DTC segment. Similar impairment charges were immaterial in
2015
and
2014.
The inputs used to determine the fair value of the assets are Level
3
fair value inputs as defined by ASC
820
-
10.
In the event that we decide to close any or all of these stores in the future, we
may
be required to record additional impairment, lease termination charges, severance charges and other charges.
 
In
2015,
the Company began on ongoing project to update its store locations. The Company currently expects to update stores primarily in conjunction with natural lease events including new store openings, relocation
s and lease required remodels. The Company considers a more likely than not assessment that an individual location will close or be remodeled prior to the end of its original lease term as a triggering event to review the store asset group for recoverability. As a result of these reviews, it was determined that certain stores would not be able to recover the carrying value of store assets through expected undiscounted cash flows over the shortened remaining life of the related assets. Accordingly, the carrying value of the assets was reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and any remaining net book value is depreciated over the shortened expected life. Asset impairment charges of
$0.4
million,
$0.3
million and
$0.4
million were recorded in
2016,
2015
and
2014,
respectively, which are included in selling, general and administrative expenses as a component of income before income taxes in the DTC segment. The inputs used to determine the fair value of the assets are Level
3
fair value inputs as defined by ASC
820
-
10.