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Note 6 - Property and Equipment, Net
 12 Months Ended
Jan. 30, 2021
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

(6)

Property and Equipment, net

 

Property and equipment, net consist of the following (in thousands):

 

  

January 30,

  

February 1,

 
  

2021

  

2020

 

Land

 $2,261  $2,261 

Furniture and fixtures

  41,706   42,611 

Computer hardware

  19,534   24,069 

Building

  14,970   14,970 

Leasehold improvements

  97,434   102,598 

Computer software

  22,358   48,109 

Construction in progress

  3,707   9,615 
   201,970   244,233 

Less accumulated depreciation

  148,997   178,378 

Total, net

 $52,973  $65,855 

 

For fiscal 2020 and 2019, depreciation expense was $13.2 million and $13.5 million, respectively.

 

The Company incurred impairment charges during fiscal 2020 of $3.5 million for long-lived assets including leasehold fixtures and improvements, furniture and fixtures, machinery and equipment, and construction in progress. The majority of these charges were incurred at our retail stores in the United States and United Kingdom. The Company recorded no property, plant, and equipment impairment charges during fiscal 2019.

 

In the event that management decides to close any or all of these stores in the future, the Company  may be required to record additional impairment, lease termination fees, severance charges and other costs. In addition, 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 and immaterial asset impairment charges were made in both fiscal 2020 and fiscal 2019.