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Property and Equipment

12 Months Ended

Jan. 28, 2012

(5) Property and Equipment

Property and equipment is summarized as follows (in thousands):

	Jan. 28, 2012		Jan. 29, 2011

Land and land improvements	$	2,866	$	2,866
Building and building improvements		3,657		3,381
Leasehold improvements		382,098		336,672
Furniture, fixtures and equipment		330,517		291,787
Construction in progress		18,257		20,094
Properties under capital lease		22,474		23,135

		759,869		677,935
Less accumulated depreciation and amortization		410,984		364,079

	$	348,885	$	313,856

Construction in progress represents the costs associated with the construction in progress of leasehold improvements to be used in the Company's operations, primarily for new and remodeled stores in retail operations. No interest costs were capitalized related to construction in progress during fiscal 2012, fiscal 2011 and fiscal 2010.

The Company recorded charges related to asset impairments of $7.8 million, $5.3 million and $4.7 million, respectively, for fiscal 2012, fiscal 2011 and fiscal 2010. These impairment charges related primarily to the impairment of long-lived assets for certain retail stores in Europe and North America.

The accumulated depreciation and amortization related to the property under the capital lease was approximately $4.4 million and $3.8 million at January 28, 2012 and January 29, 2011, respectively, and is included in depreciation expense. See Notes 8 and 12 for information regarding the associated capital lease obligations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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