Property and Equipment

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



	Feb 3, 2018		Jan 28, 2017
Land and land improvements	$	2,750	$	2,750
Building and building improvements	51,285		47,673
Leasehold improvements	380,234		367,294
Furniture, fixtures and equipment	389,393		353,843
Construction in progress	16,555		13,163
Assets under capital leases	19,560		—
	859,777		784,723
Less accumulated depreciation and amortization	565,523		541,718
	$	294,254	$	243,005

During fiscal 2016, the Company purchased, for approximately $28.8 million, the facility that houses its U.S. distribution center.

During fiscal 2018, the Company began the relocation of its European distribution center to the Netherlands and entered into a capital lease for equipment used in the new facility. During fiscal 2018, the Company also entered into a capital lease related primarily to computer hardware and software. The accumulated depreciation and amortization related to assets under capital leases was approximately $0.9 million as of February 3, 2018 and was included in depreciation expense when recognized. See Note 8 for more information regarding the related capital lease obligations.

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.

Impairment

The Company recorded asset impairment charges of $8.5 million, $34.4 million and $2.3 million for fiscal 2018, fiscal 2017 and fiscal 2016, respectively. The asset impairment charges related primarily to the impairment of certain retail locations in North America resulting from under-performance and expected store closures during each of the respective periods.

Impairments to long-lived assets are summarized as follows (in thousands):



	Feb 3, 2018		Jan 28, 2017
Aggregate carrying value of long-lived assets impaired	$	8,728	$	36,103
Less asset impairment charges	8,479		34,385
Aggregate remaining fair value of long-lived assets impaired	$	249	$	1,718

The Company’s impairment evaluations included testing of 233 retail locations and 255 retail locations during fiscal 2018 and fiscal 2017, respectively, which were deemed to have impairment indicators. The Company concluded that 99 retail locations and 148 retail locations, respectively, were determined to be impaired, as the carrying amounts of the assets exceeded their estimated fair values (determined based on discounted cash flows) at each of the respective dates. Refer to Note 1 for a description of other assumptions that management considers in estimating the future discounted cash flows. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company’s results of operations.