XML 39 R12.htm IDEA: XBRL DOCUMENT
v3.20.1

Property and Equipment | 12 Months Ended
--- | ---
Feb. 01, 2020
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment is summarized as follows (in thousands):
| Feb 1, 2020 |  | Feb 2, 2019
Land, buildings and improvements | $ | 51,416 |  |  | $ | 52,039 |
Leasehold improvements | 388,733 |  |  | 387,802 |
Furniture, fixtures and equipment | 428,121 |  |  | 410,518 |
Construction in progress | 9,510 |  |  | 18,844 |
Assets under finance leases | 21,599 |  |  | 19,069 |
| 899,379 |  |  | 888,272 |
Less accumulated depreciation and amortization | 611,267 |  |  | 572,714 |
| $ | 288,112 |  |  | $ | 315,558 |
During fiscal 2020 and 2019, the Company entered into finance leases related primarily to computer hardware and software. The accumulated depreciation and amortization related to assets under finance leases was approximately $5.6 million and $3.1 million as of February 1, 2020 and February 2, 2019, respectively, and was included in depreciation expense when recognized. See Note 8 for more information regarding the related finance 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 related to property and equipment of $7.5 million, $6.9 million and $8.5 million for fiscal 2020, fiscal 2019 and fiscal 2018, respectively. The asset impairment charges related primarily to the impairment of certain retail locations in Asia and, to a lesser extent, Europe and North America resulting from under-performance and expected store closures during each of the respective periods. Impairments to property and equipment are summarized as follows (in thousands):
| Feb 1, 2020 |  | Feb 2, 2019
Aggregate carrying value of property and equipment impaired | $ | 8,456 |  |  | $ | 7,111 |
Less property and equipment impairment charges | 7,546 |  |  | 6,939 |
Aggregate remaining fair value of property and equipment impaired | $ | 910 |  |  | $ | 172 |
The Company’s impairment evaluations included testing of 314 retail locations and 163 retail locations during fiscal 2020 and fiscal 2019, respectively, which were deemed to have impairment indicators. The Company concluded that 101 retail locations and 35 retail locations, respectively, were determined to be impaired, as the carrying amounts of the fixed 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.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration