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Property and Equipment
 12 Months Ended
Feb. 01, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 7 – Property and Equipment

The following is a summary of Property and Equipment:

 

(In thousands)

 

February 1,
2025

 

 

February 3,
2024

 

Land

 

$

1,564

 

 

$

1,564

 

Buildings

 

 

7,735

 

 

 

7,690

 

Furniture, fixtures and equipment

 

 

243,435

 

 

 

227,749

 

Leasehold improvements

 

 

201,674

 

 

 

188,946

 

Total

 

 

454,408

 

 

 

425,949

 

Less accumulated depreciation and amortization

 

 

(281,602

)

 

 

(257,336

)

Property and equipment – net

 

$

172,806

 

 

$

168,613

 

 

 

Total depreciation expense associated with Property and Equipment was $28.3 million in Fiscal 2024, $25.8 million in Fiscal 2023 and $20.9 million in Fiscal 2022. As of February 1, 2025 and February 3, 2024, there was $11.4 million and $15.5 million, respectively, of construction work in process included in Property and Equipment, primarily related to store rebanners/remodels and new store construction activity.

 

No impairment charges on long-lived assets held and used were recorded in Fiscal 2024, Fiscal 2023 or Fiscal 2022. Impairment charges would be included in SG&A in our Consolidated Statements of Income.