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Lands' End Japan Closure | 12 Months Ended
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Feb. 02, 2024
Restructuring and Related Activities [Abstract] |
Lands' End Japan Closure | NOTE 8. LANDS’ END JAPAN CLOSURE In July 2022, the Board of Directors approved a plan to cease operations of Lands’ End Japan KK, a subsidiary of Lands’ End, Inc. (“Lands’ End Japan”) by the end of Fiscal 2022. Lands’ End Japan comprises the Japan eCommerce operating segment. For a discussion of this operating segment, see Note 13, Segment Reporting. The closing and subsequent disposal of the assets does not represent a strategic shift with a major effect on the consolidated financial condition. Accordingly, the closing of Lands’ End Japan was not presented in the Consolidated Financial Statements as discontinued operations. In August 2022, the Company notified all employees of the closure and commenced closing activities. Liquidation sales commenced in the month of September 2022 through the end of Fiscal 2022. The dissolution of Lands’ End Japan was authorized and approved on January 31, 2023. The Company recorded closing costs for employee severance and benefit costs, early termination and restoration costs of lease facilities and contract cancellation and other costs. The final liquidation occurred in First Quarter 2024. The following table summarizes the closing costs of Lands’ End Japan recognized in Other operating expense, net in the Consolidated Statement of Operations for Fiscal 2023 and Fiscal 2022.
(in thousands) |  | February 2, 2024 |  |  | January 27, 2023 |
Employee severance and benefit costs (1) |  | $ | 25 |  |  | $ | 1,795 |
Early termination and restoration costs of leased facilities |  |  | (16 | ) |  |  | 744 |
Contract cancellation and other costs |  |  | 259 |  |  |  | 448 |
Total closing costs |  | $ | 268 |  |  | $ | 2,987 |
(1) For fiscal year ending January 27, 2023 employee severance and benefit costs are approximately $1.0 million lower than actual payments due to the reversal of a previously recorded compensation-related accrual. The following table summarizes the accrued closing cost activity related to Lands’ End Japan included in Accrued expenses and other current liabilities in the Consolidated Balance Sheets:
(in thousands) |  | Employee Severance and Benefit Costs |  |  | Leased Facilities Costs |  |  | Other Closing Costs |  |  | Total |
Balance as of January 28, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Estimated costs payable in cash |  |  | 2,812 |  |  |  | 749 |  |  |  | 347 |  |  |  | 3,908 |
Cash payments |  |  | (2,076 | ) |  |  | (381 | ) |  |  | (379 | ) |  |  | (2,836 | )
Foreign currency translation |  |  | 331 |  |  |  | 104 |  |  |  | 49 |  |  |  | 484 |
Balance as of January 27, 2023 |  | $ | 1,067 |  |  | $ | 472 |  |  | $ | 17 |  |  | $ | 1,556 |
Estimated costs payable in cash |  |  | 25 |  |  |  | (16 | ) |  |  | 259 |  |  |  | 268 |
Cash payments |  |  | (1,050 | ) |  |  | (438 | ) |  |  | (260 | ) |  |  | (1,748 | )
Foreign currency translation |  |  | (14 | ) |  |  | (18 | ) |  |  | (1 | ) |  |  | (33 | )
Balance as of February 2, 2024 |  | $ | 28 |  |  | $ | — |  |  | $ | 15 |  |  | $ | 43 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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