Property and Equipment

9 Months Ended

Nov. 02, 2024

Property, Plant and Equipment [Abstract]

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


	November 2, 2024		February 3, 2024
Property and equipment, at cost
Leasehold improvements	$	191,963	$	187,114
Furniture, fixtures and equipment	120,718		122,746
Software and licenses	15,038		14,809
Construction-in-progress	2,380		3,241
	330,099		327,910
Less: Accumulated depreciation and amortization	(244,530)		(224,394)
Property and equipment, net	$	85,569	$	103,516

We recorded depreciation expense related to our property and equipment in the amounts of $8.5 million and $26.7 million during the three- and nine-month periods ended November 2, 2024, respectively. We recorded depreciation expense related to our property and equipment in the amounts of $8.8 million and $27.1 million during the three- and nine-month periods ended October 28, 2023, respectively.

We group and evaluate long-lived assets for impairment at the individual store level, which is the lowest level at which individual cash flows can be identified. During the three- and nine-month periods ended November 2, 2024 and October 28, 2023, we did not recognize any impairment charges.