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PROPERTY AND EQUIPMENT
 3 Months Ended
May 03, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following (in thousands):
 
Asset
Life
 
May 3, 2014
 
February 1, 2014
 
May 4, 2013
Property and equipment:
 
 
 

 
 

 
 

Land and land improvements
—
 
$
3,403

 
$
3,403

 
$
3,403

Building and improvements
20-25 yrs
 
35,548

 
35,548

 
35,548

Material handling equipment
10-15 yrs
 
48,479

 
48,345

 
48,454

Leasehold improvements
3-15 yrs
 
353,164

 
350,451

 
395,391

Store fixtures and equipment
3-10 yrs
 
236,177

 
234,151

 
253,828

Capitalized software
3-10 yrs
 
64,787

 
63,874

 
74,457

Construction in progress (1)
—
 
44,070

 
43,213

 
29,145

 
 
 
785,628

 
778,985

 
840,226

Accumulated depreciation and amortization
 
 
(470,314
)
 
(466,836
)
 
(505,783
)
Property and equipment, net
 
 
$
315,314

 
$
312,149

 
$
334,443


(1)
The majority of the Construction in progress at each reporting period relates to the Company's new enterprise resource planning system.

At May 3, 2014, the Company performed impairment testing on 1,040 stores with a total net book value of approximately $146.8 million. During the First Quarter 2014, the Company recorded no impairment charges.
At May 4, 2013, the Company performed impairment testing on 981 stores with a total net book value of approximately $159.7 million. During the First Quarter 2013, the Company recorded no impairment charges.
As of May 3, 2014, February 1, 2014 and May 4, 2013, the Company had approximately $7.6 million, $10.2 million and $4.0 million, respectively, in property and equipment for which payment had not yet been made.  These amounts are included in accounts payable and accrued expenses and other current liabilities.