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PROPERTY AND EQUIPMENT | 9 Months Ended
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Nov. 01, 2014
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands):
| Asset Life |  | November 1, 2014 |  | February 1, 2014 |  | November 2, 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 |  |  | 48,345 |
Leasehold improvements | 3-15 yrs |  | 348,466 |  |  | 350,451 |  |  | 379,253 |
Store fixtures and equipment | 3-10 yrs |  | 236,342 |  |  | 234,151 |  |  | 245,892 |
Capitalized software | 3-10 yrs |  | 116,426 |  |  | 63,874 |  |  | 72,642 |
Construction in progress | — |  | 19,961 |  |  | 43,213 |  |  | 34,825 |
|  |  | 808,625 |  |  | 778,985 |  |  | 819,908 |
Accumulated depreciation and amortization |  |  | (489,754 | ) |  | (466,836 | ) |  | (501,887 | )
Property and equipment, net |  |  | $ | 318,871 |  |  | $ | 312,149 |  |  | $ | 318,021 |
At November 1, 2014, the Company performed impairment testing on 1,017 stores with a total net book value of approximately $142.9 million. During the Third Quarter 2014, the Company recorded asset impairment charges of $3.3 million for 15 stores, of which 14 were fully impaired and one was partially impaired. During Year-To-Date 2014, the Company recorded store asset impairment charges of $6.4 million for 45 stores, of which 34 were fully impaired and 11 partially impaired. At November 1, 2014, the aggregate net book value of the stores that were partially impaired was approximately $1.7 million, which the Company determined to be recoverable based on an estimate of discounted future cash flows. At November 2, 2013, the Company performed impairment testing on 1,066 stores with a total net book value of approximately $168.4 million. During the Third Quarter 2013, the Company did not incur any asset impairment charges. During Year-To-Date 2013, the Company recorded store asset impairment charges of $12.7 million for 75 stores, of which 48 were fully impaired and 27 partially impaired. During Year-To-Date 2013 the Company established a strategic long term systems plan. As part of this plan, the Company concluded that certain development costs previously incurred were no longer relevant and deemed certain systems to be obsolete and needed to be replaced by enhanced capabilities in order to incorporate industry best practices as well as service our international franchisees and wholesale business partners. Accordingly, the Company recorded asset impairment charges of $9.1 million and incurred $1.2 million of selling, general and administrative expenses related to the write-down of some previously capitalized development costs and obsolete systems. As of November 1, 2014, February 1, 2014 and November 2, 2013, the Company had approximately $14.3 million, $10.2 million and $5.5 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.

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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