PROPERTY AND EQUIPMENT

6 Months Ended

Aug. 01, 2015

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following (in thousands):



	Asset Life	August 1, 2015			January 31, 2015			August 2, 2014
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			48,479			48,479
Leasehold improvements	3-15 yrs	336,327			339,474			347,737
Store fixtures and equipment	3-10 yrs	231,964			231,797			235,772
Capitalized software	3-10 yrs	128,051			120,054			105,522
Construction in progress	—	39,317			24,644			14,327
		823,089			803,399			790,788
Accumulated depreciation and amortization		(515,989		)	(493,098		)	(479,578		)
Property and equipment, net		$	307,100		$	310,301		$	311,210

At August 1, 2015, the Company performed impairment testing on 1,049 stores with a total net book value of approximately $124.4 million. During the Second Quarter 2015, the Company recorded asset impairment charges of $1.5 million for 10 stores, of which two were fully impaired and eight were partially impaired. At August 1, 2015, the aggregate net book value of the stores that were partially impaired was approximately $1.0 million, which the Company determined to be recoverable based on an estimate of discounted future cash flows.

At August 2, 2014, the Company performed impairment testing on 995 stores with a total net book value of approximately $144.4 million. During the Second Quarter 2014, the Company recorded asset impairment charges of $3.0 million for 30 stores, of which 19 were fully impaired and 11 were partially impaired.

As of August 1, 2015, January 31, 2015 and August 2, 2014, the Company had approximately $5.3 million, $6.6 million and $6.9 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.