PROPERTY AND EQUIPMENT

9 Months Ended

Oct. 31, 2015

Property, Plant and Equipment [Abstract]

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



	Asset Life	October 31, 2015			January 31, 2015			November 1, 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	48,345			48,479			48,479
Leasehold improvements	3-15 yrs	333,602			339,474			348,466
Store fixtures and equipment	3-10 yrs	231,090			231,797			236,342
Capitalized software	3-10 yrs	170,364			120,054			116,426
Construction in progress	—	6,302			24,644			19,961
		828,654			803,399			808,625
Accumulated depreciation and amortization		(526,438		)	(493,098		)	(489,754		)
Property and equipment, net		$	302,216		$	310,301		$	318,871

At October 31, 2015, the Company performed impairment testing on 1,059 stores with a total net book value of approximately $118.8 million. During the Third Quarter 2015, the Company recorded asset impairment charges of $0.9 million for 15 stores, of which nine were fully impaired and six were partially impaired. During Year-To-Date 2015, the Company recorded asset impairment charges of $2.4 million for 22 stores, of which 10 were fully impaired and 12 were partially impaired. At October 31, 2015, the aggregate net book value of the stores that were partially impaired was approximately $2.4 million, which the Company determined to be recoverable based on an estimate of discounted future cash flows.

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 asset impairment charges of $6.4 million for 45 stores, of which 34 were fully impaired and 11 were partially impaired.

As of October 31, 2015, January 31, 2015 and November 1, 2014, the Company had approximately $4.3 million, $6.6 million and $14.3 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.