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Impairments Impairments
12 Months Ended
Feb. 01, 2020
Asset Impairment Charges [Abstract]  
Impairments
Impairment
In connection with the adoption of the new lease accounting standard at the beginning of fiscal 2019, the Company reviewed its store portfolio for possible impairment, as right-of-use assets are now included as part of the long-lived asset group that is evaluated for impairment. As a result of this review, eight stores were identified for which the carrying amounts of the store assets were not expected to be recoverable. As of the beginning of fiscal 2019, the Company recorded an adjustment to increase the opening balance of accumulated deficit by approximately $331,000 for the cumulative effect of the adoption of ASC 842 for right-of-use assets at six of the impaired stores.
The Company recorded an impairment charge of approximately $19.2 million in fiscal 2019 and no impairment charge in fiscal 2018. The current year impairment charge includes $2.9 million for right-of-use asset impairment at nine stores,  $9.9 million for property and equipment at 38 stores for which the carrying value exceed the fair value of the store assets, $0.9 million in excess fixture impairment, $4.7 million in impaired software projects and $0.8 million related to e-commerce distribution center impairment. The total impairment charge, net of tax, for fiscal 2019 was $15.1 million.