Valuation of Long-Lived Assets	9 Months Ended
Oct. 29, 2011
Valuation of Long-Lived Assets	NOTE 11. Valuation of Long-Lived Assets We assess the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. We group and evaluate long-lived assets for impairment at the individual store level, which is the lowest level at which individual cash flows can be identified. Factors we consider important that could trigger an impairment review of our stores or online operations include a significant underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset or a significant negative industry or economic trend. When we determine that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method using a discount rate determined by management. These cash flows are calculated by netting future estimated sales against associated merchandise costs and other related expenses such as payroll, occupancy and marketing. The estimated sales, net of the aforementioned costs and expenses, used for this nonrecurring fair value measurement is considered a Level 3 input as defined in “NOTE 9 – Fair Value Measurements.” In the event future performance is lower than forecasted results, future cash flows may be lower than expected, which could result in future impairment charges. While we believe recently opened stores will provide sufficient cash flow, material changes in results could result in future store impairment charges. For the third quarter of fiscal 2011 and 2010, we recorded store impairment charges of $337,000 and $457,000, respectively, which are included in selling, general and administrative expenses in our consolidated statements of operations. For fiscal year-to-date 2011 and 2010, we recorded store impairment charges of $1.9 million, of which $0.9 million relates to the strategic business changes, and $0.9 million, respectively, which are included in selling, general and administrative expenses in our consolidated statements of operations.

NOTE 11. Valuation of Long-Lived Assets

We assess the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. We group and evaluate long-lived assets for impairment at the individual store level, which is the lowest level at which individual cash flows can be identified. Factors we consider important that could trigger an impairment review of our stores or online operations include a significant underperformance relative to expected historical or projected future operating results, a significant change in the manner of the use of the asset or a significant negative industry or economic trend. When we determine that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more of the aforementioned factors, impairment is measured based on a projected discounted cash flow method using a discount rate determined by management. These cash flows are calculated by netting future estimated sales against associated merchandise costs and other related expenses such as payroll, occupancy and marketing. The estimated sales, net of the aforementioned costs and expenses, used for this nonrecurring fair value measurement is considered a Level 3 input as defined in “NOTE 9 – Fair Value Measurements.” In the event future performance is lower than forecasted results, future cash flows may be lower than expected, which could result in future impairment charges. While we believe recently opened stores will provide sufficient cash flow, material changes in results could result in future store impairment charges.

For the third quarter of fiscal 2011 and 2010, we recorded store impairment charges of $337,000 and $457,000, respectively, which are included in selling, general and administrative expenses in our consolidated statements of operations. For fiscal year-to-date 2011 and 2010, we recorded store impairment charges of $1.9 million, of which $0.9 million relates to the strategic business changes, and $0.9 million, respectively, which are included in selling, general and administrative expenses in our consolidated statements of operations.