Property and Equipment

12 Months Ended

Feb. 02, 2013

NOTE 5. Property and Equipment

Property and equipment are summarized as follows (in thousands):

	Fiscal Year
	2012			2011

Leasehold improvements	$	166,807		$	159,639
Furniture, fixtures and equipment		118,351			114,719
Software and licenses		66,761			65,455
Building and land		14,270			14,270

		366,189			354,083
Less: Accumulated depreciation and amortization		(258,842	)		(248,293	)

Property and equipment, net	$	107,347		$	105,790

We recorded depreciation expense in the amounts of $33.1 million, $35.7 million and $40.9 million for fiscal 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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