SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 03, 2018

A summary of rent expense follows:



(in thousands)	Fiscal 2017			Fiscal 2016			Fiscal 2015
Store rent expense:
Fixed minimum ⁽¹⁾	$	373,457		$	408,575		$	404,836
Contingent	14,752			11,690			10,161
Deferred lease credits amortization	(22,149		)	(24,557		)	(28,619		)
Total store rent expense	366,060			395,708			386,378
Buildings, equipment and other	9,752			5,772			3,849
Total rent expense	$	375,812		$	401,480		$	390,227


⁽¹⁾	Includes lease termination fees of $2.0 million, $15.5 million and $3.3 million for Fiscal 2017, Fiscal 2016 and Fiscal 2015, respectively. Fiscal 2015 includes a benefit of $1.6 million related to better than expected lease exit terms associated with the closure of the Gilly Hicks stand-alone stores.

Schedule of Operating Lease Commitments Under Non-Cancelable Leases

A summary of operating lease commitments, including leasehold financing obligations, under noncancelable leases follows:



(in thousands)
Fiscal 2018	$	356,620
Fiscal 2019	$	286,485
Fiscal 2020	$	232,591
Fiscal 2021	$	178,218
Fiscal 2022	$	136,478
Thereafter	$	327,817

Schedule of Weighted Average Number of Shares

Additional information pertaining to net income per share attributable to A&F is as follows:



(in thousands)	Fiscal 2017		Fiscal 2016		Fiscal 2015
Shares of Common Stock issued	103,300		103,300		103,300
Weighted-average treasury shares	(34,909	)	(35,422	)	(34,420	)
Weighted-average — basic shares	68,391		67,878		68,880
Dilutive effect of share-based compensation awards	1,012		406		537
Weighted-average — diluted shares	69,403		68,284		69,417
Anti-dilutive shares ⁽¹⁾	5,379		6,107		8,967


⁽¹⁾	Reflects the total number of shares related to outstanding share-based compensation awards that have been excluded from the computation of net income per diluted share attributable to A&F because the impact would have been anti-dilutive.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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