PROPERTY AND EQUIPMENT, NET

12 Months Ended

Feb. 01, 2020

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of:



(in thousands)	February 1, 2020			February 2, 2019
Land	$	28,599		$	36,875
Buildings	230,281			285,014
Furniture, fixtures and equipment	674,885			691,914
Information technology	609,917			557,607
Leasehold improvements	1,138,372			1,229,494
Construction in progress	60,913			26,319
Other	2,000			2,027
Total	2,744,967			2,829,250
Less: Accumulated depreciation	(2,079,677		)	(2,134,395		)
Property and equipment, net	$	665,290		$	694,855

The Company had $34.7 million of construction project assets in property and equipment, net as of February 2, 2019, related to the construction of buildings in certain lease arrangements where, under the previous lease accounting standard, the Company was deemed to be the owner of the construction project. Upon adoption of the new lease accounting standard, described further in Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Recent accounting pronouncements,” the Company derecognized these construction project assets.

Refer to Note 8, “ASSET IMPAIRMENT,” for details related to property and equipment impairment charges incurred during Fiscal 2019, Fiscal 2018 and Fiscal 2017.

Refer to Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and equipment, net,” for discussion regarding significant accounting policies related to the Company’s property and equipment, net.