FLAGSHIP STORE EXIT CHARGES (Tables)

12 Months Ended

Feb. 01, 2020

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

Details of the charges incurred during Fiscal 2019, Fiscal 2018 and Fiscal 2017 related to this initiative were as follows:



(in thousands)	Fiscal 2019			Fiscal 2018		Fiscal 2017
Single lease cost ⁽¹⁾	$	23,269		$	—	$	—
Variable lease cost ⁽²⁾	20,218			—		—
Operating lease right-of-use asset impairment	3,229			—		—
Operating lease cost	46,716			—		—
Lease termination fees ⁽³⁾	—			3,688		1,996
Asset disposals and other store-closure costs ⁽⁴⁾	(1,687		)	—		345
Employee severance and other employee transition costs	2,228			2,118		52
Total flagship store exit charges	$	47,257		$	5,806	$	2,393


⁽¹⁾	Amount represents accelerated amortization associated with the operating lease right-of-use assets and the impact from remeasurement of operating lease liabilities.


⁽²⁾	Amount represents the remeasurement of the lease liability to reflect variable lease costs that became fixed upon decision to close flagship stores.


⁽³⁾	Under the new lease accounting standard, which the Company adopted on February 3, 2019, similar charges would be incorporated into the above table as a component of operating lease cost.

⁽⁴⁾

Amounts represent costs incurred in returning the store to its original condition, including updates to previous accruals for asset retirement obligations and costs to remove inventory and store assets.