Asset Impairment (Notes)

3 Months Ended

May 01, 2021

Asset Impairment [Abstract]

Asset Impairment [Text Block]

Asset impairment charges for the thirteen weeks ended May 1, 2021 and May 2, 2020 were as follows:

	Thirteen Weeks Ended
(in thousands)	May 1, 2021		May 2, 2020
Operating lease right-of-use asset impairment	$	2,464	$	35,008
Property and equipment asset impairment	200		7,920
Total asset impairment	$	2,664	$	42,928

Asset impairment charges for the thirteen weeks ended May 1, 2021 related to certain of the Company’s stores across brands, geographies and store formats. The impairment charges for the thirteen weeks ended May 1, 2021 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $6.3 million, including $5.7 million related to operating lease right-of-use assets.

Asset impairment charges for the thirteen weeks ended May 2, 2020 were principally the result of the impact of COVID-19 and were related to certain of the Company’s stores across brands, geographies and store formats. The impairment charges for the thirteen weeks ended May 2, 2020 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $127.9 million, including $118.8 million related to operating lease right-of-use assets.