XML 31 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
6. Lease Obligations On Closed Stores
6 Months Ended
Jan. 25, 2014
Notes  
6. Lease Obligations On Closed Stores

6. LEASE OBLIGATIONS ON CLOSED STORES         

 

On November 6, 2013, the Company closed the Morris Plains, New Jersey store and opened a 77,000 sq. ft. replacement store in Hanover Township, New Jersey.  The Company recorded a $3,481 charge to Operating and administrative expense in the fiscal quarter ended January 25, 2014 for the remaining lease obligations, net of estimated sublease rentals, on the Morris Plains store.  As of January 25, 2014, $237 of these costs has been paid, with a remaining liability of $3,244

 

The Company is also constructing another replacement store expected to open in late fiscal 2014, for which we will have additional lease obligations remaining on the existing store of approximately $800 at the expected closing date.  We will record a charge to Operating and administrative expense for the remaining lease obligations, net of estimated sublease income, in the fiscal quarter in which we cease using the existing store.