PROPERTY AND EQUIPMENT

6 Months Ended

Jul. 30, 2011

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	Asset Life	July 30, 2011			January 29, 2011			July 31, 2010
Property and equipment:
Land and land improvements	—	$	3,403		$	3,403		$	3,403
Building and improvements	20-25 yrs	34,370			34,360			33,886
Material handling equipment	10-15 yrs	51,021			50,011			48,506
Leasehold improvements	Lease life	406,330			398,991			388,954
Store fixtures and equipment	3-10 yrs	290,524			279,674			267,970
Capitalized software	5 yrs	77,080			71,993			68,848
Construction in progress	—	17,343			18,951			10,262
		880,071			857,383			821,829
Less accumulated depreciation and amortization		(548,794		)	(536,782		)	(503,574		)
Property and equipment, net		$	331,277		$	320,601		$	318,255

During the Second Quarter 2011, the Company recorded $1.0 million of impairment charges primarily related to four underperforming stores.  During the Second Quarter 2010, the Company recorded $1.2 million of impairment charges primarily related to three underperforming stores.

During Year-To-Date 2011, the Company recorded $1.4 million of impairment charges primarily related to six underperforming stores.  During Year-To-Date 2010, the Company recorded $2.2 million of impairment charges primarily related to four underperforming stores.

As of July 30, 2011, January 29, 2011 and July 31, 2010, the Company had approximately $5.6 million, $4.7 million and $3.1 million, respectively, in property and equipment for which payment had not been made.  These amounts are included in accounts payable and accrued expenses and other current liabilities.