PROPERTY AND EQUIPMENT

9 Months Ended

Oct. 29, 2011

Property, Plant and Equipment [Abstract]

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



	Asset Life	October 29, 2011			January 29, 2011			October 30, 2010
Property and equipment:
Land and land improvements	—	$	3,403		$	3,403		$	3,403
Building and improvements	20-25 yrs	34,576			34,360			34,184
Material handling equipment	10-15 yrs	51,374			50,011			49,504
Leasehold improvements	Lease life	414,520			398,991			395,553
Store fixtures and equipment	3-10 yrs	294,431			279,674			274,197
Capitalized software	5 yrs	80,033			71,993			70,347
Construction in progress	—	12,593			18,951			11,385
		890,930			857,383			838,573
Less accumulated depreciation and amortization		(564,307		)	(536,782		)	(521,009		)
Property and equipment, net		$	326,623		$	320,601		$	317,564

During the Third Quarter 2011, the Company recorded $0.4 million of impairment charges primarily related to two underperforming stores. During the Third Quarter 2010, the Company recorded $0.4 million of impairment charges primarily related to two underperforming stores.

During Year-To-Date 2011, the Company recorded $1.7 million of impairment charges primarily related to six underperforming stores. During Year-To-Date 2010, the Company recorded $2.5 million of impairment charges primarily related to six underperforming stores.

As of October 29, 2011, January 29, 2011 and October 30, 2010, the Company had approximately $3.6 million, $4.7 million and $4.3 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.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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