PROPERTY AND EQUIPMENT

3 Months Ended

Apr. 29, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property and equipment, net consist of the following:

	April 29, 2017			January 28, 2017			April 30, 2016
	(In thousands)
Property and equipment:
Land and land improvements	$	3,403		$	3,403		$	3,403
Building and improvements	35,548			35,548			35,548
Material handling equipment	48,345			48,345			48,345
Leasehold improvements	316,550			317,884			329,718
Store fixtures and equipment	222,747			223,873			229,170
Capitalized software	205,625			204,901			178,318
Construction in progress	20,565			7,316			9,082
	852,783			841,270			833,584
Accumulated depreciation and amortization	(588,899		)	(576,990		)	(550,136		)
Property and equipment, net	$	263,884		$	264,280		$	283,448

At April 29, 2017, the Company performed impairment testing on 1,025 stores with a total net book value of approximately $85.6 million. During the First Quarter 2017, the Company recorded asset impairment charges of $0.5 million for six stores, all of which were fully impaired.

At April 30, 2016, the Company performed impairment testing on 1,053 stores with a total net book value of approximately $108.2 million, and did not record asset impairment charges.

As of April 29, 2017, January 28, 2017 and April 30, 2016, the Company had approximately $4.8 million, $9.4 million and $4.4 million, respectively, in property and equipment for which payment had not yet been made.  These amounts are included in accounts payable and accrued expenses and other current liabilities.