PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 01, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:

	February 1, 2020			February 2, 2019
	(in thousands)
Property and equipment:
Land and land improvements	$	3,403		$	3,403
Building and improvements	35,568			35,568
Material handling equipment	53,540			51,934
Leasehold improvements	285,955			301,233
Store fixtures and equipment	272,158			273,430
Capitalized software	265,610			254,064
Construction in progress	33,240			14,823
	949,474			934,455
Less accumulated depreciation and amortization	(712,576		)	(674,098		)
Property and equipment, net	$	236,898		$	260,357

During Fiscal 2019, the Company performed impairment testing on 924 stores with a total net book value of $65.0 million. During Fiscal 2019, the Company recorded $6.0 million of impairment charges of which $3.2 million related primarily to the impairment of 29 stores, and $2.8 million related to the write-down of information technology systems.

During Fiscal 2018, the Company performed impairment testing on 972 stores with a total net book value of $81.4 million. During Fiscal 2018, the Company recorded $6.1 million of impairment charges of which $1.7 million related to the full impairment of 11 stores, and $4.4 million related to the write-down of information technology systems.

During Fiscal 2017, the Company performed impairment testing on 1,014 stores with a total net book value of $79.4 million. During Fiscal 2017, the Company recorded $2.8 million of impairment charges primarily related to 21 stores, all of which were fully impaired. Additionally, the Company recorded asset impairment charges of $2.4 million related to the write-down of information technology systems.