XML 32 R15.htm IDEA: XBRL DOCUMENT v3.20.1
PROPERTY AND EQUIPMENT
 3 Months Ended
May 02, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block] PROPERTY AND EQUIPMENT
Property and equipment, net consist of the following:
 May 2, 2020February 1, 2020May 4, 2019
(In thousands)
Property and equipment:   
Land and land improvements$3,403  $3,403  $3,403  
Building and improvements35,927  35,568  35,568  
Material handling equipment56,475  53,540  51,934  
Leasehold improvements270,988  285,955  299,735  
Store fixtures and equipment269,237  272,158  270,755  
Capitalized software287,918  265,610  256,343  
Construction in progress14,845  33,240  20,568  
 938,793  949,474  938,306  
Accumulated depreciation and amortization(726,782) (712,576) (688,470) 
Property and equipment, net$212,011  $236,898  $249,836  

At May 2, 2020, the Company performed impairment testing on 920 stores with a total net book value of approximately $65.0 million. During the First Quarter 2020, the Company recorded asset impairment charges of $37.1 million, including approximately $19.2 million related to fixed assets and approximately $17.9 million related to ROU assets recorded in connection with Topic 842, primarily for 412 stores. These charges were related to underperforming stores identified in our ongoing store portfolio evaluation primarily as a result of decreased net revenues and cash flow projections resulting from the COVID-19 disruption.
At May 4, 2019, the Company performed impairment testing on 971 stores with a total net book value of approximately $72.0 million. During the First Quarter 2019, the Company recorded asset impairment charges of $0.3 million primarily for five stores, all of which were fully impaired.