PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jan. 29, 2022

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:


	January 29, 2022		January 30, 2021
	(in thousands)
Property and equipment:
Land and land improvements	$	3,403	$	3,403
Building and improvements	36,045		36,133
Material handling equipment	64,989		58,034
Leasehold improvements	197,436		216,989
Store fixtures and equipment	212,613		226,404
Capitalized software	320,716		296,967
Construction in progress	8,170		15,211
	843,372		853,141
Less accumulated depreciation and amortization	(688,366)		(671,340)
Property and equipment, net	$	155,006	$	181,801

During Fiscal 2021, the Company reviewed its store related long-lived assets for indicators of impairment, and performed a recoverability test if indicators were identified. Based on the results of the analysis performed, the Company recorded asset impairment charges of $1.5 million, inclusive of ROU assets, primarily related to the impairment of two stores during Fiscal 2021.

During Fiscal 2020, the Company reviewed its store related long-lived assets for 749 stores with a total net book value of $43.6 million for indicators of impairment, and performed a recoverability test if indicators were identified. Based on the results of the analysis performed, the Company recorded asset impairment charges of $38.5 million, inclusive of ROU assets, primarily related to the impairment of 419 stores during Fiscal 2020.

During Fiscal 2019, the Company reviewed its store related long-lived assets for 924 stores with a total net book value of $65.0 million for indicators of impairment, and performed a recoverability test if indicators were identified. Based on the results of the analysis performed, the Company recorded asset impairment charges of $6.0 million during Fiscal 2019, of which $3.2 million related to the impairment of 29 stores, and $2.8 million related to the write-down of information technology systems.