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Store Closing Reserve
12 Months Ended
Jan. 31, 2014
Store Closing Reserve

(5)

Store Closing Reserve

From time to time and in the normal course of business, we evaluate our store base to determine if we need to close a store. Such evaluations include consideration of, among other factors, current and future expected profitability, market trends, age of store and lease status.

Amounts in “Accrued expenses and other current liabilities” and “Other liabilities” at January 31, 2014 included the current and long-term portions, respectively, of accruals for the net present value of future minimum lease payments, net of estimated sublease income, attributable to closed stores. Expenses related to store closings are included in SG&A expenses.

The following table provides a roll-forward of our store closing reserve:

 

 

Store Closing
Reserve

 

Balance at January 31, 2012

$

2,558

 

Additions to provision

 

—  

 

Changes in estimates

 

339

 

Cash outlay, net

 

(792

)

Balance at January 31, 2013

$

2,105

 

Additions to provision

 

—  

 

Changes in estimates

 

382

 

Cash outlay, net

 

(1,374

)

Balance at January 31, 2014

$

1,113