Schedule of Property and Equipment |
Property and equipment consists of the following (in thousands): | | | | | | | | | JANUARY 30, | | FEBRUARY 1, | | | 2021 | | 2020 | Finance lease right-of-use assets (1) | | $ | 844,832 | | $ | 734,425 | Leasehold improvements (2) | | | 340,546 | | | 318,313 | Computer software | | | 143,571 | | | 138,328 | Furniture, fixtures and equipment | | | 92,736 | | | 79,575 | Machinery, equipment and aircraft | | | 67,080 | | | 66,228 | Building and building improvements (3) | | | 43,193 | | | 33,370 | Built-to-suit property | | | 24,881 | | | 2,882 | Land | | | 9,059 | | | 6,061 | Total property and equipment | | | 1,565,898 | | | 1,379,182 | Less—accumulated depreciation and amortization (4) | | | (488,700) | | | (411,583) | Total property and equipment—net | | $ | 1,077,198 | | $ | 967,599 |
(1) | Refer to “Lease Accounting” within Note 3—Significant Accounting Policies and Note 11—Leases. |
(2) | Leasehold improvements include construction in progress of $31.7 million and $16.0 million as of January 30, 2021 and February 1, 2020, respectively. |
(3) | Building and building improvements as of January 30, 2021 includes $40.2 million of owned buildings under construction related to future Design Galleries. |
(4) | Includes accumulated amortization related to finance lease right-of-use assets of $133.0 million and $92.3 million as of January 30, 2021 and February 1, 2020, respectively. Refer to Note 11—Leases. |
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