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Asset Impairments and Other Charges
3 Months Ended
May 02, 2020
Asset Impairment Charges [Abstract]  
Asset Impairments and Other Charges

 

Note 4

Asset Impairments and Other Charges

Asset impairment charges are reflected as a reduction of the net carrying value of property and equipment in the accompanying Condensed Consolidated Balance Sheets, and in asset impairments and other, net in the accompanying Condensed Consolidated Statements of Operations.

We recorded pretax charges of $7.9 million in the first quarter of Fiscal 2021, including $5.3 million for trademark impairment and $3.0 million for retail store asset impairments, partially offset by a $(0.4) million gain for the release of an earnout related to the Togast acquisition. We recorded a pretax gain of $(0.7) million in the first quarter of Fiscal 2020, including a gain of $(1.0) million for lease terminations, partially offset by a $0.3 million charge for retail store asset impairments.