Restructuring and Other Charges (Tables)

3 Months Ended

Apr. 28, 2012

Restructuring and Related Activities [Abstract]

Schedule of restructuring and other charges

The following table summarizes our restructuring and other charges:



	Costs Incurred as of		Costs Incurred for Thirteen Weeks Ended			Estimated Remaining Costs			Total Estimated/ Actual Costs as of
(In thousands)	January 28, 2012		April 28, 2012			To be Incurred			April 28, 2012
Fiscal 2011 Announcements
Transformational initiatives	$	6,194	$	1,741		$	2,072	⁽¹⁾	$	10,007
Store impairment charges	654		—			—			654
Store lease termination charges	2,254		(87		)	—			2,167

Fiscal 2010 Announcements
Closing of under-performing stores:
Non-cash impairment charge for CATHERINES^® stores in outlet locations	3,210		—			—			3,210
Store lease termination and other charges	208		(297		)	4,200			4,111
Severance for departure of former CEO	2,898		(20		)	—			2,878

Fiscal 2009 Announcements
Closing of PETITE SOPHISTICATE OUTLET® stores:
Non-cash accelerated depreciation	612		—			—			612
Store lease termination charges	1,070		—			—			1,070
Other non-cash costs	195		—			—			195
Closing of under-performing stores:
Store lease termination charges	4,623		(380		)	300			4,543

Fiscal 2007 and Fiscal 2008 Announcements
Lease termination and accretion charges	11,557		70			1,485		⁽²⁾	13,112
Severance, retention, and other costs	5,137		—			—			5,137
Closing of under-performing stores:
Store lease termination charges	8,305		—			—			8,305
Total	$	46,917	$	1,027		$	8,057		$	56,001

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(1)	We cannot estimate all remaining costs related to our comprehensive strategic review at this time.


(2)	Accretion charges related to lease termination liability for assets retained from the sale of our Crosstown Traders apparel catalogs.

Schedule of accrued restructuring and other charges

The following table summarizes our accrued restructuring and other charges:



	Accrued		Thirteen Weeks Ended						Accrued
	as of		April 28, 2012						as of
(In thousands)	January 28, 2012⁽¹⁾		Costs Incurred			Payments/ Settlements			April 28, 2012⁽¹⁾
Fiscal 2011 Announcements
Transformational initiatives	$	2,214	$	1,741		$	(2,914	)	$	1,041
Store lease termination charges	1,343		—			(743		)	600

Fiscal 2010 Announcements
Severance for departure of former CEO	788		(20		)	(252		)	516
Closing of under-performing stores:
Store lease termination charges	661		—			(426		)	235

Fiscal 2009 Announcements
Closing of PETITE SOPHISTICATE OUTLET stores:
Store lease termination charges	163		—			(44		)	119
Closing of under-performing stores:
Store lease termination charges	1,751		—			(323		)	1,428

Fiscal 2007 and Fiscal 2008 Announcements
Non-core misses apparel assets:
Lease termination charges	4,156		70			(652		)	3,574
Other costs	153		—			—			153
Transformational initiatives:
Severance and retention costs	—		—			—			—
Closing of under-performing stores:
Store lease termination charges	465		—			(62		)	403
Total	$	11,694	$	1,791		$	(5,416	)	$	8,069

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(1)	Included in “Accrued expenses” in the accompanying condensed consolidated balance sheets.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details