Exit Activities
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jan. 30, 2015
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Exit Activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exit Activities | NOTE 5: Exit Activities When locations under operating leases are closed, the Company recognizes a liability for the fair value of future contractual obligations, including future minimum lease payments, property taxes, utilities, common area maintenance and other ongoing expenses, net of estimated sublease income and other recoverable items. During 2014, the Company did not close or relocate any stores subject to operating leases. In 2013, the Company relocated two stores subject to operating leases. Subsequent changes to the liabilities, including a change resulting from a revision to either the timing or the amount of estimated cash flows, are recognized in the period of change. Changes to the accrual for exit activities for 2014 and 2013 are summarized as follows:
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