Property, Equipment and Leasehold Improvements (Tables)

9 Months Ended

Nov. 02, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

The components of property, equipment and leasehold improvements were as follows (in thousands): 

	November 2, 2019		February 2, 2019		November 3, 2018
Land	$	540	$	1,544	$	1,544
Buildings and improvements	10,393		12,969		12,969
Fixtures and equipment	535,923		530,385		540,371
Leasehold improvements	413,236		413,271		411,072
Property, equipment and leasehold improvements	960,092		958,169		965,956
Less: Accumulated depreciation	778,376		733,366		736,014
Property, equipment and leasehold improvements, net	$	181,716	$	224,803	$	229,942

Depreciation and Store Impairment [Table Text Block]

Depreciation expense and impairment charges were as follows for each period presented (in thousands):

	Three Months Ended				Nine Months Ended
	November 2, 2019		November 3, 2018		November 2, 2019		November 3, 2018
Depreciation and amortization	$	15,272	$	13,988	$	45,144	$	44,135
Store impairment (a)	1,466		—		2,116		1,070
E-commerce impairment (b)	7,889		—		7,889		—
Intangible asset impairment (c)	325		—		325		—
Airplane impairment (d)	—		—		965		—
Total depreciation, amortization and impairment	$	24,952	$	13,988	$	56,439	$	45,205
Depreciation, amortization and impairment in cost of sales and related buying, occupancy and distribution expenses	$	16,070	$	11,241	$	39,767	$	35,617
Depreciation, amortization and impairment in selling, general and administrative expenses	8,882		2,747		16,672		9,588
Total depreciation, amortization and impairment	$	24,952	$	13,988	$	56,439	$	45,205

^(a) See Note 2 for further disclosures regarding store impairment charges.

^(b) We plan to discontinue e-commerce order fulfillment from our distribution centers and stores after the 2019 holiday shopping season to focus on off-price stores. Accordingly, we fully impaired property and equipment associated with these operations because we do not expect to recover any of the carrying value of these assets. E-commerce operations will subsequently be restricted to drop-ship order fulfillment. Of these impairment charges, $2.4 million were recorded in cost of sales and related buying, occupancy and distribution expenses, and $5.5 million were recorded in selling, general and administrative expenses.

^(c) Represents full impairment of the Stage.com domain name associated with the planned discontinuance of e-commerce order fulfillment from our distribution centers and stores after the 2019 holiday shopping season. Impairment charges related to the Stage.com domain name were recorded in selling, general and administrative expenses.

^(d) Represents partial impairment of an airplane based on a third-party valuation obtained in connection with its sale. Impairment charges related to the airplane were recorded in selling, general and administrative expenses. We sold the airplane in the third quarter 2019 and recognized a loss of $0.4 million on the sale for the three and nine months ended November 2, 2019. The loss on sale of the airplane was recorded in selling, general and administrative expenses.