PROPERTY AND EQUIPMENT

3 Months Ended

May 04, 2013

Property, Plant and Equipment [Abstract]

Property Plant And Equipment Disclosure [Text Block]

NOTE 5: PROPERTY AND EQUIPMENT

Property and equipment are carried at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets. Improvements to leased premises are amortized using the straight-line method over the shorter of the initial term of the lease or the useful life of the improvement. Leasehold improvements added late in the lease term are amortized over the shorter of the remaining term of the lease (including the upcoming renewal option, if the renewal is reasonably assured) or the useful life of the improvement. Assets under capital leases are amortized in accordance with the Company’s normal depreciation policy for owned assets or over the lease term (regardless of renewal options), if shorter, and the charge to earnings is included in depreciation expense in the consolidated financial statements. Gains or losses on the sale of assets are recorded as a component of operating income.

The following illustrates the breakdown of the major categories within Property and Equipment (in thousands):

	May 4, 2013			February 2, 2013
Property and equipment, at cost:
Buildings and building improvements	$	113,394		$	113,164
Leasehold improvements		75,801			74,552
Automobiles and vehicles		5,550			5,601
Airplane		4,697			4,697
Furniture, fixtures and equipment		270,746			266,949
		470,188			464,963
Less: Accumulated depreciation and amortization		(321,816	)		(315,175	)
		148,372			149,788
Construction in progress		-			2
Land		8,604			8,604
Total Property and equipment, at depreciated cost	$	156,976		$	158,394