PROPERTY AND EQUIPMENT

6 Months Ended

Aug. 01, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

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 selling, general and administrative expenses.

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

	August 1, 2015			January 31, 2015
Property and equipment, at cost:
Buildings and building improvements	$	117,760		$	115,863
Leasehold improvements		79,111			76,822
Automobiles and vehicles		5,849			5,764
Airplane		4,697			4,697
Furniture, fixtures and equipment		273,056			267,397
		480,473			470,543
Less: Accumulated depreciation and amortization		(352,376	)		(339,195	)
		128,097			131,348
Construction in progress		3,570			4,033
Land		8,643			8,604
Total Property and equipment, at depreciated cost	$	140,310		$	143,985