PROPERTY AND EQUIPMENT

3 Months Ended

Apr. 30, 2016

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 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):

	April 30, 2016			January 30, 2016
Property and equipment, at cost:
Buildings and building improvements	$	119,212		$	118,907
Leasehold improvements		83,435			82,344
Automobiles and vehicles		5,357			5,433
Airplane		4,697			4,697
Furniture, fixtures and equipment		279,867			277,812
		492,568			489,193
Less: Accumulated depreciation and amortization		(367,783	)		(361,608	)
		124,785			127,585
Construction in progress		3,579			2,765
Land		8,643			8,643
Total Property and equipment, at depreciated cost	$	137,007		$	138,993