Gain on Sale of Distribution Center

9 Months Ended

Nov. 02, 2019

Gain (Loss) on Disposition of Property Plant Equipment [Abstract]

Real Estate Disclosure [Text Block]

GAIN ON SALE OF DISTRIBUTION CENTER

On October 30, 2019, we completed the sale of our distribution center located in Rancho Cucamonga, California. As part of our agreement with the purchaser, we will lease the property back from the purchaser for six months while we wind down our operations at the distribution center. The lease permits us to exit the lease early or extend the lease for up to six additional months. Net proceeds from the sale of the distribution center were $190.3 million and our gain on the sale was $178.5 million.