Discontinued Operations

9 Months Ended

Oct. 29, 2011

Discontinued Operations [Abstract]

Discontinued Operations

3. DISCONTINUED OPERATIONS

The Company did not have any operations which were discontinued during the year-to-date period of fiscal 2011. The loss from discontinued operations for the three-month and nine-month periods of fiscal 2011 primarily consists of the costs associated with the quarterly adjustments to the lease exit liabilities that were established for the stores that closed in prior years and that have leases which have not yet been exited. These lease exit costs were approximately $0.9 million for the nine-month period ended October 29, 2011 and $1.3 million for nine-month period ended October 30, 2010.

The recognition of the costs associated with closing the stores requires the Company to make judgments and estimates regarding the nature, timing, and costs, including estimated lease exit costs net of estimated sublease income, employee severance and various other costs related to the closure of stores. Additional charges or recoveries related to the planned disposition of stores may be incurred as a result of changes to management's current estimates and assumptions. The timing of future transactions and charges related to these store closures are subject to significant uncertainty, including the variability in future vacancy periods, and sublease income or negotiations with landlords regarding buy-out payments on leases.

Results from discontinued operations were as follows:

	Three Months Ended						Nine Months Ended
	October 29, 2011			October 30, 2010			October 29, 2011			October 30, 2010
(In thousands)
Store sales	$	0		$	688		$	0		$	1,833
Costs and expenses:
Cost of store sales and occupancy		0			536			0			1,413
Operating and administrative expenses		6			186			55			604
Lease exit costs, net of estimated sublease income		339			829			905			1,269
Severance benefits and other closure costs		0			85			0			85
Loss from discontinued operations, net of tax	$	(345	)	$	(948	)	$	(960	)	$	(1,538	)