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Fixed Assets

12 Months Ended

Oct. 31, 2011

Fixed Assets [Abstract]

Note 5 — Fixed Assets

Fixed assets consist of the following:


		October 31,
In thousands		2011				2010
Furniture and other equipment		$	164,951			$	182,655
Computer equipment			111,667				98,712
Leasehold improvements			169,995				146,384
Land use rights			40,213				40,261
Land and buildings			6,548				6,269

			493,374				474,281
Accumulated depreciation and amortization			(255,267	)			(253,931	)

		$	238,107			$	220,350

During the fiscal years ended October 31, 2011 and 2010, the Company recorded approximately $12.2 million and $11.7 million, respectively, in fixed asset impairments in continuing operations, primarily related to impairment of leasehold improvements on certain underperforming retail stores. These stores were not generating positive cash flows and are not expected to become profitable in the future. As a result, the Company is working to close these stores as soon as possible. Any charges associated with future rent commitments will be charged to future earnings upon store closure.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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