Fixed Assets, net

12 Months Ended

Oct. 31, 2013

Property Plant And Equipment [Abstract]

Note 6 — Fixed Assets, net

Fixed assets consisted of the following as of the dates indicated:


	October 31,
In thousands	2013			2012
Furniture & other equipment	$	128,409		$	155,783
Leasehold improvements		175,698			136,637
Computer software & equipment		110,651			106,635
Land use rights		39,678			34,953
Land and buildings		11,482			9,459
Construction in progress		14,203			22,428

		480,121			465,895
Accumulated depreciation and amortization		(248,860	)		(230,152	)

	$	231,261		$	235,743

During fiscal 2013, 2012 and 2011, the Company recorded approximately $12 million, $7 million, and $12 million, respectively, in fixed asset impairments, primarily related to underperforming retail stores. These stores were generating negative cash flows and were not expected to become profitable in the future. As a result, the Company has already closed certain of these stores and is working to close the remaining underperforming stores as soon as practicable. Any charges associated with future rent commitments, net of expected sublease income, will be charged to future earnings upon store closure.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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