Discontinued Operations

6 Months Ended

Aug. 03, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

In accordance with ASC Topic 205, “Presentation of Financial Statements- Discontinued Operations” (“ASC 205”), the Company has presented the results of operations of its closed stores as discontinued operations for all periods presented. The Company closed three underperforming stores in each of the second quarters of fiscal 2013 and 2012, and during the first half of fiscal 2013 and 2012, the Company closed ten and eight underperforming stores, respectively. If the cash flow of the closed store was determined not to be significant to ongoing operations, and the cash inflows of nearby stores were not expected to increase significantly, the results of operations of the closed store are included in discontinued operations. The following table details the operating results included in discontinued operations for the periods presented:

	For the Second Quarter Ended			For the First Half Ended
	July 28, 2012			July 28, 2012
Net sales	$	13,014		$	24,575
Cost of goods sold, including buying, distribution and occupancy costs	9,361			18,054
Gross margin	3,653			6,521
Selling, general and administrative expenses	3,221			6,541
Operating income (loss)	432			(20		)
Income taxes	(7		)	—
Income (loss) from discontinued operations	$	439		$	(20	)