Discontinued Operations

9 Months Ended

Nov. 02, 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 and six underperforming stores in the third quarters of fiscal 2013 and 2012, respectively, and during the first three quarters of fiscal 2013 and 2012, the Company closed thirteen and fourteen 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 Third Quarter Ended			For the Three Quarters Ended
	October 27, 2012			October 27, 2012
Net sales	$	12,956		$	37,531
Cost of goods sold, including buying, distribution and occupancy costs	12,630			30,684
Gross margin	326			6,847
Selling, general and administrative expenses	2,727			9,268
Operating loss	(2,401		)	(2,421		)
Income taxes	42			42
Loss from discontinued operations	$	(2,443	)	$	(2,463	)