Discontinued Operations

12 Months Ended

Feb. 01, 2014

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. During fiscal 2013, 2012 and 2011, the Company closed 30, 92 and 119 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:

	Fiscal Year Ended
	February 1, 2014			February 2, 2013		January 28, 2012
	(In thousands)
Net sales	$	16,133		$	73,532	$	137,099
Cost of goods sold, including buying, distribution and occupancy costs	13,033			54,231		112,189
Gross margin	3,100			19,301		24,910
Selling, general and administrative expenses	4,864			18,719		50,834
Operating (loss) income	(1,764		)	582		(25,924		)
Income tax (benefit) expense	(19		)	74		(664		)
(Loss) income from discontinued operations	$	(1,745	)	$	508	$	(25,260	)