Discontinued Operations

3 Months Ended

May 03, 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. The Company closed one and seven underperforming stores in the first quarters of fiscal 2014 and 2013, 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 First Quarter Ended
	May 4, 2013
Net sales	$	3,486
Cost of goods sold, including buying, distribution and occupancy costs	2,563
Gross margin	923
Selling, general and administrative expenses	1,048
Operating loss	(125		)
Income taxes	2
Loss from discontinued operations	$	(127	)