Discontinued Operations

9 Months Ended

Nov. 01, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

In accordance with ASC Topic 205, “Presentation of Financial Statements-Discontinued Operations”, the Company has presented the results of operations of its closed stores as discontinued operations for all periods presented. The Company closed one and three under-performing stores in the third quarters of fiscal 2014 and 2013, respectively, and three and thirteen under-performing stores in the first three 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 Third Quarter Ended			For the Three Quarters Ended
	(In thousands)
	November 2, 2013			November 2, 2013
Net sales	$	3,783		$	12,460
Cost of goods sold, including buying, distribution and occupancy costs	3,210			9,880
Gross margin	573			2,580
Selling, general and administrative expenses	1,019			3,778
Operating loss	(446		)	(1,198		)
Income tax expense	27			43
Loss from discontinued operations	$	(473	)	$	(1,241	)