Discontinued Operations

12 Months Ended

Feb. 02, 2013

Discontinued Operations

14.  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 2012, 2011 and 2010, the Company closed 92, 119 and 44 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 2, 2013		January 28, 2012			January 29, 2011
	(In thousands)
Net sales	$	55,206	$	118,891		$	153,640
Cost of goods sold, including buying, distribution and occupancy costs		40,539		97,303			123,345
Gross margin		14,667		21,588			30,295
Selling, general and administrative expenses		14,464		46,535			48,632
Operating income (loss)		203		(24,947	)		(18,337	)
Income expense (benefit)		59		(642	)		(490	)
Income (loss) from discontinued operations	$	144	$	(24,305	)	$	(17,847	)