Discontinued Operations

3 Months Ended

May 04, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

12. 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 the first quarters of fiscal 2013 and 2012, the Company closed seven and five 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 First Quarter Ended April 28, 2012
Net sales	$	11,561
Cost of goods sold, including buying, distribution and occupancy costs		8,693
Gross margin		2,868
Selling, general and administrative expenses		3,320
Operating loss		(452	)
Income taxes		7
Loss from discontinued operations	$	(459	)