Discontinued Operations

6 Months Ended

Aug. 02, 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 three underperforming stores in the second quarters of fiscal 2014 and 2013, respectively and two and ten in the first half 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 Second Quarter Ended			For the First Half Ended
	(In thousands)
	August 3, 2013			August 3, 2013
Net sales	$	5,190		$	8,676
Cost of goods sold, including buying, distribution and occupancy costs	4,106			6,669
Gross margin	1,084			2,007
Selling, general and administrative expenses	1,711			2,760
Operating loss	(627		)	(753		)
Income tax expense	13			15
Loss from discontinued operations	$	(640	)	$	(768	)