Property and Equipment

12 Months Ended

Feb. 01, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consisted of (in thousands):



	February 1, 2014			February 2, 2013			Estimated Useful Lives (In Years)
Buildings and improvements	$	23,586		$	22,213		Lesser of useful life or lease term
Furniture and fixtures	24,106			24,704			5-7
Machinery and equipment	7,462			5,996			3-7
	55,154			52,913
Less:
Accumulated depreciation	(36,375		)	(32,853		)
	$	18,779		$	20,060

Depreciation and amortization expense on property and equipment for fiscal 2013 and fiscal 2012 was $5.8 million and $7.6 million, respectively which included depreciation expense relating to building and equipment under capital leases of $0.1 million and $0.5 million for fiscal 2013 and 2012, respectively. Accumulated depreciation for building and equipment under capital leases was $0.3 million as of February 1, 2014 and $0.2 million at February 2, 2013. Net assets under capital leases were $0.1 million and $0.2 million at February 1, 2014 and February 2, 2013, respectively.

During fiscal 2013 and 2012, the Company recorded noncash impairment charges of approximately $0.5 million and $2.8 million, respectively, to reduce the net carrying value of certain retail store assets (primarily leasehold improvements) to their estimated fair value, which was determined based on discounted expected future cash flows. Lower than expected operating cash flow performance relative to the affected assets and the impact of the current economic environment on their projected future results of operations indicated that the carrying value of the related long-lived assets were not recoverable. The Company also recorded a noncash impairment charge of $5.3 million on a building under a capital lease during the fourth quarter of fiscal 2012 due to changes in anticipated sublease revenue. These asset impairment charges are included in asset impairment in the accompanying consolidated statements of operations. See Note 14 for further discussion of capital leases.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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