Property, Equipment and Improvements, Net (Note)

6 Months Ended

Aug. 03, 2013

Property, Plant and Equipment [Abstract]

Property, Equipment and Improvements, Net

NOTE 4 — Property, Equipment and Improvements, Net

Property, equipment and improvements, net consisted of the following (in thousands):



Description	Estimated Useful Life	August 3, 2013			February 2, 2013
Land	—	$	1,597		$	1,597
Corporate office, distribution center and related building improvements	25 years	12,323			12,323
Store leasehold improvements	Shorter of the useful life or term of related lease, typically 10 years	56,081			57,954
Store furniture and fixtures	3 to 10 years	71,926			73,865
Corporate office and distribution center furniture, fixtures and equipment	7 years	5,550			5,550
Computer and point of sale hardware and software	3 to 5 years	34,854			34,746
Construction in progress	—	3,713			1,040
Total property, equipment and improvements, gross		186,044			187,075
Less accumulated depreciation and amortization		(148,305		)	(145,845		)
Total property, equipment and improvements, net		$	37,739		$	41,230

The Company reviews long-lived assets with definite lives at least annually, or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. As a result of an impairment analysis, which included the evaluation of individual under-performing stores and assessing the recoverability of the carrying value of the improvements and equipment related to each of the stores, the Company recorded approximately $0.1 million for long-lived asset impairments during each of the twenty-six week periods ended August 3, 2013 and July 28, 2012.

The Company's assessment of the recoverability of the carrying value of its assets involves the projection of future cash flows, which requires the use of significant estimates and assumptions. Differences in circumstances or estimates could produce significantly different results.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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