Property, Equipment and Improvements, Net

6 Months Ended

Aug. 02, 2014

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 2, 2014			February 1, 2014
Land	—	$	1,597		$	1,597
Corporate office, distribution center and related building improvements	25 years	12,490			12,426
Store leasehold improvements	Shorter of the useful life or term of related lease, typically 10 years	54,581			52,591
Store furniture and fixtures	3 to 10 years	70,118			76,264
Corporate office and distribution center furniture, fixtures and equipment	7 years	4,431			5,069
Computer and point of sale hardware and software	3 to 5 years	35,755			34,808
Construction in progress	—	8,245			1,892
Total property, equipment and improvements, gross		187,217			184,647
Less accumulated depreciation and amortization		(145,948		)	(148,189		)
Total property, equipment and improvements, net		$	41,269		$	36,458

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 the thirteen and twenty-six week periods ended August 2, 2014. The Company recorded approximately $0.1 million for long-lived asset impairments during the twenty-six week period ended August 3, 2013.

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 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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