PROPERTY, EQUIPMENT AND IMPROVEMENTS, NET

9 Months Ended

Oct. 27, 2012

PROPERTY, EQUIPMENT AND IMPROVEMENTS, NET

PROPERTY, EQUIPMENT AND IMPROVEMENTS, NET

NOTE 6 — PROPERTY, EQUIPMENT AND IMPROVEMENTS, NET

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

	Estimated	October 27,			January 28,
Description	Useful Life	2012			2012
Land	—	$	1,597		$	1,597
Corporate office, distribution center and related building improvements	25 years	12,322			12,319
Store leasehold improvements	Term of related lease, typically 10 years	59,445			62,961
Store furniture and fixtures	3-10 years	75,731			79,793
Corporate office and distribution center furniture, fixtures and equipment	7 years	5,547			5,562
Computer and point-of-sale hardware and software	3-5 years	34,733			34,039
Construction in progress		705			518
		190,080			196,789
Less accumulated depreciation and amortization		(145,116		)	(140,346		)
Net property, equipment and improvements		$	44,964		$	56,443

We review 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.  We recorded $0.1 million for long-lived asset impairment in the quarter ended April, 28, 2012 and no asset impairment charges were recorded in the quarters ended July 28, 2012 and October 27, 2012.  The current challenging economic environment and general economic uncertainty affecting the retail industry make it reasonably possible that long-lived asset impairments could be identified and recorded in future periods.