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Impairment Charges
12 Months Ended
Mar. 01, 2014
Property, Plant and Equipment [Abstract]  
Impairment Charges
Impairment Charges
The 2014 impairment charges of $2.1 million were primarily the result of the write-off of obsolete store technology assets and fixtures. The asset impairment charges for the obsolete store technology assets and fixtures were calculated as the difference between the carrying amount of the impaired assets and their estimated future discounted cash flows.
The 2013 impairment charges of $5.6 million were primarily the result of a $3.7 million charge associated with the Company’s updated website that was launched during the third quarter of fiscal 2013. Subsequently, it became apparent that there was a degradation of the customer experience, evidenced by a decline in several key performance indicators. As a result, the Company made the strategic decision to transition back to the Company’s legacy website given the importance of the selling season. In February 2013, the Company made the decision to permanently abandon the updated website. The 2013 impairment charge also included a $1.9 million charge for the write-off of long-lived assets of 6 underperforming stores.
The 2012 impairment charges of $1.0 million were the result of a write-off of long-lived assets of 4 underperforming stores.