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Property and Equipment
12 Months Ended
Jan. 28, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6 – Property and Equipment

The following is a summary of Property and Equipment:

 

(In thousands)

 

January 28,
2023

 

 

January 29,
2022

 

Land

 

$

1,564

 

 

$

1,564

 

Buildings

 

 

7,670

 

 

 

7,525

 

Furniture, fixtures and equipment

 

 

202,790

 

 

 

170,321

 

Leasehold improvements

 

 

163,929

 

 

 

129,550

 

Total

 

 

375,953

 

 

 

308,960

 

Less accumulated depreciation and amortization

 

 

(234,518

)

 

 

(220,427

)

Property and equipment – net

 

$

141,435

 

 

$

88,533

 

 

Total depreciation expense associated with Property and Equipment was $20.9 million in Fiscal 2022, $14.7 million in Fiscal 2021 and $14.8 million in Fiscal 2020. As of both January 28, 2023 and January 29, 2022, there was approximately $13.3 million of construction work in process included in Property and Equipment, primarily related to store remodel and new store construction activity.

 

No impairment charges were recorded in Fiscal 2022. In fiscal years 2021 and 2020, we recorded impairment charges of $1.3 million and $3.1 million on long-lived assets held and used, respectively. Impairment charges are included in Selling, General and Administrative Expenses in our Consolidated Statements of Income.