Property and Equipment

12 Months Ended

Feb. 03, 2024

Property, Plant and Equipment [Abstract]

Note 6 – Property and Equipment

The following is a summary of Property and Equipment:


(In thousands)	February 3, 2024			January 28, 2023
Land	$	1,564		$	1,564
Buildings		7,690			7,670
Furniture, fixtures and equipment		227,749			202,790
Leasehold improvements		188,946			163,929
Total		425,949			375,953
Less accumulated depreciation and amortization		(257,336	)		(234,518	)
Property and equipment – net	$	168,613		$	141,435

Total depreciation expense associated with Property and Equipment was $25.8 million in Fiscal 2023, $20.9 million in Fiscal 2022 and $14.7 million in Fiscal 2021. As of February 3, 2024 and January 28, 2023, there was approximately $15.5 million and $13.3 million, respectively, of construction work in process included in Property and Equipment, primarily related to store remodel and new store construction activity.

No impairment charges on long-lived assets held and used were recorded in Fiscal 2023 or in Fiscal 2022 and in Fiscal 2021, we recorded impairment charges of $1.3 million on long-lived assets held and used. Impairment charges are included in Selling, General and Administrative Expenses in our Consolidated Statements of Income.