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Property and Equipment and Hosted Cloud Computing Arrangements
12 Months Ended
Jan. 30, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment and Hosted Cloud Computing Arrangements

Note 5 – Property and Equipment and Hosted Cloud Computing Arrangements

The following is a summary of property and equipment:

 

(In thousands)

 

January 30,

2021

 

 

February 1,

2020

 

Land

 

$

1,564

 

 

$

1,564

 

Buildings

 

 

6,783

 

 

 

6,636

 

Furniture, fixtures and equipment

 

 

156,202

 

 

 

153,198

 

Leasehold improvements

 

 

107,405

 

 

 

105,611

 

Total

 

 

271,954

 

 

 

267,009

 

Less accumulated depreciation and amortization

 

 

(209,629

)

 

 

(199,228

)

Property and equipment – net

 

$

62,325

 

 

$

67,781

 

 

Total depreciation expense associated with property and equipment was $14.8 million in fiscal 2020, $16.8 million in fiscal 2019 and $21.8 million in fiscal 2018.  

 

In fiscal 2020 and fiscal 2019, we recorded impairment charges of $3.1 million and $1.2 million on long-lived assets held and used, respectively.  There were no impairments of long-lived assets recorded during fiscal 2018.  Impairment charges are included in selling, general and administrative expenses in our consolidated statements of income.   

In fiscal 2019, we engaged third-party providers to host our customer relationship management (“CRM”) platform, merchandise financial planning platform and our transportation, warehouse and order management systems.  These platforms are cloud computing arrangements that are software-as-a-service (“SaaS”) contracts.  Net capitalized costs related to cloud computing arrangements as of January 30, 2021 and February 1, 2020 were $14.2 million and $8.0 million, respectively.  Total amortization expense related to these arrangements was $1.3 million during fiscal year 2020 and $122,000 during fiscal year 2019.  No amortization expense was recorded in fiscal 2018.  As of January 30, 2021, approximately $3.0 million of net capitalized costs related to cloud computing arrangements were classified in other current assets and $11.2 million were classified as other noncurrent assets in our consolidated balance sheets.  As of February 1, 2020, approximately $713,000 of net capitalized costs related to cloud computing arrangements was classified in other current assets and $7.3 million was classified as other noncurrent assets in our consolidated balance sheets.