Restructuring Charges (Notes)

12 Months Ended

Feb. 01, 2014

During the first quarter of fiscal 2014, the Company implemented plans to streamline its structure and reduce expenses in both Europe and North America. During the second quarter of fiscal 2014, the Company expanded these plans to include the consolidation and streamlining of certain operations in Europe and Asia. These actions resulted in restructuring charges related primarily to severance, impairment and lease termination costs of $12.4 million during fiscal 2014. As of February 1, 2014, the Company had a balance of approximately $4.6 million in accrued expenses for amounts expected to be paid during fiscal 2015. The Company has substantially completed its actions under these plans and does not expect significant future cash-related severance and lease termination costs to be incurred during fiscal 2015.

The following table summarizes the components of the restructuring activity during fiscal 2014 (in thousands):



	Year Ended Feb 1, 2014
	Severance			Impairment and Lease Termination			Total
Beginning balance	$	—		$	—		$	—
Charges to operations	9,206			3,236			12,442
Non-cash write-offs	—			(1,717		)	(1,717		)
Cash payments	(4,567		)	(1,492		)	(6,059		)
Foreign currency and other adjustments	(61		)	(27		)	(88		)
Ending balance	$	4,578		$	—		$	4,578

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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