Property and Equipment, net

12 Months Ended

Feb. 03, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

7. Property and Equipment, net

Property and equipment, net consists of the following:

	Fiscal Years Ending
	February 3,			January 28,
(In thousands)	2024			2023
Land	$	17,910		$	17,910
Buildings		222,660			222,857
Leasehold improvements		850,519			822,292
Fixtures and equipment		1,335,173			1,635,897
Construction in progress		852			8,105
Property and equipment, at cost	$	2,427,114		$	2,707,061
Less: Accumulated depreciation		(1,713,778	)		(1,925,547	)
Property and equipment, net	$	713,336		$	781,514

Depreciation expense is as follows:

	Fiscal Years Ending
	February 3,		January 28,		January 29,
(In thousands)	2024		2023		2022
Depreciation expense	$	230,833	$	208,014	$	161,492

Additionally, during Fiscal 2023, Fiscal 2022 and Fiscal 2021, the Company recorded $3.6 million, $4.4 million, and $4.4 million, respectively, related to asset write-offs within depreciation and amortization expense.