Property and Equipment

12 Months Ended

Feb. 02, 2013

7.	Property and Equipment

Property and equipment consists of the following:


*(In thousands)*	February 2, 2013			January 28, 2012
Land	$	6,364		$	6,364
Buildings		153,729			153,538
Leasehold improvements		591,736			638,496
Fixtures and equipment		671,075			656,337
Construction in progress		8,725			3,787

Property and equipment, at cost	$	1,431,630		$	1,458,522
Less: Accumulated depreciation		(921,997	)		(876,360	)

Property and equipment, net	$	509,633		$	582,162

Depreciation expense is summarized as follows:


	For the Years Ended
*(In thousands)*	February 2, 2013		January 28, 2012		January 29, 2011
Depreciation expense	$	122,756	$	135,244	$	138,329

Additionally, during Fiscal 2012, Fiscal 2011 and Fiscal 2010, the Company recorded $3.7 million, $3.4 million and $2.7 million, respectively, related to asset write-offs within depreciation and amortization expense.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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