Discontinued Operations (Tables)

12 Months Ended

Feb. 01, 2014

Consolidated Financial Statements as a Discontinued Operation

A summary of the pre-tax exit and disposal costs recognized within Loss from Discontinued Operations on the Consolidated Income Statement for 77kids are as follows. There were no exit or disposal costs recognized in Fiscal 2013 or Fiscal 2011 related to 77kids.

	For the Year Ended
(In thousands)	February 2, 2013
Non-cash charges
Asset impairments	$	16,623
Cash charges
Lease-related charges	$	7,768
Inventory charges		10,237
Severence charges		3,439
Total charges	$	38,067

Rollforward of Liabilities Recognized in Consolidated Balance Sheet

A rollforward of the liabilities for the exit of the 77kids brand recognized in the Consolidated Balance Sheets is as follows:

(In thousands)	February 2, 2013
Accrued liability as of January 28, 2012	$	—
Add: Costs incurred, excluding non-cash charges		13,676
Less: Cash payments		(13,676	)
Accrued liability as of February 2, 2013	$	—

Significant Components Included in Loss from Discontinued Operation on Consolidated Statement of Operation

The tables below present the significant components of 77kids’ results included in Loss from Discontinued Operations on the Consolidated Statements of Operations for the years ended February 2, 2013 and January 28, 2012, respectively.

	For the Years Ended
	February 2, 2013			January 28, 2012
Total net revenue	$	20,117		$	39,753
Loss from discontinued operations, before income taxes(1)	$	(51,839	)	$	(38,199	)
Income tax benefit		19,849			14,625
Loss from discontinued operations, net of tax	$	(31,990	)	$	(23,574	)
Loss per common share from discontinued operations:
Basic	$	(0.16	)	$	(0.12	)
Diluted	$	(0.16	)	$	(0.12	)

(1) Loss from discontinued operations is presented net of the reversal of non-cash lease credits