Discontinued Operations (Tables)

12 Months Ended

Jan. 31, 2015

Consolidated Financial Statements as a Discontinued Operation

A summary of costs recognized within Restructuring Charges on the Consolidated Income Statement for the 13 weeks ended November 1, 2014 are included in the table as follows.

(In thousands)	For the year ended
	January  31, 2015
Cash restructuring charges
Office space consolidation charges	$	8,571
Severance and related employee costs		7,816
Other corporate items		1,365
Total restructuring charges	$	17,752

Rollforward of Liabilities Recognized in Consolidated Balance Sheet

A rollforward of the liabilities recognized in the Consolidated Balance Sheet is as follows:

(In thousands)	January 31, 2015
Accrued liability as of February 1, 2014	$	—
Add: Costs incurred, excluding non-cash charges		17,752
Less: Cash payments		(5,296	)
Accrued liability as of January 31, 2015	$	12,456

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 January 31, 2015, February 1, 2014 and February 2, 2013.

	For the Years Ended
	January 31, 2015			February 1, 2014		February 2, 2013
Total net revenue	$	—		$	—	$	20,117
Loss from discontinued operations, before income taxes(1)	$	(13,673	)	$	—	$	(51,839	)
Income tax benefit		5,208			—		19,849
Loss from discontinued operations, net of tax	$	(8,465	)	$	—	$	(31,990	)
Loss per common share from discontinued operations:
Basic	$	(0.04	)	$	—	$	(0.16	)
Diluted	$	(0.04	)	$	—	$	(0.16	)

(1) Loss from discontinued operations is presented net of the reversal of non-cash lease credits for Fiscal 2012

Segment, Discontinued Operations

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 related to 77kids.

	For the Years Ended
(In thousands)	January 31, 2015		February 1, 2014		February 2, 2013
Non-cash charges
Asset impairments	$	—	$	—	$	16,623
Cash charges
Lease-related charges	$	13,673	$	—	$	7,768
Inventory charges		—		—		10,237
Severence charges		—		—		3,439
Total charges	$	13,673	$	—	$	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)	January 31, 2015
Accrued liability as of February 1, 2014	$	—
Add: Costs incurred		25,173
Less: Cash payments		(10,537	)
Accrued liability as of January 31, 2015	$	14,636