Impairment and Restructuring Charges

3 Months Ended

May 01, 2021

Restructuring And Related Activities [Abstract]

Impairment and Restructuring Charges

13. Impairment and Restructuring Charges

The following table represents impairment and restructuring charges for the 13 weeks ended May 2, 2020.  There were no impairment and restructuring charges for the 13 weeks ended May 1, 2021.  All amounts were recorded within impairment and restructuring charges on the Consolidated Statements of Operations.

	13 weeks ended
	May 2,
(In thousands)	2020
Impairment charges (1)	$	153,617
Severance and related employee    costs		2,002
Total impairment and restructuring    charges	$	155,619

(1) During the 13 weeks ended May 2, 2020, the Company recorded asset impairment charges of $153.6 million.  Included in this amount are retail store impairment charges of $109.6 million, of which $84.1 million relates to operating lease ROU assets and $25.5 million relates to store property and equipment (fixtures and equipment and leasehold improvements).  We also recorded $26.0 million of impairment related charges to certain corporate

property and equipment as well as $18.0 million of impairment charges related to certain cost and equity method investments.    

A roll-forward of restructuring liabilities recognized in accrued compensation and other liabilities and accrued expenses in the Consolidated Balance Sheet is as follows:

	13 Weeks Ended
	May 1,
(In thousands)	2021
Restructuring liability as of January 30, 2021	$	2,812
Add: Costs incurred, excluding non-cash charges		—
Less: Cash payments and adjustments		(1,102	)
Restructuring liability as of May 1, 2021	$	1,710