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Casualty Loss
9 Months Ended
Oct. 30, 2011
Casualty Loss [Abstract]  
Casualty Loss

Note 3: Casualty loss

On May 2, 2010, flooding occurred in Nashville, Tennessee, causing considerable damage in our Nashville store and the retail mall where our store is located. The store is covered by up to $25,000 in property and business interruption insurance subject to an overall deductible of one thousand dollars.

During the thirty-nine weeks ended October 30, 2011, we recorded $2,622 as a reduction to "Other store operating expenses" in the Consolidated Statement of Operations related to the recovery of business interruption losses from our insurance carrier, of which $1,629 was received in fiscal 2010 and deferred until the restrictions lapsed. Additionally, during fiscal 2011, we have received $1,636 from our insurance carrier in full settlement of the casualty related receivables we recorded in fiscal 2010, $798 of which relates to property and equipment, $156 relates to inventories, and $682 relates to remediation expenses and other costs incurred as a result of the flood. We also received $883 related to preopening expenses and business interruption losses which relate to future periods and are recorded in "Other liabilities" in the Consolidated Balance Sheets. The deferred insurance proceeds will be recognized during the Company's fourth fiscal quarter of 2011 as the restriction lapses. The build-out of our leased facility was completed as of October 30, 2011, and our landlord delivered to us assets with a fair value of $2,443, which resulted in a gain that we recorded in "Other store operating expenses" of $955. As of October 30, 2011, all receivables have been collected and we expect no further collections related to this casualty loss. The store reopened on November 28, 2011.