Flagship Store Exit Charges (Tables)

6 Months Ended

Aug. 03, 2019

Restructuring Cost and Reserve [Line Items]

Flagship Store Exit Charges [Table Text Block]

The following table provides additional details related to these charges incurred during the thirteen and twenty-six weeks ended August 3, 2019 and August 4, 2018.



	Thirteen Weeks Ended					Twenty-six Weeks Ended
(in thousands)	August 3, 2019			August 4, 2018		August 3, 2019			August 4, 2018
Single lease cost ⁽¹⁾	$	23,269		$	—	$	23,269		$	—
Variable lease cost ⁽²⁾	20,218			—		20,218			—
Operating lease right-of-use asset impairment	3,229			—		3,229			—
Operating lease cost	46,716			—		46,716			—
Lease termination fees ⁽³⁾	—			—		—			3,688
Asset disposals and other store-closure costs ⁽⁴⁾	(1,675		)	—		(1,687		)	—
Employee severance and other employee transition costs	(47		)	—		1,709			120
Total flagship store exit charges	$	44,994		$	—	$	46,738		$	3,808


⁽¹⁾	Amounts represent accelerated amortization associated with the operating lease right-of-use assets and liabilities and the impact from remeasurement of operating lease liabilities.


⁽²⁾	Amounts represent the remeasurement of the lease liability to reflect variable lease costs that became fixed upon decision to close aforementioned flagship stores.


⁽³⁾	Under the new lease accounting standard, which the Company adopted on February 3, 2019, similar charges would be incorporated into the above table as a component of operating lease cost.

⁽⁴⁾

Amounts represent costs incurred in returning the store to its original condition, including updates to previous accruals for asset retirement obligations and costs to remove inventory and store assets.