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ASSET IMPAIRMENT
 12 Months Ended
Feb. 03, 2024
Asset Impairment [Abstract]  
Asset Impairment Charges [Text Block] ASSET IMPAIRMENT
The following table provides additional details related to long-lived asset impairment charges:
(in thousands)Fiscal 2023Fiscal 2022Fiscal 2021
Operating lease right-of-use asset impairment $1,441 $6,248 $9,509 
Property and equipment asset impairment (1)
6,848 7,783 2,591 
Total asset impairment (2)
$8,289 $14,031 $12,100 
(1) Amounts for Fiscal 2022 include store asset impairment of $4.8 million and other asset impairment of $3.0 million. Amounts for Fiscal 2023 and Fiscal 2021 only include store asset impairment.
(2)Included in Stores and distribution expense on the Consolidated Statements of Operations and Comprehensive Income (Loss).

Asset impairment charges for Fiscal 2023 were related to certain of the Company’s assets including stores across brands, primarily in the Americas and EMEA segments. The impairment charges for Fiscal 2023 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $28.1 million, including $23.7 million related to operating lease right-of-use assets.

Asset impairment charges for Fiscal 2022 were related to certain of the Company’s stores across brands, segments and store formats and other assets. The impairment charges for Fiscal 2022 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $39.7 million, including $37.0 million related to operating lease right-of-use assets.

Asset impairment charges for Fiscal 2021 were principally the result of the impact of COVID-19 and were related to certain of the Company’s stores across brands, segments and store formats. The impairment charges for Fiscal 2021 reduced the then carrying amount of the impaired stores’ assets to their fair value of approximately $18.1 million, including $15.6 million related to operating lease right-of-use assets.

Refer to Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Long-lived Asset Impairment,” for discussion regarding significant accounting policies related to impairment of the Company’s long-lived assets.