Impairments	9 Months Ended
Oct. 31, 2020
Impairments [Abstract]
Impairments	Note 10 - Impairments The Company evaluates the recoverability of the carrying amounts of long-lived assets when events or changes in circumstances dictate that their carrying values may not be recoverable. This review includes the evaluation of individual under-performing retail stores and assessing the recoverability of the carrying value of the assets related to the stores. Future cash flows are projected for the remaining lease life. If the estimated future cash flows are less than the carrying value of the assets, the Company records an impairment charge equal to the difference between the assets’ fair value and carrying value. The fair value is estimated using a discounted cash flow approach considering such factors as future sales levels, gross margins, changes in rent and other expenses as well as the overall operating environment specific to that store. The amount of the impairment charge is allocated proportionately to all assets in the asset group with no asset written down below its individual fair value. In connection with the adoption of the new lease accounting standard at the beginning of fiscal 2019, the Company reviewed its store portfolio for possible impairment, as the new right-of-use assets were included as part of the long-lived asset group that was evaluated for impairment. As of the beginning of fiscal 2019, the Company recorded an adjustment to increase the opening balance of accumulated deficit by approximately $0.3 million for the cumulative effect of the adoption of ASC 842 for right-of-use assets at six of the impaired stores. During the 13-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $15,000 and $41,000 for right-of-use asset impairment at two stores and one store, respectively. The Company also recorded an impairment charge totaling approximately $162,000 and $3.4 million for the 13-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at four stores and 17 stores, respectively, for which the carrying values exceed the respective fair values for these assets. The total impairment charge, net of tax, for the 13-week periods ended October 31, 2020 and November 2, 2019 was $121,000 and $2.5 million, respectively. During the 39-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $6.2 million and $525,000 for right-of-use asset impairment at 24 stores and three stores, respectively. The Company also recorded an impairment charge totaling approximately $2.8 million and $6.7 million for the 39-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at 22 stores during each period for which the carrying values exceed the respective fair values for these assets. The total impairment charge, net of tax, for the 39-week periods ended October 31, 2020 and November 2, 2019 was $6.9 million and $5.5 million, respectively.

Impairments

9 Months Ended

Oct. 31, 2020

Note 10 - Impairments

The Company evaluates the recoverability of the carrying amounts of long-lived assets when events or changes in circumstances dictate that their carrying values may not be recoverable. This review includes the evaluation of individual under-performing retail stores and assessing the recoverability of the carrying value of the assets related to the stores. Future cash flows are projected for the remaining lease life. If the estimated future cash flows are less than the carrying value of the assets, the Company records an impairment charge equal to the difference between the assets’ fair value and carrying value. The fair value is estimated using a discounted cash flow approach considering such factors as future sales levels, gross margins, changes in rent and other expenses as well as the overall operating environment specific to that store. The amount of the impairment charge is allocated proportionately to all assets in the asset group with no asset written down below its individual fair value.

In connection with the adoption of the new lease accounting standard at the beginning of fiscal 2019, the Company reviewed its store portfolio for possible impairment, as the new right-of-use assets were included as part of the long-lived asset group that was evaluated for impairment. As of the beginning of fiscal 2019, the Company recorded an adjustment to increase the opening balance of accumulated deficit by approximately $0.3 million for the cumulative effect of the adoption of ASC 842 for right-of-use assets at six of the impaired stores.

During the 13-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $15,000 and $41,000 for right-of-use asset impairment at two stores and one store, respectively. The Company also recorded an impairment charge totaling approximately $162,000 and $3.4 million for the 13-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at four stores and 17 stores, respectively, for which the carrying values exceed the respective fair values for these assets. The total impairment charge, net of tax, for the 13-week periods ended October 31, 2020 and November 2, 2019 was $121,000 and $2.5 million, respectively.

During the 39-week periods ended October 31, 2020 and November 2, 2019, the Company recorded an impairment charge of approximately $6.2 million and $525,000 for right-of-use asset impairment at 24 stores and three stores, respectively. The Company also recorded an impairment charge totaling approximately $2.8 million and $6.7 million for the 39-week periods ended October 31, 2020 and November 2, 2019, respectively, for leasehold improvements, fixtures and equipment at 22 stores during each period for which the carrying values exceed the respective fair values for these assets. The total impairment charge, net of tax, for the 39-week periods ended October 31, 2020 and November 2, 2019 was $6.9 million and $5.5 million, respectively.