Impairment	3 Months Ended
May 01, 2021
Impairment [Abstract]
Impairment	Note 10 – Impairment 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. During the 13-week periods ended May 1, 2021 and May 2, 2020, the Company recorded an impairment charge of approximately $310,000 and $2.2 million for leasehold improvements, fixtures and equipment at two stores and 16 stores, respectively, for which the carrying values exceed the respective fair value for these assets. The Company also recorded an impairment charge totaling $1.0 million for right-of-use assets at six stores for the 13-week period ended May 2, 2020. No impairment charge was recorded for right-of-use assets for the 13-week period ended May 1, 2021. The total impairment charge, net of tax, for the 13-week periods ended May 1, 2021 and May 2, 2020 was approximately $234,000 and $2.4 million, respectively.

Impairment

3 Months Ended

May 01, 2021

Note 10 – Impairment

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.

During the 13-week periods ended May 1, 2021 and May 2, 2020, the Company recorded an impairment charge of approximately $310,000 and $2.2 million for leasehold improvements, fixtures and equipment at two stores and 16 stores, respectively, for which the carrying values exceed the respective fair value for these assets. The Company also recorded an impairment charge totaling $1.0 million for right-of-use assets at six stores for the 13-week period ended May 2, 2020. No impairment charge was recorded for right-of-use assets for the 13-week period ended May 1, 2021. The total impairment charge, net of tax, for the 13-week periods ended May 1, 2021 and May 2, 2020 was approximately $234,000 and $2.4 million, respectively.