Store Closings

The calculation of accrued store closing and relocation reserves primarily includes future minimum lease payments, maintenance costs and taxes from the date of closure or relocation to the end of the remaining lease term, net of contractual or estimated sublease income. The liability is discounted using a credit-adjusted risk-free rate of interest. The assumptions used in the calculation of the accrued store closing and relocation reserves are evaluated each quarter.

The following table summarizes the activity in fiscal 2014 and 2013 (in thousands):



	26 Weeks Ended
	August 2, 2014			August 3, 2013
Accrued store closing and relocation reserves, beginning of period	$	17,102		$	31,785
Expense charged to earnings	2,119			—
Cash payments	(4,080		)	(4,564		)
Interest accretion and other changes in assumptions	(152		)	(3,274		)
Accrued store closing and relocation reserves, end of period	14,989			23,947
Less: current portion of accrued store closing and relocation reserves	(4,579		)	(10,732		)
Long-term portion of accrued store closing and relocation reserves	$	10,410		$	13,215

The current portion of accrued store closing and relocation reserves is included within accrued expenses and the long-term portion is included within long-term deferred revenue and other liabilities on the unaudited Consolidated Balance Sheets. The related expense is recorded within selling, general and administrative expenses on the unaudited Consolidated Statements of Income.