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Commitments and Contingencies
12 Months Ended
Feb. 01, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies
(6)
Commitments and Contingencies
Commitments
Other Contractual Commitments
The Company has an executive severance plan that is applicable to certain key employees that provide for, among other things, salary, bonus, severance, and change-in-control provisions.
As of February 1, 2020, the Company had other purchase commitments of approximately $7.1 million consisting of purchase agreements for materials that will be used in the construction of new stores.
In August 2019, the Company acquired land in Conroe, Texas, to build an approximately 860,000 square foot distribution center. The total cost of the land and building is expected to be approximately $56 million, of which approximately $31 million has been paid through February 1, 2020. The Company expects to occupy the distribution center in Conroe, Texas in 2020.
Contingencies
Legal Matters
From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, the outcome of such actions will not have a material adverse effect on the Company’s financial condition or results of operations.