Impairment of Long-Lived Assets

9 Months Ended

Oct. 31, 2015

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

6. Impairment of Long-Lived Assets

If facts and circumstances indicate that a long-lived asset may be impaired, the carrying value is reviewed. If this review indicates that the carrying value of the asset will not be recovered as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value.  There was no impairment expense related to leasehold improvements and fixtures and equipment at underperforming stores in the thirty-nine and thirteen week periods ended October 31, 2015.  There was $0.1 million of impairment expense in the thirty-nine week period ended November 1, 2014.