Property And Equipment

12 Months Ended

Jan. 28, 2012

9.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:


($ thousands)	January 28, 2012			January 29, 2011
Land and buildings	$	42,049		$	42,180
Leasehold improvements		170,824			167,377
Technology equipment		47,371			46,004
Machinery and equipment		64,085			52,799
Furniture and fixtures		107,320			105,890
Construction in progress		5,034			8,853
Property and equipment		436,683			423,103
Allowances for depreciation		(305,212	)		(287,471	)
Property and equipment, net	$	131,471		$	135,632

Useful lives of property and equipment are as follows:


Buildings	15-30 years
Leasehold improvements	5-20 years
Technology equipment	3-10 years
Machinery and equipment	8-20 years
Furniture and fixtures	3-10 years

Selling and administrative expenses include charges for impairment, primarily for leasehold improvements and fixtures in the Company's retail stores, of $1.9 million, $2.8 million and $3.9 million in 2011, 2010 and 2009, respectively. Fair value was based on estimated future cash flows to be generated by retail stores, discounted at a market rate of interest.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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