Note 10 - Property and Equipment

12 Months Ended

Feb. 01, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

10.    PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

($ thousands)	February 1, 2020			February 2, 2019
Land and buildings	$	52,638		$	58,337
Leasehold improvements		241,209			233,604
Technology equipment		56,480			49,120
Machinery and equipment		98,715			69,628
Furniture and fixtures		140,233			134,259
Construction in progress		4,704			34,139
Property and equipment		593,979			579,087
Allowances for depreciation		(369,133	)		(348,303	)
Property and equipment, net	$	224,846		$	230,784

Useful lives of property and equipment are as follows:

	Years
Buildings		5 - 30
Leasehold improvements		5 - 20
Technology equipment		2 - 7
Machinery and equipment		4 - 20
Furniture and fixtures		3 - 10

The Company recorded charges for impairment within selling and administrative expenses of $5.9 million, $3.7 million and $3.8 million in 2019, 2018 and 2017, respectively, primarily for operating lease right-of-use assets, leasehold improvements and furniture and fixtures in the Company’s retail stores.  Fair value was based on estimated future cash flows to be generated by retail stores, discounted at a market rate of interest.  Refer to Note 15 to the consolidated financial statements for further discussion of these impairment charges.

Interest costs for major asset additions are capitalized during the construction or development period and amortized over the lives of the related assets.  The Company capitalized interest of $0.6 million and $0.2 million in 2019 and 2018, respectively, related to the new company-operated Brand Portfolio warehouse facilities in California, with no corresponding interest capitalized in 2017.