Property and Equipment

12 Months Ended

Feb. 02, 2013

NOTE 6—PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):


	February 2, 2013			January 28, 2012
Leasehold improvements ⁽¹⁾	$	155,338		$	118,898
Computer software		33,459			27,194
Furniture, fixtures and equipment		27,076			16,166
Machinery and equipment		8,866			4,823
Land		2,388			2,388
Building		2,205			2,205
Equipment under capital leases ⁽²⁾		8,879			13,918

Total property and equipment		238,211			185,592
Less—accumulated depreciation and amortization		(126,805	)		(102,034	)

Total property and equipment—net	$	111,406		$	83,558

(1)	Leasehold improvements include construction in progress of $25.9 million and $9.1 million as of February 2, 2013, and January 28, 2012, respectively.

(2)	Accumulated depreciation and amortization include accumulated amortization related to equipment under capital leases of $6.8 million and $8.5 million as of February 2, 2013, and January 28, 2012, respectively.

The Company recorded depreciation expense of $24.3 million, $26.2 million, and $27.8 million in fiscal 2012, fiscal 2011, and fiscal 2010, respectively.

- 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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