Property and Equipment

12 Months Ended

Feb. 01, 2020

Property and Equipment

Property and Equipment

NOTE 5—PROPERTY AND EQUIPMENT

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

	February 1,		February 2,
	2020		2019
Finance lease right-of-use assets (1)	$	734,425	$	702,379
Leasehold improvements (2)		318,313		311,416
Computer software		138,328		143,776
Furniture, fixtures and equipment		79,575		76,194
Machinery, equipment and aircraft		66,228		54,207
Building and building improvements		33,370		2,750
Land		6,061		7,110
Built-to-suit property		2,882		—
Total property and equipment		1,379,182		1,297,832
Less—accumulated depreciation and amortization (3)		(411,583)		(344,875)
Total property and equipment—net	$	967,599	$	952,957

(1) Refer to “Lease Accounting” within Note 3—Significant Accounting Policies and Note 9—Leases.

(2) Leasehold improvements include construction in progress of $16.0 million and $14.7 million as of February 1, 2020 and February 2, 2019, respectively.

(3) Includes accumulated amortization related to finance lease right-of-use assets of $92.3 million and $55.5 million as of February 1, 2020 and February 2, 2019, respectively. Refer to Note 9—Leases.

The Company recorded depreciation and amortization of property and equipment, excluding amortization for finance lease right-of-use assets, of $63.7 million, $62.6 million and $63.7 million in fiscal 2019, fiscal 2018 and fiscal 2017, respectively.