Property and Equipment (Tables)

12 Months Ended

Feb. 02, 2019

Property Plant And Equipment [Abstract]

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

	February 2,			February 3,
	2019			2018
Leasehold improvements ⁽¹⁾	$	614,510		$	556,443
Computer software		143,776			130,890
Furniture, fixtures and equipment		76,194			81,469
Machinery, equipment and aircraft		54,207			52,757
Building and building improvements		28,233			4,927
Land		11,518			11,382
Build-to-suit property^{(2) (3)}		245,217			237,909
Building and equipment under capital leases		9,343			8,060
Total property and equipment		1,182,998			1,083,837
Less—accumulated depreciation and amortization ⁽⁴⁾		(319,436	)		(283,139	)
Total property and equipment—net	$	863,562		$	800,698

(1)	Leasehold improvements include construction in progress of $79.0 million and $110.4 million as of February 2, 2019 and February 3, 2018, respectively.

(2)	The Company capitalizes assets and records a corresponding non-current liability for build-to-suit lease transactions where it is considered the owner, for accounting purposes. Refer to “Lease Accounting” within Note 3—Significant Accounting Policies.

(3)

In fiscal 2014, the Company concluded that it was the deemed owner for accounting purposes for its New York Flatiron Gallery located in Manhattan, NY pursuant to ASC 840. The Company capitalized the cash and non-cash assets contributed by the landlord for the renovation of the Gallery on its consolidated balance sheets as an increase in property and equipment and an increase in financing obligations under build-to-suit lease transactions. During the third quarter of fiscal 2018, the Gallery closed and the Company removed the asset and corresponding liability of $8.1 million from its consolidated balance sheet. There was no impact on the consolidated statements of income or consolidated statements of cash flows in fiscal 2018.

(4)	Includes accumulated amortization related to equipment under capital leases of $2.9 million and $2.1 million as of February 2, 2019 and February 3, 2018, respectively.