Asset Impairment and Store Closing Charges

9 Months Ended

Oct. 29, 2011

Asset Impairment and Store Closing Charges

Asset Impairment and Store Closing Charges

Note 4.  Asset Impairment and Store Closing Charges

There were no asset impairment and store closing costs recorded during the three months ended October 29, 2011 and October 30, 2010.

During the nine months ended October 29, 2011, the Company recorded a pretax charge of $1.2 million for asset impairment and store closing costs.  The charge was for the write-down of a property currently held for sale.

During the nine months ended October 30, 2010, the Company recorded a pretax charge of $2.2 million for asset impairment and store closing costs.  The charge was for the write-down of a property currently held for sale.

Following is a summary of the activity in the reserve established for store closing charges for the nine months ended October 29, 2011:

(in thousands)	Balance Beginning of Period		Adjustments and Charges*		Cash Payments		Balance End of Period
Rent, property taxes and utilities	$	1,360	$	880	$	1,243	$	997

*included in rentals

Reserve amounts are included in trade accounts payable and accrued expenses and other liabilities.