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EQUIPMENT AND LEASEHOLD IMPROVEMENTS

12 Months Ended

Dec. 31, 2011

EQUIPMENT AND LEASEHOLD IMPROVEMENTS

NOTE 5. EQUIPMENT AND LEASEHOLD IMPROVEMENTS

	December 31, 2011			January 1, 2011

Leasehold improvements	$	49,425,000		$	51,074,000
Furniture, fixtures, and equipment		35,004,000			34,585,000

		84,429,000			85,659,000
Less: accumulated depreciation and amortization		(65,492,000	)		(60,906,000	)

	$	18,937,000		$	24,753,000

Store operating and general and administrative expenses include depreciation and amortization expense of $7.8 million, $9.4 million and $11.7 million for the fiscal years ended 2011, 2010 and 2009, respectively. The Company recorded an impairment charge during fiscal 2011 and 2010 on its long lived assets; see Note 10 herein for additional details. The Company closed 12 stores in fiscal 2012 and as a result recorded accelerated depreciation of $231,000 in fiscal 2011.

- 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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