PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

12 Months Ended

Jan. 28, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

NOTE 4 - PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

The components of property, equipment and leasehold improvements were as follows (in thousands):

	January 28, 2017		January 30, 2016
Land	$	1,842	$	1,842
Buildings and improvements	15,633		15,633
Fixtures and equipment	548,145		517,485
Leasehold improvements	415,577		398,406
Property, equipment and leasehold improvements	981,197		933,366
Less: Accumulated depreciation	697,087		621,649
Property, equipment and leasehold improvements, net	$	284,110	$	311,717

Depreciation expense and impairment charges were as follows for each period presented (in thousands):

	Fiscal Year
	2016		2015		2014
Depreciation expense	$	71,779	$	66,998	$	62,791
Store impairment charges(a)	19,856		10,580		636
Total depreciation and impairment	$	91,635	$	77,578	$	63,427

^(a) Impairment charges recognized in 2016 reflect deteriorating operating performance during the year, especially in the fourth quarter, which negatively impacted projected future cash flows. Impairment charges recognized in 2015 are related to our strategic store closure plan. Store impairment charges are recorded in cost of sales and related buying, occupancy and distribution expense.

Depreciation expense and store impairment charges included in cost of sales and related buying, occupancy and distribution expense for 2016, 2015 and 2014 were $77.9 million, $67.9 million and $50.9 million, respectively.