Restructuring and Separation Costs

12 Months Ended

Feb. 02, 2013

Restructuring and Separation Costs

13. Restructuring and Separation Costs

The Company accounts for restructuring and separation costs in accordance with ASC Topic No. 420, “Exit or Disposal Cost Obligations” (Topic No. 420). In accordance with Topic No. 420, the Company recorded a liability for one-time benefit costs related to the Company’s reorganization of certain positions within its stores and corporate locations during Fiscal 2012 and Fiscal 2011.

During Fiscal 2012 and Fiscal 2011, in an effort to improve workflow efficiencies and realign certain responsibilities, the Company effected a reorganization of certain positions within its stores and corporate locations. These changes to the Company’s workforce during Fiscal 2012 and Fiscal 2011 resulted in severance and restructuring charges of $3.0 million and $7.4 million, respectively, which were recorded in the line item “Restructuring and Separation Costs” in the Company’s Consolidated Statement of Operations and Comprehensive (Income) Loss.

The table below summarizes the charges and payments related to the Company’s restructuring and separation costs, which are included in the line items “Other Current Liabilities” in the Company’s Consolidated Balance Sheet:

	(in thousands)
	January 28, 2012		Charges		Cash Payments			February 2, 2013
Severance-Restructuring	$	—	$	1,225	$	(1,225	)	$	—
Severance-Separation Cost		979		1,774		(2,156	)		597
Total	$	979	$	2,999	$	(3,381	)	$	597

	(in thousands)
	January 29, 2011		Charges		Cash Payments			January 28, 2012
Severance-Restructuring	$	6	$	5,011	$	(5,017	)	$	—
Severance-Separation Cost		1,231		2,427		(2,679	)		979
Total	$	1,237	$	7,438	$	(7,696	)	$	979