Restructuring and Separation

3 Months Ended

May 03, 2014

4. Restructuring and Separation

The Company accounts for restructuring and separation costs in accordance with ASC Topic No. 420, “Exit or Disposal Cost Obligations.” In an effort to improve workflow efficiencies and realign certain responsibilities, the Company effected a reorganization of certain positions within its field and corporate locations. There were no severance charges recorded during the three month period ended May 3, 2014. During the three month period ended May 4, 2013, severance charges of $1.6 million were recorded in the line item “Restructuring and Separation Costs” in the Company’s Condensed 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 Condensed Consolidated Balance Sheets as of May 3, 2014 and May 4, 2013:


	*(in thousands)*
	February 1, 2014		Charges		Cash Payments			Other		May 3, 2014
Severance—Separation Cost	$	233	$	—	$	(172	)	$	—	$	61


	*(in thousands)*
	February 2, 2013		Charges		Cash Payments			Other		May 4, 2013
Severance—Restructuring	$	—	$	758	$	(127	)	$	—	$	631
Severance—Separation Cost		597		867		(420	)		—		1,044

Total	$	597	$	1,625	$	(547	)	$	—	$	1,675

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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