PROPERTY AND EQUIPMENT

9 Months Ended

Nov. 03, 2018

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6: PROPERTY AND EQUIPMENT

Property and equipment are carried at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of assets. Improvements to leased premises are amortized using the straight-line method over the shorter of the initial term of the lease or the useful life of the improvement. Leasehold improvements added late in the lease term are amortized over the shorter of the remaining term of the lease (including the upcoming renewal option if the renewal is reasonably assured) or the useful life of the improvement. Assets under capital leases are amortized in accordance with the Company’s normal depreciation policy for owned assets or over the lease term (regardless of renewal options), if shorter, and the charge to earnings is included in depreciation expense in the consolidated financial statements. Gains or losses on the sale of assets are recorded as a component of selling, general and administrative expenses.

The following illustrates the breakdown of the major categories within property and equipment (in thousands): 

(in thousands)
Property and equipment, at cost:	November 3, 2018			February 3, 2018
Buildings and building improvements	$	116,808		$	119,039
Leasehold improvements		89,071			86,402
Automobiles and vehicles		3,772			4,525
Furniture, fixtures and equipment		288,346			286,962
		497,997			496,928
Less: Accumulated depreciation and amortization		(403,790	)		(390,633	)
		94,207			106,295
Construction in progress		2,447			590
Land		8,470			8,581
Total Property and equipment, at depreciated cost	$	105,124		$	115,466