Property and Equipment

12 Months Ended

Jan. 28, 2012

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY AND EQUIPMENT

Property and equipment consisted of (in thousands):



	January 28, 2012			January 29, 2011			Estimated Useful Lives (In Years)
Buildings and improvements	$	27,040		$	26,240		Lesser of useful life or lease term
Furniture and fixtures	22,460			21,687			5-7
Machinery and equipment	4,561			3,915			5-7
	54,061			51,842
Less:
Accumulated depreciation	(29,568		)	(23,792		)
	$	24,493		$	28,050

Depreciation and amortization expense on property and equipment for fiscal 2011 and fiscal 2010 was $7.2 million and $8.1 million, respectively which included depreciation expense relating to building and equipment under capital leases of $0.5 million for both fiscal 2011 and 2010. Accumulated depreciation for building and equipment under capital leases was $1.5 million as of January 28, 2012 and $1.3 million at January 29, 2011. Net assets under capital leases were $2.7 million and $3.1 million at January 28, 2012 and January 29, 2011, respectively.

During fiscal 2011 and 2010, the Company recorded non-cash impairment charges of approximately $0.3 million and $2.2 million, respectively, to reduce the net carrying value of certain retail store assets (primarily leasehold improvements) to their estimated fair value, which was determined based on discounted expected future cash flows. Lower than expected operating cash flow performance relative to the affected assets and the impact of the current economic environment on their projected future results of operations indicated that the carrying value of the related long-lived assets were not recoverable. The Company also recorded non-cash impairment charges $0.8 million on a building under a capital lease during the fourth quarters of both fiscal 2011 and 2010 due to changes in anticipated sublease revenue. These asset impairment charges are included in asset impairment in the accompanying consolidated statements of operations.

See Note 12 for further discussion of capital leases.

- 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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