Property and Equipment, Net

12 Months Ended

Jan. 28, 2017

Property Plant And Equipment [Abstract]

5.	PROPERTY AND EQUIPMENT, NET

Property and equipment as of January 28, 2017 and January 30, 2016 was comprised of the following (in thousands):

	January 28, 2017			January 30, 2016

Furniture and equipment	$	73,904		$	70,943
Leasehold improvements		103,198			104,358
Construction in progress		3,388			2,170
		180,490			177,471
Less: accumulated depreciation and amortization		(97,461	)		(84,798	)
	$	83,029		$	92,673

Aggregate depreciation and amortization expense of property and equipment in fiscal 2016, 2015, 2014 and the four months ended January 31, 2015 was $17,890,000, $17,109,000, $14,957,000 and $5,112,000, respectively. During fiscal 2016, 2015, 2014 and the four months ended January 31, 2015 the Company recorded pretax charges of $2,382,000, $1,659,000, $1,136,000 and $1,090,000, respectively, related to the impairment of leasehold improvements and furniture and equipment at certain of its retail locations.

In September 2013 the Company announced its plans to relocate its corporate headquarters and distribution operations from Philadelphia, Pennsylvania to southern New Jersey. The Company completed the relocation of its corporate headquarters to Moorestown, New Jersey in January 2015 and completed the relocation of its distribution operations to Florence, New Jersey in August 2015. In connection with the planned relocations, on September 5, 2014 the Company sold the building that houses its principal executive offices and distribution facility in a sale and leaseback arrangement and received cash proceeds of $12,522,000, net of transaction costs. Under the agreement the Company continued to occupy the premises for the operation and wind down of its business through October 31, 2015. The Company recognized a gain of $4,110,000 on the sale transaction.