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Restructuring and Strategic Charges
 12 Months Ended
Jan. 30, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Strategic Charges
RESTRUCTURING AND STRATEGIC CHARGES:
During the fourth quarter of fiscal 2014, we initiated a restructuring program, including the acceleration of domestic store closures and an organizational realignment, to ensure that resources align with long-term growth initiatives, including omni-channel. In connection with this effort, in the fourth quarter of fiscal 2014, we recorded pre-tax restructuring and strategic charges of approximately $16.7 million primarily related to severance and termination benefits, store closures and other impairment charges.
In connection with the program, in fiscal 2015 we continued our evaluation of our domestic store portfolio and increased the number of under-performing stores identified for closure to approximately 175, including the Boston Proper stores, with 69 stores across our brands closed in fiscal 2015. We expect to incur additional cash charges related to lease termination expenses of approximately $1.7 million over the next two fiscal years related to these future closures.
During the second quarter of fiscal 2015, in connection with the restructuring program, we completed an evaluation of the Boston Proper brand and initiated a plan (the "Plan") to sell the direct-to-consumer ("DTC") business and close its stores, allowing us to focus our efforts on our core brands. In fiscal 2015, we completed the sale of the Boston Proper DTC business and closed its stores. We assessed the disposal group and determined that the sale of the Boston Proper DTC business will not have a major effect on our consolidated results of operations, financial position or cash flows. Accordingly, the disposal group is not presented in the consolidated financial statements as a discontinued operation. Pretax losses for the Boston Proper DTC business for fiscal 2015, 2014, and 2013 were $11.8 million, $7.9 million, and $4.9 million, respectively. The loss recorded in the fourth quarter of fiscal 2015 upon disposition of the Boston Proper assets held for sale was not material.
A summary of the restructuring and strategic charges is presented in the table below:
 
Fiscal 2015
 
Fiscal 2014
 
Fiscal 2013
 
 
 
 
 
 
 
(in thousands)
Impairment charges
$
22,001

 
$
8,554

 
$
—

Continuing employee-related costs
8,330

 
—

 
—

Severance charges and termination benefits
6,863

 
7,577

 
—

Lease Terminations
9,578

 
—

 
—

Other charges
2,029

 
614

 
—

Total restructuring and strategic charges, pre-tax
$
48,801

 
$
16,745

 
$
—



As of January 30, 2016, a reserve of $5.3 million related to restructuring and strategic activities was included in other current and deferred liabilities in the accompanying consolidated balance sheets. A roll-forward of the reserve is presented as follows:
 
Continuing employee-related costs
 
Severance Charges and Termination Benefits
 
Lease Termination Charges
 
Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
Beginning Balance, January 31, 2015
$
—

 
$
7,577

 
$
—

 
$
486

 
$
8,063

Charges
8,330

 
6,863

 
9,578

 
2,029

 
26,800

Payments
(5,781
)
 
(12,762
)
 
(8,477
)
 
(2,506
)
 
(29,526
)
Ending Balance, January 30, 2016
$
2,549

 
$
1,678

 
$
1,101

 
$
9

 
$
5,337