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v2.4.0.6
PROPERTY AND EQUIPMENT
9 Months Ended
Oct. 27, 2012
Property, Plant and Equipment [Abstract]  
Property Plant And Equipment Disclosure [Text Block]

NOTE 4: PROPERTY AND EQUIPMENT

 

Property and Equipment are carried at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the 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 operating income.

 

The following illustrates the breakdown of the major categories within Property and Equipment (in thousands):

 

    October 27, 2012     January 28, 2012  
Property and equipment, at cost:                
                 
Buildings and building improvements   $ 113,111     $ 112,321  
Leasehold improvements     72,851       70,509  
Automobiles and vehicles     5,601       5,348  
Airplane     4,697       4,697  
Furniture, fixtures and equipment     261,011       250,241  
      457,271       443,116  
Less: Accumulated depreciation and amortization     (307,825 )     (289,884 )
      149,446       153,232  
Construction in progress     20       23  
Land     8,604       7,857  
Total Property and equipment, at depreciated cost   $ 158,070     $ 161,112