Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING AND OTHER CHARGES (Tables)

v3.19.1
RESTRUCTURING AND OTHER CHARGES (Tables)
12 Months Ended
Feb. 02, 2019
RESTRUCTURING AND OTHER CHARGES  
Summary of charges incurred

A summary of the charges incurred are presented in the table below (amounts in thousands):

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

Fiscal Year

 

 

 

 

 

 

2016

 

Cumulative

 

Lease termination costs

 

$

43,116

 

$

43,116

 

Store asset impairment charges and accelerated depreciation, net of deferred rent

 

 

1,734

 

 

24,880

 

Consulting costs

 

 

15,074

 

 

15,992

 

Inventory reserve charges

 

 

 —

 

 

11,008

 

Severance and employee-related costs

 

 

6,103

 

 

6,103

 

Favorable lease impairment charges

 

 

 —

 

 

5,533

 

Other costs

 

 

2,060

 

 

2,918

 

Total pre-tax restructuring and other charges(1)

 

$

68,087

 

$

109,550

 


(1)

For fiscal 2016, consists of $71.9 million included in SG&A offset by a $3.8 million reduction in cost of sales.  For fiscal 2016 and cumulatively since inception of the initiatives, of the total amounts recorded in the table above, $49.0 million and $88.9 million, respectively, relate to our retail segment and the remainder are recorded in shared services.