Restructuring Costs
 12 Months Ended
Feb. 03, 2018
Restructuring and Related Activities [Abstract]  
Restructuring Costs
Restructuring Costs
In April of 2017, Express made the decision to close all 17 of its retail stores in Canada and discontinue all operations through its Canadian subsidiary, Express Fashion Apparel Canada Inc. ("Express Canada"). In connection with the plan to close all of its Canadian stores, on May 4, 2017, certain of Express, Inc.’s Canadian subsidiaries filed an application with the Ontario Superior Court of Justice (Commercial List) in Toronto (the "Court") seeking protection for Express, Inc.’s Canadian subsidiaries under the Companies’ Creditors Arrangement Act in Canada (the "Filing") and the appointment of a monitor to oversee the liquidation and wind-down process. Express Canada began conducting store closing liquidation sales in the middle of May and closed all of its Canadian stores in June of 2017. On September 27, 2017, a Joint Plan of Compromise and Arrangement (the “Plan”) which sets forth the amounts to be distributed to creditors and others in connection with the liquidation of Express Canada was sanctioned and approved by the Court and the creditors of Express Canada. The Plan is in the process of being implemented and substantially all of creditor distributions under the Plan have been made.

Asset Impairment

As a result of the decision to close the Canadian stores, Express determined that it was more likely than not that the fixed assets associated with the Canadian stores would be sold or otherwise disposed of prior to the end of their useful lives and therefore evaluated these assets for impairment in the first quarter of 2017. As a result of this evaluation, the Company recognized an impairment charge of $5.5 million on the fixed assets in the first quarter of 2017 which is included in restructuring costs in the Consolidated Statements of Income.

Exit Costs

As of May 4, 2017, the date of the Filing, the Company no longer had a controlling interest in the Canadian subsidiaries and therefore it deconsolidated the Canadian operations from the Company's consolidated financial statements as of such date. In addition to the impairment charges noted above, during 2017 the Company also incurred $17.4 million in additional restructuring costs. During the second quarter the Company also recorded a lower of cost or net realizable value adjustment in the amount of $1.3 million in cost of goods sold on the Consolidated Statements of Income related to inventory on hand specifically related to Canada. See Note 7 for the income tax impact of the discontinuation of Canadian operations.

The following provides additional detail regarding the restructuring costs incurred to date as well as a roll-forward of the amounts accrued:
 
Accrual as of January 28, 2017
 
Amounts Expensed
 
Amounts Paid
 
Accrual as of February 3, 2018
 
(in thousands)
Professional fees
$
—

 
$
1,085

 
$
(1,085
)
 
$
—

Write-off of investment in Express Canada
—

 
6,467

 
—

 
$
—

Lease related accruals
—

 
5,485

 
(4,285
)
 
$
1,200

Cumulative translation loss reclassed to earnings
—

 
4,205

 
—

 
$
—

Other expenses
—

 
115

 
—

 
$
—

 
$
—


$
17,357


$
(5,370
)

$
1,200


In addition, the Company incurred a cash loss in the amount of $9.2 million. This amount reflected the cash and cash equivalents balance held by Express Canada at the time of deconsolidation and is a component of the write-off of the investment in Express Canada.

The Company does not expect to incur significant additional restructuring costs and expects to make the majority of the remaining cash payments within the next 12 months.