AMERICAN EAGLE OUTFITTERS INC
For the period ended Feb 1, 2025. Filed Mar 20, 2025.
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FY2025 · Filed Mar 20, 2025
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Property and Equipment, Net
- Property and Equipment, Net
Property and equipment, net consists of the following:
| Fiscal Years Ending | ||
|---|---|---|
| February 1, | February 3, | |
| (In thousands) | 2025 | 2024 |
| Land | $17,910 | $17,910 |
| Buildings | 228,390 | 222,660 |
| Leasehold improvements | 890,155 | 850,519 |
| Fixtures and equipment | 1,432,344 | 1,335,173 |
| Construction in progress | 2,486 | 852 |
| Property and equipment, at cost | $2,571,285 | $2,427,114 |
| Less: Accumulated depreciation | (1,820,021) | (1,713,778) |
| Property and equipment, net | $751,264 | $713,336 |
Depreciation expense is as follows:
| Fiscal Years Ending | |||
|---|---|---|---|
| February 1, | February 3, | January 28, | |
| (In thousands) | 2025 | 2024 | 2023 |
| Depreciation expense | $216,093 | $230,833 | $208,014 |
Additionally, during Fiscal 2024, Fiscal 2023 and Fiscal 2022, the Company recorded $5.1 million, $3.6 million, and $4.4 million, respectively, related to asset write-offs within depreciation and amortization expense.
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