Restoration Hardware RH Impairment Charges
Discontinued — last reported Q3 '24
Impairment Charges at other companies
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Where this comes from
Reported directly by Restoration Hardware in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsHeldForUse.
The source filing: Restoration Hardware’s 10-Q, filed December 12, 2024.
- Filed
- Dec 12, 2024
- Fiscal quarter
- Q3 FY2024
- Calendar quarter
- Q4 2024
- Accession
- 0001558370-24-016185
During the three months ended November 2, 2024, we recognized long-lived asset impairment charges of $19 million for our two Design Galleries in Germany due to the asset carrying value of each location exceeding the estimated fair market value of the long-lived assets over their respective remaining lease terms, both of which end in 2027. These impairment charges were comprised of lease right-of-use asset impairment of $13 million and property and equipment impairment of $5.6 million. Refer to the long-lived assets accounting policy in Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Restoration Hardware's impairment charges?
- Restoration Hardware (RH) reported impairment charges of $19M in Q3 2024.
- What does impairment charges mean?
- Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.
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