Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.6.0.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jan. 28, 2017
GOODWILL AND INTANGIBLE ASSETS  
Changes in the net carrying amount of goodwill

Goodwill allocated to our reportable segments and changes in the net carrying amount of goodwill for the years ended January 28, 2017 and January 30, 2016 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

    

Retail

    

Apparel

    

Total

 

Balance at January 31, 2015

 

$

861,180

 

$

26,756

 

$

887,936

 

Adjustments to purchase price allocation of acquired businesses

 

 

3,062

 

 

 —

 

 

3,062

 

Goodwill impairment charge

 

 

(769,021)

 

 

 —

 

 

(769,021)

 

Translation adjustment

 

 

(2,020)

 

 

(1,371)

 

 

(3,391)

 

Balance at January 30, 2016

 

$

93,201

 

$

25,385

 

$

118,586

 

     Translation adjustment

 

 

1,310

 

 

(2,870)

 

 

(1,560)

 

Balance at January 28, 2017

 

$

94,511

 

$

22,515

 

$

117,026

 

 

Gross carrying amount and accumulated amortization of identifiable intangible assets

The gross carrying amount and accumulated amortization of our identifiable intangible assets are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

January 28,

    

January 30,

 

 

 

2017

    

2016

 

Amortizable intangible assets:

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

$

15,966

 

$

16,292

 

Favorable leases

 

 

13,826

 

 

14,675

 

Customer relationships

 

 

25,483

 

 

29,129

 

Total carrying amount

 

 

55,275

 

 

60,096

 

Accumulated amortization:

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

 

(10,055)

 

 

(9,728)

 

Favorable leases

 

 

(3,961)

 

 

(2,739)

 

Customer relationships

 

 

(13,804)

 

 

(13,459)

 

Total accumulated amortization

 

 

(27,820)

 

 

(25,926)

 

Total amortizable intangible assets, net

 

 

27,455

 

 

34,170

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

Trademarks and tradename

 

 

144,204

 

 

144,340

 

Total intangible assets, net

 

$

171,659

 

$

178,510

 

 

Goodwill and other intangible asset impairment charges

The following table summarizes the goodwill and other intangible asset impairment charges related to Jos. A. Bank recorded in fiscal 2015 (amounts in thousands):

 

 

 

 

 

Goodwill impairment charge

    

$

769,021

 

Tradename impairment charge

 

 

425,900

 

Customer relationship impairment charge

 

 

41,474

 

Favorable lease impairment charge

 

 

6,959

 

Total goodwill and intangible asset impairment charges

 

$

1,243,354