Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.7.0.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 29, 2017
Goodwill and Other 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 three months ended April 29, 2017 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

    

Retail

    

Apparel

    

Total

 

Balance at January 28, 2017

 

$

94,511

 

$

22,515

 

$

117,026

 

Goodwill of acquired business

 

 

 —

 

 

695

 

 

695

 

    Translation adjustment

 

 

(811)

 

 

675

 

 

(136)

 

Balance at April 29, 2017

 

$

93,700

 

$

23,885

 

$

117,585

 

 

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):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

April 29,

    

April 30,

 

January 28,

 

 

    

2017

    

2016

    

2017

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

$

16,040

 

$

16,361

 

$

15,966

 

Favorable leases

 

 

13,679

 

 

14,562

 

 

13,826

 

Customer relationships

 

 

26,268

 

 

29,661

 

 

25,483

 

Total carrying amount

 

 

55,987

 

 

60,584

 

 

55,275

 

Accumulated amortization:

 

 

 

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

 

(10,183)

 

 

(9,857)

 

 

(10,055)

 

Favorable leases

 

 

(4,297)

 

 

(3,057)

 

 

(3,961)

 

Customer relationships

 

 

(14,776)

 

 

(14,213)

 

 

(13,804)

 

Total accumulated amortization

 

 

(29,256)

 

 

(27,127)

 

 

(27,820)

 

Total amortizable intangible assets, net

 

 

26,731

 

 

33,457

 

 

27,455

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

Trademarks and tradename

 

 

144,235

 

 

144,369

 

 

144,204

 

Total intangible assets, net

 

$

170,966

 

$

177,826

 

$

171,659

 

 

Pre-tax amortization expense associated with intangible assets subject to amortization totaled $1.0 million and $1.3 million for the three months ended April 29, 2017 and April 30, 2016, respectively.  Pre-tax amortization associated with intangible assets subject to amortization at April 29, 2017 is estimated to be $3.0 million for the remainder of fiscal 2017, $3.7 million for fiscal 2018, $3.5 million for fiscal 2019, $3.4 million for fiscal 2020 and $3.3 million for fiscal 2021.