Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Feb. 02, 2019
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 February 2, 2019 and February 3, 2018 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

    

Retail

    

Apparel

    

Total

 

Balance at January 28, 2017

 

$

94,511

 

$

22,515

 

$

117,026

 

Goodwill impairment charge

 

 

(1,500)

 

 

 —

 

 

(1,500)

 

Goodwill of acquired business

 

 

 —

 

 

695

 

 

695

 

Translation adjustment

 

 

1,294

 

 

2,777

 

 

4,071

 

Balance at February 3, 2018

 

$

94,305

 

$

25,987

 

$

120,292

 

Goodwill impairment charge

 

 

 —

 

 

(23,991)

 

 

(23,991)

 

Goodwill of divested business (see Note 3)

 

 

(13,588)

 

 

 —

 

 

(13,588)

 

    Translation adjustment

 

 

(1,226)

 

 

(1,996)

 

 

(3,222)

 

Balance at February 2, 2019

 

$

79,491

 

$

 —

 

$

79,491

 

 

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):

 

 

 

 

 

 

 

 

 

 

February 2,

    

February 3,

 

 

 

2019

    

2018

 

Amortizable intangible assets:

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

$

16,067

 

$

16,273

 

Favorable leases

 

 

11,844

 

 

13,229

 

Customer relationships

 

 

26,553

 

 

28,713

 

Total carrying amount

 

 

54,464

 

 

58,215

 

Accumulated amortization:

 

 

 

 

 

 

 

Trademarks, tradenames and franchise agreements

 

 

(10,796)

 

 

(10,558)

 

Favorable leases

 

 

(5,162)

 

 

(5,010)

 

Customer relationships

 

 

(18,851)

 

 

(17,992)

 

Total accumulated amortization

 

 

(34,809)

 

 

(33,560)

 

Total amortizable intangible assets, net

 

 

19,655

 

 

24,655

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

Trademarks and tradename

 

 

144,246

 

 

144,332

 

Total intangible assets, net

 

$

163,901

 

$

168,987