Annual report pursuant to section 13 and 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
12 Months Ended
Jan. 28, 2012
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
11.

GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill allocated to the Company’s reportable segments and changes in the net carrying amount of goodwill for the years ended January 28, 2012 and January 29, 2011 are as follows (in thousands):

 

                         
    Retail     Corporate
Apparel
    Total  

Balance, January 30, 2010

  $ 58,120     $ 1,294     $ 59,414  

Goodwill of acquired business (Note 2)

          26,989       26,989  

Translation adjustment

    1,769       (178     1,591  
   

 

 

   

 

 

   

 

 

 

Balance, January 29, 2011

  $ 59,889     $ 28,105     $ 87,994  

Translation adjustment

    11       (223     (212
   

 

 

   

 

 

   

 

 

 

Balance, January 28, 2012

  $ 59,900     $ 27,882     $ 87,782  
   

 

 

   

 

 

   

 

 

 

Intangible Assets

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

 

                 
    January 28,
2012
    January 29,
2011
 

Amortizable intangible assets:

               

Carrying amount:

               

Trademarks, tradenames and other intangibles

  $ 12,648     $ 16,094  

Customer relationships

    32,149       32,417  
   

 

 

   

 

 

 

Total carrying amount

    44,797       48,511  
   

 

 

   

 

 

 

Accumulated amortization:

               

Trademarks, tradenames and other intangibles

    (8,339     (11,121

Customer relationships

    (4,005     (1,311
   

 

 

   

 

 

 

Total accumulated amortization

    (12,344     (12,432
   

 

 

   

 

 

 

Total amortizable intangible assets, net

    32,453       36,079  
   

 

 

   

 

 

 

Infinite-lived intangible assets:

               

Trademarks

    1,258       1,269  
   

 

 

   

 

 

 

Total intangible assets, net

  $ 33,711     $ 37,348  
   

 

 

   

 

 

 

The pretax amortization expense associated with intangible assets subject to amortization totaled approximately $3.4 million, $2.4 million and $2.2 million for fiscal 2011, 2010 and 2009, respectively. Pretax amortization expense associated with intangible assets subject to amortization at January 28, 2012 is estimated to be approximately $3.3 million for fiscal year 2012, $3.2 million for each of the fiscal years 2013 and 2014 and $3.1 million for each of the fiscal years 2015 and 2016.