Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.2.0.727
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Aug. 01, 2015
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 six months ended August 1, 2015 are as follows (in thousands):

 

 

 

Retail

 

Corporate
Apparel

 

Total

 

Balance at January 31, 2015

 

$

861,180

 

$

26,756

 

$

887,936

 

Adjustments to preliminary purchase price allocation of acquired businesses

 

3,062

 

 

3,062

 

Translation adjustment

 

(617

)

935

 

318

 

 

 

 

 

 

 

 

 

Balance at August 1, 2015

 

$

863,625

 

$

27,691

 

$

891,316

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount and accumulated amortization of intangible assets

 

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

 

 

 

August 1,
2015

 

August 2,
2014

 

January 31,
2015

 

 

 

 

 

 

 

 

 

Amortizable intangible assets:

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

Trademarks and tradenames

 

$

16,554

 

$

16,785

 

$

16,448

 

Favorable leases

 

24,400

 

24,400

 

24,400

 

Customer relationships

 

85,918

 

87,376

 

84,788

 

 Total carrying amount

 

126,872

 

128,561

 

125,636

 

Accumulated amortization:

 

 

 

 

 

 

 

Trademarks and tradenames

 

(9,577

)

(9,180

)

(9,331

)

Favorable leases

 

(3,575

)

(377

)

(1,883

)

Customer relationships

 

(22,096

)

(12,588

)

(16,468

)

 

 

 

 

 

 

 

 

 Total accumulated amortization

 

(35,248

)

(22,145

)

(27,682

)

 

 

 

 

 

 

 

 

 Total amortizable intangible assets, net

 

91,624

 

106,416

 

97,954

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

  Trademarks and tradename

 

570,349

 

570,445

 

570,305

 

 

 

 

 

 

 

 

 

 Total intangible assets, net

 

$

661,973

 

$

676,861

 

$

668,259