Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.3.1.900
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Oct. 31, 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 nine months ended October 31, 2015 are as follows (in thousands):

 

 

 

Retail

 

Corporate
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

 

Translation adjustment

 

(608

)

601

 

(7

)

 

 

 

 

 

 

 

 

Balance at October 31, 2015

 

$

863,634

 

$

27,357

 

$

890,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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):

 

 

 

October 31,
2015

 

November 1,
2014

 

January 31,
2015

 

 

 

 

 

 

 

 

 

Amortizable intangible assets:

 

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

 

Trademarks and tradenames

 

$

16,516

 

$

16,628

 

$

16,448

 

Favorable leases

 

24,118

 

24,400

 

24,400

 

Customer relationships

 

85,515

 

86,699

 

84,788

 

 

 

 

 

 

 

 

 

Total carrying amount

 

126,149

 

127,727

 

125,636

 

 

 

 

 

 

 

 

 

Accumulated amortization:

 

 

 

 

 

 

 

Trademarks and tradenames

 

(9,679

)

(9,261

)

(9,331

)

Favorable leases

 

(4,025

)

(1,130

)

(1,883

)

Customer relationships

 

(24,507

)

(14,659

)

(16,468

)

 

 

 

 

 

 

 

 

Total accumulated amortization

 

(38,211

)

(25,050

)

(27,682

)

 

 

 

 

 

 

 

 

Total amortizable intangible assets, net

 

87,938

 

102,677

 

97,954

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

Trademarks and tradename, gross

 

570,333

 

570,380

 

570,305

 

Impairment of Jos. A. Bank tradename

 

(90,100

)

 

 

 

 

 

 

 

 

 

 

Trademarks and tradename, net

 

480,233

 

570,380

 

570,305

 

 

 

 

 

 

 

 

 

Total intangible assets, net

 

$

568,171

 

$

673,057

 

$

668,259