Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.20.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Feb. 01, 2020
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets

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

February 1, 2020

Weighted

Average

Remaining

Accumulated

Amortization

Amortization

Gross

Amortization/

Net

Period

Period

Carrying

Impairment

Carrying

(in years)

(in years)

Amount

Charges (1)

Value

Definite-lived intangible assets:

Customer relationships

15-18

14.81

$

61,610

$

(6,309)

$

55,301

Proprietary product designs

7

3,400

(3,400)

Other intangible assets

3-19

5.74

10,540

(4,249)

6,291

75,550

(13,958)

61,592

Indefinite-lived intangible assets:

Product tradenames

13,725

(8,900)

4,825

Total intangible assets

$

89,275

$

(22,858)

$

66,417

February 2, 2019

Weighted

Average

Remaining

Accumulated

Amortization

Amortization

Gross

Amortization/

Net

Period

Period

Carrying

Impairment

Carrying

(in years)

(in years)

Amount

Charges (1)

Value

Definite-lived intangible assets:

Customer relationships

16-18

14.95

$

5,600

$

(1,789)

$

3,811

Proprietary product designs

7

3.99

3,400

(2,633)

767

Other intangible assets

4-21

11.71

4,229

(2,794)

1,435

13,229

(7,216)

6,013

Indefinite-lived intangible assets:

Product tradenames

13,725

(2,500)

11,225

Total intangible assets

$

26,954

$

(9,716)

$

17,238

(1) In fiscal 2019, impairment charges of $6.4 million and $4.1 million were recorded on indefinite-lived and definite-lived intangible assets, respectively. In fiscal 2018, impairment charges of $2.5 million and $0.5 million were recorded on indefinite-lived and definite-lived intangible assets, respectively (see Note 1 for further explanation).