Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.20.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jan. 30, 2021
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets

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

January 30, 2021

Weighted

Average

Remaining

Accumulated

Amortization

Amortization

Gross

Amortization/

Net

Period

Period

Carrying

Impairment

Carrying

(in years)

(in years)

Amount (1)

Charges (2)

Value

Definite-lived intangible assets:

Customer relationships

15

13.81

$

55,942

$

(4,447)

$

51,495

Other intangible assets

6-19

4.72

6,486

(2,185)

4,301

62,428

(6,632)

55,796

Indefinite-lived intangible assets:

Product tradenames

4,825

(3,500)

1,325

Total intangible assets

$

67,253

$

(10,132)

$

57,121

February 1, 2020

Weighted

Average

Remaining

Accumulated

Amortization

Amortization

Gross

Amortization/

Net

Period

Period

Carrying

Impairment

Carrying

(in years)

(in years)

Amount

Charges (3)

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

(1) The gross carrying amount is net of impairment charges taken in prior years.
(2) In fiscal 2020, impairment charges of $3.5 million were recorded on indefinite-lived intangible assets (see Note 1 for further explanation).
(3) In fiscal 2019, impairment charges of $6.4 million and $4.1 million were recorded on indefinite-lived and definite-lived intangible assets, respectively (see Note 1 for further explanation).