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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
May 02, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Value of Goodwill
Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:
(in thousands)
Wholesale
 
Other
 
Total
Goodwill as of August 3, 2019
$
432,103

(1) 
$
10,153

(2) 
$
442,256

Goodwill adjustment for prior fiscal year business combinations
1,424

 

 
1,424

Impairment charges
(423,712
)
 
(293
)
 
(424,005
)
Change in foreign exchange rates
(527
)
 

 
(527
)
Goodwill as of May 2, 2020
$
9,288

(1) 
$
9,860

(2) 
$
19,148


(1)
Amounts are net of accumulated goodwill impairment charges of $292.8 million and $716.5 million as of August 3, 2019 and May 2, 2020, respectively.
(2)
Amounts are net of accumulated goodwill impairment charges of $9.3 million and $9.6 million as of August 3, 2019 and May 2, 2020.
Identifiable Intangible Assets
Identifiable intangible assets consisted of the following:
 
May 2, 2020
 
August 3, 2019
(in thousands)
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortizing intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
$
1,005,776

 
$
156,471

 
$
849,305

 
$
1,007,089

 
$
111,940

 
$
895,149

Non-compete agreements
12,900

 
10,191

 
2,709

 
12,900

 
6,237

 
6,663

Operating lease intangibles
10,482

 
1,771

 
8,711

 
32,103

 
2,209

 
29,894

Trademarks and tradenames
67,700

 
27,521

 
40,179

 
67,700

 
14,161

 
53,539

Total amortizing intangible assets
1,096,858

 
195,954

 
900,904

 
1,119,792

 
134,547

 
985,245

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks and tradenames
55,813

 

 
55,813

 
55,813

 

 
55,813

Intangible assets, net
$
1,152,671

 
$
195,954

 
$
956,717

 
$
1,175,605

 
$
134,547

 
$
1,041,058


Estimated Future Amortization Expense The estimated future amortization expense for each of the next five fiscal years and thereafter on definite lived intangible assets existing as of May 2, 2020 is shown below:
Fiscal Year:
(In thousands)
Remaining fiscal 2020
$
21,391

2021
71,431

2022
65,895

2023
65,844

2024
66,251

2025 and thereafter
610,092

 
$
900,904