Goodwill and Other Intangible Assets

12 Months Ended

Feb. 01, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Intangible Assets

Goodwill

The following table summarizes changes in the carrying amount of goodwill, which is reported net of $111.3 million in accumulated impairments in each period, for the fiscal periods presented (in thousands):

	2019		2018
Goodwill, balance at beginning of year	$	250,476	$	250,476
Sale of subsidiaries	(4,619)		—
Goodwill, balance at end of year	$	245,857	$	250,476

No impairment charges were recorded against goodwill in fiscal 2019, 2018 or 2017.

Intangible Assets

The components of intangible assets were as follows as of the end of the fiscal years presented (in thousands):

	2019				2018
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Trademarks (indefinite-lived)	$	60,910	$	—	$	89,206	$	—
Trade names (indefinite-lived)	15,660		—		16,031		—
Customer lists	18,195		(9,176)		21,166		(7,774)
Acquired technology and other finite-lived intangible assets	20,634		(17,551)		26,901		(21,160)
Other indefinite-lived intangible assets	6,096		—		5,796		—
Total intangible assets	$	121,495	$	(26,727)	$	159,100	$	(28,934)

The Company had indefinite-lived and finite-lived intangible assets, net of accumulated amortization, of $82.7 million and $12.1 million, respectively, as of February 1, 2020 and $111.0 million and $19.1 million, respectively, as of February 2, 2019. In connection with the Company’s hunt restructuring, which is described further in Note 15–Fair Value Measurements, the Company recorded a $28.3 million non-cash impairment charge to reduce the carrying value of a trademark associated with its hunting business to its estimated fair value. The impairment charge is included within selling, general and administrative expenses on the Consolidated Statement of Income.

In connection with the sale of two of its technology subsidiaries in the third quarter of fiscal 2019, the Company disposed of goodwill and intangible assets, net of accumulated amortization, of $4.6 million and $2.1 million, respectively. See Note 5–Sale of Subsidiaries for additional details.

Amortization of the Company’s finite-lived intangible assets was $5.3 million in fiscal 2019 and $6.4 million in each of fiscal 2018 and 2017.

The Company expects to recognize amortization expense on existing finite-lived intangible assets over the next five years as follows (in thousands):

Fiscal Year	Estimated Amortization Expense
2020	$	4,209
2021	3,684
2022	2,474
2023	1,544
2024	191
Total	$	12,102