Goodwill and Other Intangible Assets

12 Months Ended

Jan. 30, 2021

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):

	2020		2019
Goodwill, balance at beginning of year	$	245,857	$	250,476
Sale of subsidiaries	—		(4,619)
Goodwill, balance at end of year	$	245,857	$	245,857

No impairment charges were recorded against goodwill in fiscal 2020, 2019 or 2018.

Intangible Assets

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

	2020				2019
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Trademarks (indefinite-lived)	$	61,315	$	—	$	60,910	$	—
Trade names (indefinite-lived)	15,660		—		15,660		—
Customer lists	18,195		(11,604)		18,195		(9,176)
Acquired technology and other finite-lived intangible assets	12,016		(10,773)		20,634		(17,551)
Other indefinite-lived intangible assets	5,242		—		6,096		—
Total intangible assets	$	112,428	$	(22,377)	$	121,495	$	(26,727)

The Company had indefinite-lived and finite-lived intangible assets, net of accumulated amortization, of $82.2 million and $7.8 million, respectively, as of January 30, 2021 and $82.7 million and $12.1 million, respectively, as of February 1, 2020. Amortization of the Company’s finite-lived intangible assets was $4.3 million, $5.3 million, and $6.4 million in fiscal 2020, 2019, and 2018, respectively.

In fiscal 2019, the Company sold two technology subsidiaries, Blue Sombrero and Affinity Sports, to Stack Sports (unaffiliated with the Company’s Executive Chairman, Edward Stack) for net cash proceeds of $40.4 million. In connection with the sale, the Company recorded a pre-tax gain of $33.8 million and disposed of goodwill and intangible assets, net of accumulated amortization, of $4.6 million and $2.1 million, respectively.

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
2021	$	3,626
2022	2,473
2023	1,544
2024	191
Total	$	7,834