Goodwill and Intangible Assets

12 Months Ended

Feb. 01, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

Goodwill- Activity related to our goodwill was as follows:

	February 1, 2020									February 2, 2019
(in thousands)	Goodwill			Accumulated Impairments			Net			Goodwill			Accumulated Impairments			Net
Beginning of period by segment:
U.S. Retail	$	25,899		$	—		$	25,899		$	25,899		$	—		$	25,899
Canada Retail	42,048			(42,048		)	—			—			—			—
Brand Portfolio	63,614			—			63,614			—			—			—
Other	—			—			—			53,790			(53,790		)	—
	131,561			(42,048		)	89,513			79,689			(53,790		)	25,899
Activity by segment:
U.S. Retail -
Allocation of goodwill from Brand Portfolio	67,756			—			67,756			—			—			—
Canada Retail:
Acquired TSL goodwill	—			—			—			43,022			—			43,022
Impairment charges	—			—			—			—			(41,845		)	(41,845		)
Currency translation adjustment	(438		)	438			—			(974		)	(203		)	(1,177		)
Brand Portfolio:
Acquired Camuto Group goodwill	—			—			—			63,614			—			63,614
Purchase price and allocation adjustments	24,131			—			24,131			—			—			—
Allocation of goodwill to U.S. Retail	(67,756		)	—			(67,756		)	—			—			—
Other - Eliminated goodwill from Ebuys exit	—			—			—			(53,790		)	53,790			—
	23,693			438			24,131			51,872			11,742			63,614
End of period by segment:
U.S. Retail	93,655			—			93,655			25,899			—			25,899
Canada Retail	41,610			(41,610		)	—			42,048			(42,048		)	—
Brand Portfolio	19,989			—			19,989			63,614			—			63,614
	$	155,254		$	(41,610	)	$	113,644		$	131,561		$	(42,048	)	$	89,513

Intangible Assets- Intangible assets consisted of the following:

	February 1, 2020							February 2, 2019
(in thousands)	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Definite-lived:
Customer relationships	$	9,360	$	(2,044	)	$	7,316	$	28,375	$	(1,010	)	$	27,365
Favorable leasehold interests	—		—			—		3,513		(295		)	3,218
Indefinite-lived trademarks and tradenames	15,530		—			15,530		15,546		—			15,546
	$	24,890	$	(2,044	)	$	22,846	$	47,434	$	(1,305	)	$	46,129

The customer relationships are amortized by the straight-line method over three years associated with the Canada loyalty program and eight years for Brand Portfolio customer relationships. Upon transition to ASU 2016-02 at the beginning of fiscal 2019, amounts for favorable leasehold interests were netted against the operating lease assets.