Goodwill And Intangible Assets

3 Months Ended

Apr. 28, 2012

Goodwill and Intangible Assets [Abstract]

Note 7

Goodwill and Intangible Assets

Goodwill and intangible assets were attributable to the Company's operating segments as follows:


($ thousands)	April 28, 2012			April 30, 2011		January 28, 2012

Intangible Assets
Famous Footwear	$	2,800		$	2,800		$	2,800
Wholesale Operations		155,003			163,008			155,003
Specialty Retail		200			200			200
Total intangible assets		158,003			166,008			158,003
Accumulated amortization		(58,910	)		(50,782	)		(57,017	)
Total intangible assets, net		99,093			115,226			100,986
Goodwill
Wholesale Operations		39,604			57,936			39,604
Total goodwill		39,604			57,936			39,604
Goodwill and intangible assets, net	$	138,697		$	173,162		$	140,590

Intangible assets, primarily owned trademarks, of $42.5 million as of April 28, 2012, January 28, 2012 and April 30, 2011 are not subject to amortization. All remaining intangible assets, primarily owned and licensed trademarks, are subject to amortization and have useful lives ranging from four to 20 years as of April 28, 2012. Amortization expense related to intangible assets was $1.9 million and $2.1 million for the thirteen weeks ended April 28, 2012 and April 30, 2011, respectively.

The decrease in the goodwill and intangible assets of the Wholesale Operations segment from April 30, 2011 to January 28, 2012 and April 28, 2012 is primarily related to the Company's sale of TBMC on October 25, 2011. The Company's sale of TBMC resulted in the elimination of $21.6 million of goodwill and $8.0 of intangible assets.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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