Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Feb. 01, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following details the changes in goodwill for each reportable segment:

	Premium Fashion (a)			Kids Fashion (b)			Total
	(millions)
Balance at August 3, 2019	$	305.0		$	8.5		$	313.5
Impairment losses	(54.9		)	(8.5		)	(63.4		)
Balance at February 1, 2019	$	250.1		$	—		$	250.1

^(a) Net of accumulated impairment losses of $483.8 million and $428.9 million for the Premium Fashion segment as of February 1, 2020 and August 3, 2019, respectively.

^(b) Net of accumulated impairment losses of $169.4 million and $160.9 million for the Kids Fashion segment as of February 1, 2020 and August 3, 2019, respectively.

Schedule of Finite-Lived Intangible Assets

As more fully described in Note 3, favorable leases have been reclassified from Other intangible assets, net to Operating lease right-of-use assets within the condensed consolidated balance sheet due to the recent adoption of ASC 842. Other intangible assets, reflecting the change, as well as the impairments discussed above, now consist of the following:

	February 1, 2020							August 3, 2019
Description	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets not subject to amortization:	(millions)
Brands and trade names (a)	$	206.0	$	—		$	206.0	$	252.0	$	—		$	252.0
Franchise rights (b)	10.0		—			10.0		10.9		—			10.9
Total intangible assets not subject to amortization	216.0		—			216.0		262.9		—			262.9
Intangible assets subject to amortization:
Proprietary technology	4.8		(4.8		)	—		4.8		(4.8		)	—
Customer relationships	52.0		(49.4		)	2.6		52.0		(46.7		)	5.3
Favorable leases	—		—			—		38.2		(29.8		)	8.4
Trade names	5.3		(5.3		)	—		5.3		(5.3		)	—
Total intangible assets subject to amortization	62.1		(59.5		)	2.6		100.3		(86.6		)	13.7
Total intangible assets	$	278.1	$	(59.5	)	$	218.6	$	363.2	$	(86.6	)	$	276.6

^(a) Net of accumulated trade name impairment losses are as follows: $235.0 million of our Ann Taylor trade name, $416.6 million of our LOFT trade name, $243.5 million of our Lane Bryant trade name, $7.0 million of our Catherines trade name, and $51.6 million of our Justice trade name.

^(b) Net of accumulated franchise right impairment of $0.9 million at our Justice brand.