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Intangible Assets and Liabilities
12 Months Ended
Jan. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Liabilities Intangible Assets and Liabilities
Intangible assets and liabilities consist of the following (in thousands):
January 29, 2022
Gross Carrying AmountAccumulated AmortizationNet Amount
Goodwill$924,134 $— $924,134 
Intangible Assets Not Subject to Amortization:
BJ’s trade name$90,500 $— $90,500 
Intangible Assets Subject to Amortization:
Member relationships245,000 (212,041)32,959 
Private label brands8,500 (7,319)1,181 
Total intangible assets$344,000 $(219,360)$124,640 
January 30, 2021
Gross Carrying AmountAccumulated AmortizationNet Amount
Goodwill$924,134 $— $924,134 
Intangible Assets Not Subject to Amortization:
BJ’s trade name$90,500 $— $90,500 
Intangible Assets Subject to Amortization:
Member relationships245,000 (202,266)42,734 
Private label brands8,500 (6,611)1,889 
Total intangible assets$344,000 $(208,877)$135,123 
The Company records amortization expenses of intangible assets as a component of SG&A. Member relationships are amortized over 15.3 years and private label brands are amortized over 12 years. Member relationships will be amortized through fiscal year 2026 and private label brands will be amortized through fiscal year 2023.
The Company recorded amortization expenses of $10.5 million, $11.9 million and $13.5 million as a component of SG&A for the fiscal years ended January 29, 2022, January 30, 2021 and February 1, 2020, respectively. The Company estimates that amortization expenses related to intangible assets will be as follows in each of the next five fiscal years (in thousands):
Intangible Assets
2022$9,230 
20237,866 
20246,517 
20255,639 
20264,887