Asset Acquisition and Business Combination (Tables)

12 Months Ended

Mar. 28, 2020

Asset Acquisition and Business Combination

Schedule of changes in the carrying amount of goodwill

The change in the carrying amount of goodwill is as follows (in thousands):

Balance as of March 31, 2018	$	193,095
Goodwill as a result of the Lone Star Acquisition		2,763
Balance as of March 30, 2019		195,858
Goodwill as a result of the G.&L. Clothing Inc. Acquisition		1,644
Balance as of March 28, 2020	$	197,502

G.&L. Clothing, Inc

Asset Acquisition and Business Combination

Schedule of estimated fair values of the assets acquired and liabilities assumed

(in thousands)	At August 26, 2019
Assets acquired:
Inventory	$	2,361
Property & equipment, net		64
Customer list		345
Right-of-use asset, net		1,946
Goodwill		1,644
Total assets acquired	$	6,360
Liabilities assumed:
Merchandise credits and other current liabilities	$	169
Short-term lease liability		129
Long-term lease liability		2,374
Total liabilities assumed		2,672
Net assets acquired	$	3,688

Lone Star Western & Casual LLC

Asset Acquisition and Business Combination

Schedule of estimated fair values of the assets acquired and liabilities assumed

	At June 30, 2018
	(in thousands)
Assets acquired:
Inventory	$	1,872
Property & equipment, net		42
Below-market lease		92
Goodwill		2,763
Total assets acquired	$	4,769
Liabilities assumed:
Other liability - merchandise credits	$	69
Above-market lease		276
Total liabilities assumed		345
Net Assets acquired	$	4,424