Goodwill and Other Intangible Assets

6 Months Ended

Jul. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

4. Goodwill and Other Intangible Assets

The balance of goodwill was $59.7 million at July 30, 2022 and January 29, 2022. The accumulated goodwill impairment losses as of July 30, 2022 are $137.3 million.

A summary of other intangible assets as of July 30, 2022 and January 29, 2022 is as follows (in thousands):


		July 30, 2022
	Weighted Average Useful Life (Years)	Gross		Accumulated Amortization		Accumulated Impairment		Carrying Amount
Indefinite-lived:
Trade name	N/A	$	58,100	$	—	$	24,100	$	34,000
Definite-lived:
Customer relationships	13.2		134,200		88,631		2,620		42,949
Total intangible assets		$	192,300	$	88,631	$	26,720	$	76,949


		January 29, 2022
	Weighted Average Useful Life (Years)	Gross		Accumulated Amortization		Accumulated Impairment		Carrying Amount
Indefinite-lived:
Trade name	N/A	$	58,100	$	—	$	24,100	$	34,000
Definite-lived:
Customer relationships	13.2		134,200		84,869		2,620		46,711
Total intangible assets		$	192,300	$	84,869	$	26,720	$	80,711

Total amortization expense for these amortizable intangible assets was $1.9 million and $2.0 million for the thirteen weeks ended July 30, 2022 and July 31, 2021, respectively, and $3.8 million and $4.1 million for the twenty-six weeks ended July 30, 2022 and July 31, 2021, respectively.

The estimated amortization expense for each of the next five years and thereafter is as follows (in thousands):


Fiscal Year	Estimated Amortization Expense
2022	$	3,761
2023		6,942
2024		5,231
2025		4,693
2026		4,556
Thereafter		17,766
Total	$	42,949

Impairment Tests

Goodwill and indefinite-lived intangible assets are not amortized but are reviewed for impairment at least annually at fiscal year-end, or more frequently when events or changes in circumstances indicate that the carrying value may not be recoverable. Definite-lived intangible assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable. Judgments regarding indicators of potential impairment are based on market conditions and operational performance of the business.

For goodwill and other intangible assets, the Company performed the required review for potential impairments and no impairments were indicated.