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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jan. 29, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Carrying Amount of Goodwill

Changes in the carrying value of goodwill were as follows:

 

 

 

Fiscal Year Ended

 

 

 

January 29,
2022

 

 

January 30,
2021

 

 

 

(Dollars in millions)

 

Goodwill, gross

 

$

643.8

 

 

$

643.8

 

Accumulated impairment

 

 

(481.8

)

 

 

(481.8

)

Goodwill, net

 

$

162.0

 

 

$

162.0

 

Schedule of Carrying Amount and Accumulated Amortization of Identifiable Intangible Assets

The carrying amount and accumulated amortization of identifiable intangible assets was:

 

 

 

 

 

 

January 29, 2022

 

 

January 30, 2021

 

 

 

Estimated
Life in
Years

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

 

(Dollars in millions)

 

JOANN trade name

 

 

 

 

$

325.0

 

 

$

 

 

$

325.0

 

 

$

 

joann.com domain name

 

 

 

 

 

10.0

 

 

 

 

 

 

10.0

 

 

 

 

Creativebug trade name

 

 

10

 

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

 

Customer relationships

 

 

16

 

 

 

110.0

 

 

 

74.8

 

 

 

110.0

 

 

 

67.9

 

Total intangible assets

 

 

 

 

$

445.1

 

 

$

74.8

 

 

$

445.1

 

 

$

67.9

 

Schedule of Finite-Lived Intangible Assets, Remaining Amortization Expense

The remaining amortization of intangible assets with definitive lives by year is as follows (in millions):

 

Fiscal Year

 

Amortization

 

2023

 

$

6.9

 

2024

 

 

6.9

 

2025

 

 

6.9

 

2026

 

 

6.9

 

2027

 

 

6.9

 

Thereafter

 

 

0.8

 

Total

 

$

35.3