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

The carrying amount of goodwill at October 29, 2022 and October 30, 2021 was as follows:

 

 

 

October 29,
2022

 

 

October 30,
2021

 

 

 

(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 at October 29, 2022 and October 30, 2021 was as follows:

 

 

 

 

 

October 29, 2022

 

 

October 30, 2021

 

 

 

Estimated
Life
in Years

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

 

 

 

(In millions)

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JOANN trade name

 

 

$

325.0

 

 

$

 

 

$

325.0

 

 

$

 

Joann.com domain name

 

 

 

10.0

 

 

 

 

 

 

10.0

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Creativebug trade name

 

10

 

 

0.1

 

 

 

(0.1

)

 

 

0.1

 

 

 

 

Technology

 

3

 

 

5.3

 

 

 

(1.2

)

 

 

 

 

 

 

Customer relationships

 

16

 

 

110.0

 

 

 

(79.8

)

 

 

110.0

 

 

 

(73.0

)

Total intangible assets

 

 

 

$

450.4

 

 

$

(81.1

)

 

$

445.1

 

 

$

(73.0

)