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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jul. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Carrying Amount of Goodwill

The carrying amount of goodwill at July 31, 2021 and August 1, 2020, was as follows:

 

 

 

July 31,

2021

 

 

August 1,

2020

 

 

 

(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 at July 31, 2021 and August 1, 2020 was as follows:

 

 

 

 

 

 

 

July 31, 2021

 

 

August 1, 2020

 

 

 

Estimated

Life

in Years

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

 

 

 

 

 

(Dollars 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

 

 

 

 

Customer relationships

 

 

16

 

 

 

110.0

 

 

 

(71.3

)

 

 

110.0

 

 

 

(64.4

)

Total intangible assets

 

 

 

 

 

$

445.1

 

 

$

(71.3

)

 

$

445.1

 

 

$

(64.4

)