Acquisitions, Intangible Assets and Sale of Businesses

Acquisitions

During Fiscal 2016, the Company completed the acquisition of Little Burgundy, a small retail footwear chain in Canada for a total purchase price of $35.1 million. The stores acquired are operated within the Journeys Group. During Fiscal 2015, the Company completed acquisitions of primarily small retail chains and one small wholesale business for a total purchase price of $34.9 million. The stores acquired in Fiscal 2015 are operated within the Lids Sports Group. The wholesale business acquired in Fiscal 2015 was operated within Lids Team Sports, which was sold on January 19, 2016.

Other Intangible Assets

Other intangibles by major classes were as follows:



	Leases						Customer Lists						Other*						Total
In thousands	Jan. 28, 2017			Jan. 30, 2016			Jan. 28, 2017			Jan. 30, 2016			Jan. 28, 2017			Jan. 30, 2016			Jan. 28, 2017			Jan. 30, 2016
Gross other intangibles	$	14,625		$	14,841		$	1,958		$	2,622		$	2,009		$	2,053		$	18,592		$	19,516
Accumulated amortization	(12,938		)	(12,637		)	(1,956		)	(2,264		)	(1,306		)	(1,046		)	(16,200		)	(15,947		)
Net Other Intangibles	$	1,687		$	2,204		$	2		$	358		$	703		$	1,007		$	2,392		$	3,569

*Includes non-compete agreements, vendor contract and backlog.

The amortization of intangibles, including trademarks, was $0.9 million, $2.9 million and $3.3 million for Fiscal 2017, 2016 and 2015, respectively. The amortization of intangibles, including trademarks, will be $0.2 million and $0.1 million for Fiscal 2018 and 2019, respectively, and less than $0.1 million for Fiscal 2020, 2021 and 2022.

Sale of Businesses

On December 25, 2016, the Company completed the sale of all the stock of the Company's subsidiary, Keuka Footwear, Inc., that operates the SureGrip occupational, slip-resistant footwear business, operated within the Licensed Brands Group, to Shoes for Crews, LLC. The Company recognized a gain on the sale, in Fiscal 2017, estimated at $(12.3) million, net of transaction-related expenses before tax and subject to post-closing working capital adjustments.

On January 19, 2016, the Company completed the sale of the assets of the Lids Team Sports business, which has operated within its Lids Sports Group segment, to BSN Sports, LLC. The Company recognized a gain on the sale, in Fiscal 2016, estimated at $(4.7) million, net of transaction-related expenses before tax. In Fiscal 2017, the Company recognized an additional pretax gain of $(2.4) million on the sale of Lids Team Sports related to final working capital adjustments.

The sales of SureGrip Footwear and Lids Team Sports were not strategic shifts that will have a major effect on operations and financial results, and therefore the businesses were not presented as discontinued operations in the Company's Consolidated Financial Statements.