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Goodwill and Intangible Assets
6 Months Ended
Aug. 01, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill
The carrying amount of the Company's goodwill included in the Balance Sheets is as follows:
August 1, 2021January 31, 2021
Gross Goodwill$1,452.5 $1,452.7 
Accumulated Impairment— — 
Net Goodwill$1,452.5 $1,452.7 
The changes in the carrying amount of goodwill are as follows:
Six Months Ended
August 1, 2021
Beginning Balance$1,452.7 
Goodwill acquired during the year— 
Goodwill adjusted during the year(0.2)
Ending balance$1,452.5 
Adjustments to goodwill during the three and six months ended August 1, 2021 were related to the R&B Acquisition, as further described in Note 4.
Goodwill represents the excess of purchase price over the fair value of net assets acquired. The Company does not amortize goodwill, but does assess the recoverability of goodwill on an annual basis during the fourth quarter. If an event occurs or circumstances change that would "more likely than not" reduce the fair value of a reporting unit below its carrying value, an interim impairment test would be performed between annual tests.
Intangible Assets
The Company's intangible assets included in the Balance Sheets consist of the following:
August 1, 2021January 31, 2021
Gross IntangibleAccumulated AmortizationNet IntangibleGross IntangibleAccumulated AmortizationNet Intangible
Customer relationships$1,277.1 $416.3 $860.8 $1,276.8 $358.8 $918.0 
Other intangible assets2.6 1.7 0.9 2.6 1.4 1.2 
Total$1,279.7 $418.0 $861.7 $1,279.4 $360.2 $919.2 
Amortization expense related to intangible assets was as follows:
Three Months EndedSix Months Ended
August 1, 2021August 2, 2020August 1, 2021August 2, 2020
Amortization expense$28.8 $29.6 $57.8 $58.2 
The estimated aggregate amortization expense on intangible assets owned by the Company for the remainder of fiscal 2021 and the next four full fiscal years is expected to be as follows:
Fiscal 2021
$57.0 
Fiscal 2022
107.1 
Fiscal 2023
98.9 
Fiscal 2024
91.3 
Fiscal 2025
85.6