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Goodwill and Intangible Assets
 9 Months Ended
Oct. 27, 2024
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 its Balance Sheets is as follows:
October 27, 2024January 28, 2024
Gross Goodwill$1,884 $1,561 
Accumulated Impairment— — 
Net Goodwill$1,884 $1,561 
The changes in the carrying amount of goodwill are as follows:
Nine Months Ended
October 27, 2024
Beginning Balance$1,561 
Goodwill acquired during the year322 
Goodwill adjusted during the year1 
Ending balance$1,884 
Goodwill acquired during the nine months ended October 27, 2024 was related to the Fiscal 2024 Acquisitions, 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 its Balance Sheets consist of the following:
October 27, 2024January 28, 2024
Gross IntangibleAccumulated AmortizationNet IntangibleGross IntangibleAccumulated AmortizationNet Intangible
Customer relationships$1,768 $829 $939 $1,496 $718 $778 
Other intangible assets30 5 25 10 4 6 
Total$1,798 $834 $964 $1,506 $722 $784 
Amortization expense related to intangible assets was as follows:
Three Months EndedNine Months Ended
October 27, 2024October 29, 2023October 27, 2024October 29, 2023
Amortization expense$39 $31 $112 $91 
The estimated aggregate amortization expense on intangible assets owned by the Company for the remainder of fiscal 2024 and the next four full fiscal years is expected to be as follows:
Fiscal 2024
$39 
Fiscal 2025
147 
Fiscal 2026
137 
Fiscal 2027
129 
Fiscal 2028
119