Intangible Assets and Goodwill

12 Months Ended

Jan. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets by category are summarized below (in thousands):



	January 31, 2015			February 1, 2014
Intangible assets with finite lives, which primarily consist of reacquired license rights and customer relationships:	$	52,668		$	55,050
Accumulated amortization	(44,375		)	(43,488		)
Total intangible assets with finite lives, net	8,293			11,562
Intangible assets with indefinite lives:
Trademarks	159,477			161,461
Total intangible assets, net	$	167,770		$	173,023

The changes in carrying amount of intangible assets, by operating group and in total, for Fiscal 2014, Fiscal 2013 and Fiscal 2012 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer			Ben Sherman			Total
Balance, January 28, 2012	$	111,964		$	30,028		$	23,201		$	165,193
Amortization	(384		)	(389		)	(252		)	(1,025		)
Other, including foreign currency changes	—			—			149			149
Balance, February 2, 2013	111,580			29,639			23,098			164,317
Acquisition of reacquired license rights	11,041			—			—			11,041
Amortization	(1,687		)	(329		)	(209		)	(2,225		)
Other, including foreign currency changes	(1,076		)	—			966			(110		)
Balance, February 1, 2014	119,858			29,310			23,855			173,023
Amortization	(2,004		)	(278		)	(199		)	(2,481		)
Other, including foreign currency changes	(751		)	—			(2,021		)	(2,772		)
Balance, January 31, 2015	$	117,103		$	29,032		$	21,635		$	167,770

Based on the current estimated useful lives assigned to our intangible assets, amortization expense for each of the next five years is expected to be $2.1 million, $1.9 million, $1.8 million, $1.6 million and $0.2 million.

The changes in the carrying amount of goodwill by operating group and in total, for Fiscal 2014, Fiscal 2013 and Fiscal 2012 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer		Total
Balance, January 28, 2012	$	—		$	16,495	$	16,495
Acquisition	780			—		780
Balance, February 2, 2013	780			16,495		17,275
Acquisition	247			—		247
Other, including foreign currency changes	(123		)	—		(123		)
Balance, February 1, 2014	904			16,495		17,399
Other, including foreign currency changes	(104		)	—		(104		)
Balance, January 31, 2015	$	800		$	16,495	$	17,295

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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