Intangible Assets and Goodwill

12 Months Ended

Jan. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

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



	January 30, 2016			January 31, 2015
Intangible assets with finite lives	$	38,897		$	39,756
Accumulated amortization	(33,359		)	(31,822		)
Total intangible assets with finite lives, net	5,538			7,934

Intangible assets with indefinite lives:
Trademarks	138,200			138,200
Total intangible assets, net	$	143,738		$	146,134

The changes in carrying amount of intangible assets, by operating group and in total, for Fiscal 2015, Fiscal 2014 and Fiscal 2013 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer			Total
Balance, February 2, 2013	$	111,580		$	29,639		$	141,219
Acquisition of reacquired license rights	11,041			—			11,041
Amortization	(1,687		)	(329		)	(2,016		)
Other, including foreign currency changes	(1,076		)	—			(1,076		)
Balance, February 1, 2014	119,858			29,310			149,168
Amortization	(2,004		)	(278		)	(2,282		)
Other, including foreign currency changes	(752		)	—			(752		)
Balance, January 31, 2015	117,102			29,032			146,134
Amortization	(1,688		)	(238		)	(1,926		)
Other, including foreign currency changes	(470		)	—			(470		)
Balance, January 30, 2016	$	114,944		$	28,794		$	143,738

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 $1.7 million, $1.6 million, $1.6 million, $0.2 million and $0.2 million.

The changes in the carrying amount of goodwill by operating group and in total, for Fiscal 2015, Fiscal 2014 and Fiscal 2013 are as follows (in thousands):



	Tommy Bahama			Lilly Pulitzer		Total
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	(103		)	—		(103		)
Balance, January 31, 2015	801			16,495		17,296
Other, including foreign currency changes	(73		)	—		(73		)
Balance, January 30, 2016	$	728		$	16,495	$	17,223

- 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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