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Intangible Assets and Goodwill
 9 Months Ended
Nov. 01, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill:
Intangible assets by category are summarized below (in thousands):
November 1,
2025		February 1,
2025		November 2,
2024
Intangible assets with finite lives$118,455 $120,616 $110,367 
Accumulated amortization and impairment(83,159)(76,201)(70,630)
Total intangible assets with finite lives, net35,296 44,415 39,737 
Intangible assets with indefinite lives:
Tommy Bahama Trademark$110,700 $110,700 $110,700 
Lilly Pulitzer Trademark27,500 27,500 27,500 
Johnny Was Trademark9,000 66,000 66,000 
Southern Tide Trademark9,300 9,300 9,300 
Total intangible assets with indefinite lives$156,500 $213,500 $213,500 
Total intangible assets, net$191,796 $257,915 $253,237 
Intangible assets, by reportable segment, as well as Corporate and Other, and in total, for the First Nine Months of Fiscal 2025 and for Fiscal 2024 are as follows (in thousands):
Tommy
Bahama		Lilly
Pulitzer
Johnny
Was (1)
Emerging
Brands		Corporate
and Other		Total
Balance, February 3, 2024$110,700 $27,632 $103,694 $20,075 $— $262,101 
Acquisition$— $7,814 $— $— $— $7,814 
Amortization— (244)(10,870)(886)— (12,000)
Balance, February 1, 2025$110,700 $35,202 $92,824 $19,189 $— $257,915 
Acquisition— 270 — 32 — 302 
Impairment$— $— $(57,000)$(2,127)$— $(59,127)
Amortization— (830)(5,800)(664)— (7,294)
Balance, November 1, 2025110,700 34,642 30,024 16,430 — 191,796 
Based on the current estimated useful lives assigned to our intangible assets, amortization expense for the remainder of Fiscal 2025 and for each of the next five years is expected to be $2 million, $7 million, $6 million, $5 million, $4 million and $3 million, respectively.
Goodwill, by reportable segment, as well as Corporate and Other, and in total, for the First Nine Months of Fiscal 2025 and for Fiscal 2024 is as follows (in thousands):
Tommy
Bahama		Lilly
Pulitzer
Johnny
Was (1)
Emerging
Brands		Corporate
and Other		Total
Balance, February 3, 2024$697 $19,522 $— $6,971 $— $27,190 
Acquisition— — — 232 — 232 
Other, including foreign currency(39)— — — — (39)
Balance, February 1, 2025$658 $19,522 $— $7,203 $— $27,383 
Acquisition— — — — — — 
Impairment— — — (1,853)— (1,853)
Other, including foreign currency32 — — — — 32 
Balance, November 1, 2025$690 $19,522 $— $5,350 $— $25,562 
(1)The beginning balances as of February 3, 2024, for Johnny Was reflect the $99 million goodwill and $12 million indefinite-lived intangible asset impairment charges recorded in Fiscal 2023.
Interim Impairment Testing
During the third quarter of Fiscal 2025, we identified triggering events requiring interim impairment assessments of the indefinite-lived Johnny Was trademark and the Jack Rogers reporting unit. These triggering events also required interim impairment assessments of the Johnny Was asset group and Jack Rogers asset group, which includes the Jack Rogers trademark and other non-current assets, including property and equipment, finite-lived intangible assets, and operating lease assets. Refer to "Note 1. Basis of Presentation" for additional information on the triggering events for both Johnny Was and Jack Rogers.
As a result of these triggering events, in connection with the preparation of these unaudited condensed consolidated financial statements, we performed quantitative impairment assessments of the indefinite-lived Johnny Was trademark, the Jack Rogers reporting unit and the Johnny Was and Jack Rogers asset groups. The impairment assessments were performed in accordance with our accounting policies for goodwill and intangible assets, including intangible assets with finite lives, as described in Note 1 of our Fiscal 2024 Form 10-K. The fair value of each asset was estimated using valuation techniques consistent with those applied in our annual impairment analyses.
For both indefinite-lived and finite-lived trademarks, fair value was estimated using the relief-from-royalty method, which considers projected revenues, assumed royalty rates, and a discount rate reflecting the risk profile of the asset. The recent significant declines in profitability for both Johnny Was and Jack Rogers led to a reduction in the royalty rates used to determine the fair value of each trademark. For finite-lived assets, the recoverability of the carrying value of each asset group was determined using undiscounted projected future cash flows. For goodwill, fair value of the reporting unit was determined using an income approach based on discounted projected future cash flows. The recent declines in net sales and operating results, performance below forecasted expectations and negative revisions to projected results led to reductions in future cash flows used in both the discounted and undiscounted cash flow analyses. If the carrying value of an asset group was found to be not recoverable, the fair value of the non-current assets was determined using valuation techniques consistent with those applied in our annual impairment analyses.
Based on the impairment analyses, the fair values of the Johnny Was trademark and Jack Rogers reporting unit were determined to be below their respective carrying amounts resulting in impairment charges of $57 million and $2 million, respectively. Further, the carrying value of the Jack Rogers asset group was determined to not be recoverable requiring an estimate of the fair value of the Jack Rogers trademark using the relief-from-royalty method. The fair value of the Jack Rogers trademark was determined to be below its carrying amount resulting in a $2 million impairment charge. Jack Rogers had no material other non-current assets. The carrying value of the Johnny Was asset group was determined to be recoverable as of the end of the Third Quarter of Fiscal 2025, and consequently did not result in any impairment charges. The impairment charges were recorded during the Third Quarter of Fiscal 2025 within "Impairment of goodwill and intangible assets" in our condensed consolidated statements of operations.