Intangible Assets and Goodwill

6 Months Ended

Oct. 29, 2016

11.

Intangible Assets and Goodwill


			As of October 29, 2016
Amortizable Intangible Assets	Useful Life		Gross Carrying Amount		Accumulated Amortization			Total
Technology		5-10	$	10,710		(9,793	)	$	917
Distribution contracts		10		8,325		(8,053	)		272
Other		3-10		6,395		(6,335	)		60

			$	25,430		(24,181	)	$	1,249


Unamortizable Intangible Assets
Trade name								$	293,400
Publishing contracts									15,894

								$	309,294


Total amortizable and unamortizable intangible assets								$	310,543


			As of October 31, 2015
Amortizable Intangible Assets	Useful Life		Gross Carrying Amount		Accumulated Amortization			Total
Technology		5-10	$	10,710		(9,385	)	$	1,325
Distribution contracts		10		8,325		(7,757	)		568
Other		3-10		6,271		(6,260	)		11

			$	25,306		(23,402	)	$	1,904


Unamortizable Intangible Assets
Trade name								$	293,400
Publishing contracts									19,734

								$	313,134


Total amortizable and unamortizable intangible assets								$	315,038

All amortizable intangible assets are being amortized over their useful life on a straight-line basis.


Aggregate Amortization Expense
For the 26 weeks ended October 29, 2016	$	381
For the 26 weeks ended October 31, 2015	$	615

Estimated Amortization Expense
(12 months ending on or about April 30)
2017	$	759
2018	$	547
2019	$	324

The carrying amount of goodwill was $211,276 and $215,197 as of October 29, 2016 and October 31, 2015, respectively.

- 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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