Intangible Assets and Goodwill

12 Months Ended

Apr. 28, 2018

10.

Intangible Assets and Goodwill


Amortizable intangible assets	Useful Life		As of April 28, 2018
Amortizable intangible assets	Useful Life		Gross Carrying Amount		Accumulated Amortization			Total
Technology		5-10	$	10,710	$	(10,404	)	$	306
Other		3-10		6,546		(6,497	)		49

			$	17,256	$	(16,901	)	$	355


Unamortizable intangible assets
Trade name								$	293,400
Publishing contracts									15,894

								$	309,294

Total amortizable and unamortizable intangible assets as of April 28, 2018								$	309,649



Amortizable intangible assets	Useful Life		As of April 29, 2017
Amortizable intangible assets	Useful Life		Gross Carrying Amount		Accumulated Amortization			Total
Technology		5-10	$	10,710	$	(9,997	)	$	713
Distribution contracts		10		8,325		(8,201	)		124
Other		3-10		6,458		(6,384	)		74

			$	25,493	$	(24,582	)	$	911


Unamortizable intangible assets
Trade name								$	293,400
Publishing contracts									15,894

								$	309,294

Total amortizable and unamortizable intangible assets as of April 29, 2017								$	310,205

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


Aggregate Amortization Expense
For the 52 weeks ended April 28, 2018	$	644
For the 52 weeks ended April 29, 2017	$	782
For the 52 weeks ended April 30, 2016	$	1,012

Estimated Amortization Expense
(12 months ending on or about April 30)
2019	$	355

See Note 1 for discussion on impairment testing of unamortizable intangible assets.

The changes in the carrying amount of goodwill, which relate to the B&N Retail reporting unit, for fiscal 2018 and fiscal 2017, are as follows:


	Total Company
Balance as of April 30, 2016	$	211,276
Benefit of excess tax amortization ^(a)		(3,895	)

Balance as of April 29, 2017	$	207,381
Benefit of excess tax amortization ^(a)		(2,176	)
Goodwill impairment ^(b)		(133,612	)

Balance as of April 28, 2018	$	71,593

^(a)

The tax basis of goodwill arising from an acquisition during the 52 weeks ended January 29, 2005 exceeded the related basis for financial reporting purposes by approximately $96,576. In accordance with ASC 740-10-30, Accounting for Income Taxes, the Company is recognizing the tax benefits of amortizing such excess as a reduction of goodwill as it is realized on the Company’s income tax return.

^(b)	See Note 1 for discussion on goodwill impairment testing.

- 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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