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GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Jan. 30, 2021

3.	GOODWILL AND INTANGIBLE ASSETS

The following table summarizes the changes in the Company’s net goodwill balance through January 30, 2021.


	2020		2019
Balance beginning of year
Goodwill	$	5,737	$	5,729
Accumulated impairment losses		(2,661)		(2,642)
Subtotal		3,076		3,087

Activity during the year
Mergers		—		8
Impairment losses		—		(19)


Balance end of year
Goodwill		5,737		5,737
Accumulated impairment losses		(2,661)		(2,661)
Total Goodwill	$	3,076	$	3,076

In 2019, the Company finalized the purchase accounting for the Home Chef acquisition resulting in an increase of goodwill and deferred taxes of $8. The Company also recorded an impairment charge of $19 as a result of the Lucky’s Market impairment.

Testing for impairment must be performed annually, or on an interim basis upon the occurrence of a triggering event or a change in circumstances that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The annual evaluation of goodwill and indefinite-lived intangible assets was performed during the fourth quarter of 2020, 2019 and 2018 and did not result in impairment.

The following table summarizes the Company’s intangible assets balance through January 30, 2021.


	2020				2019
	Gross carrying		Accumulated		Gross carrying		Accumulated
	amount		amortization⁽¹⁾		amount		amortization⁽¹⁾
Definite-lived pharmacy prescription files		315		(167)		320		(133)
Definite-lived customer relationships		186		(143)		186		(120)
Definite-lived other		110		(78)		106		(68)
Indefinite-lived trade name		685		—		685		—
Indefinite-lived liquor licenses		89		—		90		—

Total	$	1,385	$	(388)	$	1,387	$	(321)

(1)	Pharmacy prescription files are amortized to merchandise costs, customer relationships are amortized to depreciation and amortization expense and other intangibles are amortized to OG&A expense and depreciation and amortization expense.

Amortization expense associated with intangible assets totaled approximately $67, $85 and $80, during fiscal years 2020, 2019 and 2018, respectively. Future amortization expense associated with the net carrying amount of definite-lived intangible assets for the years subsequent to 2020 is estimated to be approximately:


2021	$	58
2022		51
2023		38
2024		34
2025		30
Thereafter		12

Total future estimated amortization associated with definite-lived intangible assets	$	223