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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Feb. 03, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill, by segment (please see Note 20, “Segment Data,” for further discussion of the Company’s reportable segments), were as follows:
(In millions) | Calvin Klein North America |  | Calvin Klein International |  | Tommy Hilfiger North America |  | Tommy Hilfiger International |  | Heritage Brands Wholesale |  | Heritage Brands Retail |  | Total
Balance as of January 29, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 739.4 |  |  | $ | 864.5 |  |  | $ | 204.4 |  |  | $ | 1,425.8 |  |  | $ | 235.8 |  |  | $ | 11.9 |  |  | $ | 3,481.8 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11.9 | ) |  | (11.9 | )
Goodwill, net | 739.4 |  |  | 864.5 |  |  | 204.4 |  |  | 1,425.8 |  |  | 235.8 |  |  | — |  |  | 3,469.9 |
Contingent purchase price payments to Mr. Calvin Klein | 34.2 |  |  | 23.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 57.3 |
True & Co. acquisition | 5.4 |  |  | 4.8 |  |  | — |  |  | — |  |  | 10.7 |  |  | — |  |  | 20.9 |
Belgian acquisition | — |  |  | 1.3 |  |  | — |  |  | 11.1 |  |  | — |  |  | — |  |  | 12.4 |
Currency translation | 1.2 |  |  | 48.3 |  |  | — |  |  | 224.7 |  |  | — |  |  | — |  |  | 274.2 |
Balance as of February 4, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 780.2 |  |  | 942.0 |  |  | 204.4 |  |  | 1,661.6 |  |  | 246.5 |  |  | 11.9 |  |  | 3,846.6 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11.9 | ) |  | (11.9 | )
Goodwill, net | 780.2 |  |  | 942.0 |  |  | 204.4 |  |  | 1,661.6 |  |  | 246.5 |  |  | — |  |  | 3,834.7 |
Contingent purchase price payments to Mr. Calvin Klein | 1.0 |  |  | 0.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1.7 |
Currency translation | (0.9 | ) |  | (33.2 | ) |  | — |  |  | (131.8 | ) |  | — |  |  | — |  |  | (165.9 | )
Balance as of February 3, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | 780.3 |  |  | 909.5 |  |  | 204.4 |  |  | 1,529.8 |  |  | 246.5 |  |  | 11.9 |  |  | 3,682.4 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11.9 | ) |  | (11.9 | )
Goodwill, net | $ | 780.3 |  |  | $ | 909.5 |  |  | $ | 204.4 |  |  | $ | 1,529.8 |  |  | $ | 246.5 |  |  | $ | — |  |  | $ | 3,670.5 |
The Company was required to make contingent purchase price payments to Mr. Calvin Klein in connection with the Company’s acquisition of all of the issued and outstanding stock of Calvin Klein, Inc. and certain affiliated companies. Such payments were based on 1.15% of total worldwide net sales, as defined in the acquisition agreement (as amended), of products bearing any of the CALVIN KLEIN brands and were required to be made with respect to sales made through February 12, 2018. A significant portion of the sales on which the payments to Mr. Klein were made were wholesale sales by the Company and its licensees and other partners to retailers. All payments due to Mr. Klein under the agreement have been made. All payments are subject to audit, as per the terms of the acquisition agreement. The Company’s other intangible assets consisted of the following:
| 2018 |  | 2017
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 307.4 |  |  | $ | (186.1 | ) |  | $ | 121.3 |  |  | $ | 324.7 |  |  | $ | (169.4 | ) |  | $ | 155.3 |
Reacquired license rights | 523.8 |  |  | (154.4 | ) |  | 369.4 |  |  | 550.7 |  |  | (124.4 | ) |  | 426.3 |
Total intangible assets subject to amortization | 831.2 |  |  | (340.5 | ) |  | 490.7 |  |  | 875.4 |  |  | (293.8 | ) |  | 581.6 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Tradenames | 2,863.7 |  |  | — |  |  | 2,863.7 |  |  | 2,928.4 |  |  | — |  |  | 2,928.4 |
Perpetual license rights | 203.8 |  |  | — |  |  | 203.8 |  |  | 204.7 |  |  | — |  |  | 204.7 |
Reacquired perpetual license rights | 11.0 |  |  | — |  |  | 11.0 |  |  | 11.9 |  |  | — |  |  | 11.9 |
Total indefinite-lived intangible assets | 3,078.5 |  |  | — |  |  | 3,078.5 |  |  | 3,145.0 |  |  | — |  |  | 3,145.0 |
Total other intangible assets | $ | 3,909.7 |  |  | $ | (340.5 | ) |  | $ | 3,569.2 |  |  | $ | 4,020.4 |  |  | $ | (293.8 | ) |  | $ | 3,726.6 |
The gross carrying amount and accumulated amortization of certain intangible assets include the impact of changes in foreign currency exchange rates. Amortization expense related to the Company’s intangible assets subject to amortization was $62.8 million and $65.0 million for 2018 and 2017, respectively. Assuming constant foreign currency exchange rates and no change in the gross carrying amount of the intangible assets, amortization expense for the next five years related to the Company’s intangible assets subject to amortization as of February 3, 2019 is expected to be as follows:
(In millions) |  |
Fiscal Year |  | Amount
2019 |  | $ | 39.0 |
2020 |  | 39.0 |
2021 |  | 38.7 |
2022 |  | 36.5 |
2023 |  | 23.3 |

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