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Goodwill and Intangible Assets, net | 12 Months Ended
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Feb. 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | 8. Goodwill and Intangible Assets, net Goodwill and definite-lived intangible assets, net consist of the following:
|  | Fiscal Years Ending |
|  | February 3, 2024 |  |  | January 28, 2023 |
(In thousands) |  | American Eagle |  |  | Aerie |  |  | Corporate and Other (3) |  |  | Total |  |  | American Eagle |  |  | Aerie |  |  | Corporate and Other (3) |  |  | Total |
Goodwill, beginning balance(1) |  | $ | 114,747 |  |  | $ | 110,600 |  |  | $ | 39,598 |  |  | $ | 264,945 |  |  | $ | 114,883 |  |  | $ | 110,600 |  |  | $ | 45,933 |  |  | $ | 271,416 |
Impairment(2) |  |  | — |  |  |  | — |  |  |  | (39,598 | ) |  |  | (39,598 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Purchase accounting adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,335 | ) |  |  | (6,335 | )
Foreign currency fluctuation |  |  | (44 | ) |  |  | — |  |  |  | — |  |  |  | (44 | ) |  |  | (136 | ) |  |  | — |  |  |  | — |  |  |  | (136 | )
Goodwill, ending balance |  | $ | 114,703 |  |  | $ | 110,600 |  |  | $ | - |  |  | $ | 225,303 |  |  | $ | 114,747 |  |  | $ | 110,600 |  |  | $ | 39,598 |  |  | $ | 264,945 |
(1) Beginning balances for both periods include accumulated impairment of $4.2 million. (2) Goodwill for the Quiet Platforms reporting unit was fully impaired during Fiscal 2023. Refer to Note 16 of the Consolidated Financial Statements for additional information. (3) Corporate and Other includes goodwill allocated to the Quiet Platforms reporting unit, which has been identified as a separate operating segment, but is not material to disclose as a separate reportable segment.
|  | Fiscal Years Ending |
(In thousands) |  | February 3, 2024 |  |  | January 28, 2023 |
Intangible assets, beginning balance, at cost |  | $ | 94,536 |  |  | $ | 102,701 |
Additions |  |  | 826 |  |  |  | 985 |
Impairment(1) |  |  | (40,533 | ) |  |  | — |
Amortization |  |  | (8,720 | ) |  |  | (9,150 | )
Intangible assets, net (2) |  | $ | 46,109 |  |  | $ | 94,536 |
(1) Impairment included $31.2 million of customer relationships and $9.3 million of trade names related to Quiet Platforms. Refer to Note 16 of the Consolidated Financial Statements for additional information (2) The ending balance includes accumulated amortization of $100.9 million and $51.7 million as of February 3, 2024 and January 28, 2023, respectively. Amortization expense is as follows:
|  | Fiscal Years Ending |
(In thousands) |  | February 3, 2024 |  |  | January 28, 2023 |  |  | January 29, 2022 |
Amortization expense |  | $ | 8,748 |  |  | $ | 9,162 |  |  | $ | 6,468 |
The table below summarizes the estimated future amortization expense for intangible assets existing as of February 3, 2024 for the next five fiscal years:
|  | Future |  |
(In thousands) |  | Amortization |  |
2024 |  | $ | 4,232 |  |
2025 |  | $ | 4,093 |  |
2026 |  | $ | 3,970 |  |
2027 |  | $ | 3,899 |  |
2028 |  | $ | 3,817 |  |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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