GOODWILL AND INTANGIBLE ASSETS Goodwill and Intangible Assets (Tables)

6 Months Ended

Jan. 26, 2019

Goodwill and Intangible Assets [Abstract]

Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:



(in thousands)	Wholesale				Other			Total
Goodwill as of July 28, 2018	$	352,342		⁽¹⁾	$	10,153	⁽²⁾	$	362,495
Preliminary goodwill from current fiscal year business combinations	491,695				—			491,695
Impairment charge	(370,871		)		—			(370,871		)
Other adjustments	(1,952		)		—			(1,952		)
Change in foreign exchange rates	(272		)		—			(272		)
Goodwill as of January 26, 2019	$	470,942		⁽¹⁾	$	10,153	⁽²⁾	$	481,095


(1)	Amounts are net of accumulated goodwill impairment charges of $0.0 million and $370.9 million as of July 28, 2018 and January 26, 2019, respectively.


(2)	Amounts are net of accumulated goodwill impairment charges of $9.3 million as of both July 28, 2018 and January 26, 2019.

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:



	January 26, 2019						July 28, 2018
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	982,097	$	79,756	$	902,341	$	197,246	$	61,543	$	135,703
Non-compete agreements	13,900		2,805		11,095		2,900		1,914		986
Operating lease intangibles	23,658		594		23,064		—		—		—
Trademarks and tradenames	67,700		5,790		61,910		1,700		981		719
Total amortizing intangible assets	1,087,355		88,945		998,410		201,846		64,438		137,408
Indefinite lived intangible assets:
Trademarks and tradenames	55,812		—		55,812		55,801		—		55,801
Intangible assets, net	$	1,143,167	$	88,945	$	1,054,222	$	257,647	$	64,438	$	193,209

Estimated Future Amortization Expense

The estimated future amortization expense for each of the next five fiscal years and thereafter on definite lived intangible assets existing as of January 26, 2019 is shown below:



Fiscal Year:	(In thousands)
Remaining fiscal 2019	$	41,940
2020	79,953
2021	69,194
2022	65,225
2023	65,642
2024 and thereafter	676,456
	$	998,410