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Goodwill | 3 Months Ended
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Aug. 01, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Note 7. Goodwill The changes in the carrying amount of goodwill related to each reportable segment for the three months ended August 1, 2020 were as follows:
| Live Events |  | Commercial |  | Transportation |  | International |  | Total
Balance as of May 2, 2020 | $ | 2,266 |  |  | $ | 3,144 |  |  | $ | 38 |  |  | $ | 2,295 |  |  | $ | 7,743 |
Foreign currency translation | 13 |  |  | 91 |  |  | 13 |  |  | 188 |  |  | 305 |
Balance as of August 1, 2020 | $ | 2,279 |  |  | $ | 3,235 |  |  | $ | 51 |  |  | $ | 2,483 |  |  | $ | 8,048 |
We perform an analysis of goodwill on an annual basis, and it is tested for impairment more frequently if events or changes in circumstances indicate that an asset might be impaired. Our annual analysis is performed during our third quarter of each fiscal year, based on the goodwill amount as of the first business day of our third fiscal quarter. We performed our annual impairment test on November 4, 2019 and concluded no goodwill impairment existed. We plan to complete our annual analysis as of the first business day of our third quarter of fiscal 2021, which will begin on November 2, 2020. In March 2020, we began to see the impacts from the COVID-19 pandemic that could have a negative impact on our forecasted revenue and profitability and stock price declines. This, along with other market conditions, led us to perform an interim goodwill impairment analysis in the fourth quarter of fiscal 2020. After evaluating our results, events and circumstances, we determined no goodwill impairment was necessary. Although the COVID-19 pandemic continues to cause uncertainty, in the first quarter of fiscal 2021, we considered if any new events had occurred or if circumstances had changed such that it was more likely than not that the fair value of any of our reporting units was below its carrying amount, and we did not identify any further impairment indicators; therefore, we did not perform an additional interim impairment analysis.

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