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Note 4 - Goodwill and Intangible Assets | 12 Months Ended
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May 01, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 4. Goodwill and Intangible Assets We account for goodwill and intangible assets in accordance with ASC 350, Goodwill and Other. Goodwill The changes in the carrying amount of goodwill related to each reportable segment for the fiscal year ended May 1, 2021 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 |  |  | 47 |  |  |  | 320 |  |  |  | 46 |  |  |  | 258 |  |  |  | 671 |
Balance as of May 1, 2021: |  | $ | 2,313 |  |  | $ | 3,464 |  |  | $ | 84 |  |  | $ | 2,553 |  |  | $ | 8,414 |
We perform an analysis of goodwill on an annual basis and test 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 and concluded no goodwill impairment existed for fiscal years 2021, 2020, and 2019. Intangible Assets The following table summarizes intangible assets, net, as of May 1, 2021 and May 2, 2020:
|  | May 1, 2021 |
|  | Weighted Average Life (in years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Registered trademarks |  | 19.4 |  |  | $ | 738 |  |  | $ | 246 |  |  | $ | 492 |
Software |  |  | 3.0 |  |  |  | 6,606 |  |  |  | 6,412 |  |  |  | 194 |
Customer relationships |  |  | 10.0 |  |  |  | 2,984 |  |  |  | 1,588 |  |  |  | 1,396 |
Other |  |  | 1.5 |  |  |  | 132 |  |  |  | 131 |  |  |  | 1 |
Total amortized intangible assets |  |  | 6.1 |  |  | $ | 10,460 |  |  | $ | 8,377 |  |  | $ | 2,083 |
|  | May 2, 2020 |
|  | Weighted Average Life (in years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Registered trademarks |  | 19.4 |  |  | $ | 663 |  |  | $ | 183 |  |  | $ | 480 |
Software |  |  | 3.0 |  |  |  | 6,247 |  |  |  | 4,890 |  |  |  | 1,357 |
Customer relationships |  |  | 10.0 |  |  |  | 2,641 |  |  |  | 1,135 |  |  |  | 1,506 |
Other |  |  | 1.5 |  |  |  | 120 |  |  |  | 109 |  |  |  | 11 |
Total amortized intangible assets |  |  | 6.0 |  |  | $ | 9,671 |  |  | $ | 6,317 |  |  | $ | 3,354 |
In the fiscal years 2021, 2020, and 2019, amortization expense was $1,502, $1,498, and $2,157, respectively. Amortization expenses are included primarily in product design and development and selling expense in the consolidated statements of operations. Intangible assets are written off when fully amortized. As of May 1, 2021, amortization expenses for future periods were estimated to be as follows:
Fiscal years ending |  | Amount |
2022 |  | $ | 512 |
2023 |  |  | 316 |
2024 |  |  | 316 |
2025 |  |  | 316 |
2026 |  |  | 281 |
Thereafter |  |  | 342 |
Total expected amortization expense |  | $ | 2,083 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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