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Note 6 - Goodwill

9 Months Ended

Jan. 30, 2021

Note 6. Goodwill

The changes in the carrying amount of goodwill related to each reportable segment for the nine months ended January 30, 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		30		205		29		255		519
Balance as of January 30, 2021	$	2,296	$	3,349	$	67	$	2,550	$	8,262

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 2, 2020 and concluded no goodwill impairment existed.

In March 2020, we began to see impacts from the COVID-19 pandemic that could have a negative impact on our forecasted revenue and profitability and stock price. The COVID-19 pandemic continues to cause uncertainty, so during the third quarter of fiscal 2021, we considered if any new events had occurred or if circumstances had changed since our annual impairment such that it was more likely than not that the fair value of any of our reporting units was below its carrying amount. While order volume was low during the quarter, the results did not impact our long-term outlook, and we did not identify any further impairment indicators; therefore, we did not conduct further impairment analysis.