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Goodwill and Intangible Assets

12 Months Ended

Apr. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill related to each reportable segment for the fiscal year ended April 30, 2022 were as follows:

			Live Events						Commercial						Transportation						International						Total
Balance as of May 1, 2021:			$	2,313					$	3,464					$	84					$	2,553					$	8,414
Foreign currency translation			(17)						(115)						(16)						(339)						(487)
Balance as of April 30, 2022:			$	2,296					$	3,349					$	68					$	2,214					$	7,927

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 2022, 2021, and 2020.

Intangible Assets

The following table summarizes intangible assets, net, as of April 30, 2022 and May 1, 2021:

			April 30, 2022
			Weighted Average Life (in years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Registered trademarks			20.0						$	639					$	233					$	406
Software			3.0						2,984						2,984						—
Customer relationships			10.0						2,853						1,787						1,066
Other			1.0						101						101						—
Total			7.6						$	6,577					$	5,105					$	1,472

			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			6.1						$	10,460					$	8,377					$	2,083

In the fiscal years 2022, 2021, and 2020, amortization expense was $504, $1,502, and $1,498, 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 April 30, 2022, amortization expenses for future periods were estimated to be as follows:

Fiscal years ending						Amount
2023						$	300
2024						300
2025						300
2026						266
2027						36
Thereafter						270
Total expected amortization expense						$	1,472

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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

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