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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Feb. 03, 2024
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 10. GOODWILL AND INTANGIBLE ASSETS ​ Goodwill and intangible assets were as follows: ​
​ | ​ | ​ | ​ | ​ | ​
($ thousands) | February 3, 2024 |  | January 28, 2023
Intangible Assets | ​ |  |  | ​ |
Famous Footwear | $ | 2,800 | ​ | $ | 2,800
Brand Portfolio (1) |  | 342,083 | ​ |  | 342,083
Total intangible assets |  | 344,883 | ​ |  | 344,883
Accumulated amortization |  | (146,529) | ​ |  | (134,447)
Total intangible assets, net |  | 198,354 | ​ |  | 210,436
Goodwill |  |  | ​ |  |
Brand Portfolio (2) |  | 4,956 | ​ |  | 4,956
Total goodwill |  | 4,956 | ​ |  | 4,956
Goodwill and intangible assets, net | $ | 203,310 | ​ | $ | 215,392
| (1) | The carrying amount of intangible assets as of February 3, 2024 and January 28, 2023 is presented net of accumulated impairment charges of $106.2 million.
| (2) | The carrying amount of goodwill as of February 3, 2024 and January 28, 2023 is presented net of accumulated impairment charges of $415.7 million.
​ The Company’s intangible assets as of February 3, 2024 and January 28, 2023 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | February 3, 2024
​ |  | Estimated Useful Lives |  | ​ | ​ |  | Accumulated |  | Accumulated |  | ​ | ​
​ | ​ | (In Years) | ​ | Cost Basis | ​ | Amortization | ​ | Impairment | ​ | Net Carrying Value
Trade names |  | 2 - 40 | ​ | $ | 299,488 | ​ | $ | 131,677 | ​ | $ | 10,200 | ​ | $ | 157,611
Trade names |  | Indefinite | ​ |  | 107,400 | ​ |  | — | ​ |  | 92,000 | ​ |  | 15,400
Customer relationships |  | 15 - 16 |  |  | 44,200 |  |  | 14,852 |  |  | 4,005 |  |  | 25,343
​ | ​ | ​ | ​ | $ | 451,088 | ​ | $ | 146,529 | ​ | $ | 106,205 | ​ | $ | 198,354
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 28, 2023
​ | ​ | Estimated Useful Lives | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | (In Years) |  | Cost Basis |  | Amortization |  | Impairment |  | Net Carrying Value
Trade names | ​ | 2 - 40 | ​ | $ | 299,488 | ​ | $ | 121,928 | ​ | $ | 10,200 | ​ | $ | 167,360
Trade names |  | Indefinite |  | ​ | 107,400 | ​ |  | — | ​ |  | 92,000 | ​ |  | 15,400
Customer relationships |  | 15 - 16 |  | ​ | 44,200 |  |  | 12,519 |  |  | 4,005 |  |  | 27,676
​ | ​ | ​ | ​ | $ | 451,088 | ​ | $ | 134,447 | ​ | $ | 106,205 | ​ | $ | 210,436
​ Amortization expense related to intangible assets was $12.1 million in both 2023 and 2022, and $12.6 million in 2021. The Company estimates $11.0 million of amortization expense related to intangible assets in 2024, 2025, and 2026, $10.9 million in 2027 and $10.7 million in 2028. Goodwill is tested for impairment at least annually, or more frequently if events or circumstances indicate it might be impaired, using either the qualitative assessment or a quantitative fair value-based test. During 2023 and 2022, the goodwill impairment testing was performed as of the first day of the fourth fiscal quarter, which resulted in no impairment charges. Indefinite-lived intangible assets are tested for impairment as of the first day of the fourth quarter of each fiscal year unless events or circumstances indicate an interim test is required. The Company did not record any impairment charges for intangible assets during 2023 or 2022.

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