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Goodwill and Intangible Assets | 3 Months Ended
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May 04, 2024
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 7 Goodwill and Intangible Assets Goodwill and intangible assets were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | May 4, 2024 |  | April 29, 2023 |  | February 3, 2024
Intangible Assets |  | ​ |  |  | ​ |  |  | ​ |
Famous Footwear | ​ | $ | 2,800 | ​ | $ | 2,800 | ​ | $ | 2,800
Brand Portfolio (1) | ​ |  | 342,083 | ​ |  | 342,083 | ​ |  | 342,083
Total intangible assets | ​ |  | 344,883 | ​ |  | 344,883 | ​ |  | 344,883
Accumulated amortization | ​ |  | (149,288) | ​ |  | (137,486) | ​ |  | (146,529)
Total intangible assets, net | ​ |  | 195,595 | ​ |  | 207,397 | ​ |  | 198,354
Goodwill | ​ |  |  | ​ |  |  | ​ |  |
Brand Portfolio (2) | ​ |  | 4,956 | ​ |  | 4,956 | ​ |  | 4,956
Total goodwill | ​ |  | 4,956 | ​ |  | 4,956 | ​ |  | 4,956
Goodwill and intangible assets, net | ​ | $ | 200,551 | ​ | $ | 212,353 | ​ | $ | 203,310
(1) | The carrying amount of intangible assets as of May 4, 2024, April 29, 2023 and February 3, 2024 is presented net of accumulated impairment charges of $106.2 million.
(2) | The carrying amount of goodwill as of May 4, 2024, April 29, 2023 and February 3, 2024 is presented net of accumulated impairment charges of $415.7 million.
​ The Company’s intangible assets as of May 4, 2024, April 29, 2023 and February 3, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | May 4, 2024
​ |  | Estimated Useful Lives |  | ​ | ​ |  | Accumulated |  | Accumulated |  | ​ | ​
​ | ​ | (In Years) | ​ | Cost Basis | ​ | Amortization | ​ | Impairment | ​ | Net Carrying Value
Trade names |  | 2 - 40 | ​ | $ | 299,488 | ​ | $ | 133,863 | ​ | $ | 10,200 | ​ | $ | 155,425
Trade names |  | Indefinite | ​ |  | 107,400 | ​ |  | — | ​ |  | 92,000 | ​ |  | 15,400
Customer relationships |  | 15 - 16 |  |  | 44,200 |  |  | 15,425 |  |  | 4,005 |  |  | 24,770
​ | ​ | ​ | ​ | $ | 451,088 | ​ | $ | 149,288 | ​ | $ | 106,205 | ​ | $ | 195,595
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 29, 2023
​ |  | Estimated Useful Lives |  | ​ | ​ |  | Accumulated |  | Accumulated |  | ​ | ​
​ | ​ | (In Years) | ​ | Cost Basis | ​ | Amortization | ​ | Impairment | ​ | Net Carrying Value
Trade names |  | 2 - 40 | ​ | $ | 299,488 | ​ | $ | 123,755 | ​ | $ | 10,200 | ​ | $ | 165,533
Trade names |  | Indefinite | ​ |  | 107,400 | ​ |  | — | ​ |  | 92,000 | ​ |  | 15,400
Customer relationships |  | 15 - 16 |  |  | 44,200 |  |  | 13,731 |  |  | 4,005 |  |  | 26,464
​ | ​ | ​ | ​ | $ | 451,088 | ​ | $ | 137,486 | ​ | $ | 106,205 | ​ | $ | 207,397
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
​ Amortization expense related to intangible assets was $2.8 million and $3.0 million for the thirteen weeks ended May 4, 2024 and April 29, 2023, respectively. The Company estimates that amortization expense related to intangible assets will be approximately $11.0 million in 2024, 2025, and 2026, $10.9 million in 2027 and $10.7 million in 2028. Goodwill is tested for impairment as of the first day of the fourth quarter of each fiscal year, or more frequently if events or circumstances indicate it might be impaired, using either the qualitative assessment or a quantitative fair value-based test. The Company recorded no goodwill impairment charges during the thirteen weeks ended May 4, 2024 or April 29, 2023. 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 recorded no impairment charges for indefinite-lived intangible assets during the thirteen weeks ended May 4, 2024 or April 29, 2023.

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