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Goodwill and Intangible Assets

6 Months Ended

Aug. 02, 2025

Note 8 Goodwill and Intangible Assets

Goodwill and intangible assets were as follows:


($ thousands)	August 2, 2025		August 3, 2024		February 1, 2025
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		(163,083)		(152,047)		(157,565)
Total intangible assets, net		181,800		192,836		187,318
Goodwill
Brand Portfolio ⁽²⁾		4,956		4,956		4,956
Total goodwill		4,956		4,956		4,956
Goodwill and intangible assets, net	$	186,756	$	197,792	$	192,274

(1)	The carrying amount of intangible assets as of August 2, 2025, August 3, 2024 and February 1, 2025 is presented net of accumulated impairment charges of $106.2 million.

(2)	The carrying amount of goodwill as of August 2, 2025, August 3, 2024 and February 1, 2025 is presented net of accumulated impairment charges of $415.7 million.

The Company’s intangible assets as of August 2, 2025, August 3, 2024 and February 1, 2025 were as follows:


($ thousands)	August 2, 2025
	Estimated Useful Lives			Accumulated		Accumulated
	(In Years)	Cost Basis		Amortization		Impairment		Net Carrying Value
Trade names	2 - 40	$	299,488	$	144,798	$	10,200	$	144,490
Trade names	Indefinite		107,400		—		92,000		15,400
Customer relationships	15 - 16		44,200		18,285		4,005		21,910
		$	451,088	$	163,083	$	106,205	$	181,800

	August 3, 2024
	Estimated Useful Lives			Accumulated		Accumulated
	(In Years)	Cost Basis		Amortization		Impairment		Net Carrying Value
Trade names	2 - 40	$	299,488	$	136,050	$	10,200	$	153,238
Trade names	Indefinite		107,400		—		92,000		15,400
Customer relationships	15 - 16		44,200		15,997		4,005		24,198
		$	451,088	$	152,047	$	106,205	$	192,836

	February 1, 2025
	Estimated Useful Lives			Accumulated		Accumulated
	(In Years)	Cost Basis		Amortization		Impairment		Net Carrying Value
Trade names	2 - 40	$	299,488	$	140,424	$	10,200	$	148,864
Trade names	Indefinite		107,400		—		92,000		15,400
Customer relationships	15 - 16		44,200		17,141		4,005		23,054
		$	451,088	$	157,565	$	106,205	$	187,318

Amortization expense related to intangible assets was $2.8 million for both the thirteen weeks ended August 2, 2025 and August 3, 2024 and $5.5 million for both the twenty-six weeks ended August 2, 2025 and August 3, 2024. The Company estimates that amortization expense related to intangible assets will be approximately $11.0 million in 2025 and 2026, $10.9 million in 2027, and $10.7 million in 2028 and 2029.

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 twenty-six weeks ended August 2, 2025 or August 3, 2024.

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 twenty-six weeks ended August 2, 2025 or August 3, 2024.