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INTANGIBLE ASSETS | 9 Months Ended
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Oct. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS On April 4, 2019, the Company acquired certain intellectual property and related assets (the “Gymboree Assets”) of Gymboree Group, Inc. and related entities, which included the worldwide rights to the names “Gymboree” and “Crazy 8” and other intellectual property, including trademarks, domain names, copyrights, and customer databases. These intangible assets, inclusive of acquisition costs, are recorded in the long-term assets section of the consolidated balance sheets. The Company’s intangible assets include both indefinite-lived and finite-lived assets. Intangible assets with indefinite lives consist primarily of trademarks and acquired trade names, which are tested for impairment annually or whenever circumstances indicate that a decline in value may have occurred. The Company estimates the fair value of these intangible assets based on an income approach using the relief-from-royalty method. The Company’s finite-lived intangible assets consist primarily of customer lists and other acquisition-related assets. Finite-lived intangible assets are amortized over their estimated useful economic lives and are reviewed for impairment when factors indicate that an impairment may have occurred. The Company recognizes an impairment charge when the estimated fair value of the intangible asset is less than its carrying value. The Company’s intangible assets were as follows:
|  |  |  | October 30, 2021
|  | Useful life |  | Gross amount |  | Accumulated amortization |  | Net amount
|  |  |  | (in thousands)
Gymboree tradename(1) |  | Indefinite |  | $ | 69,953 |  |  | $ | — |  |  | $ | 69,953 |
Crazy 8 tradename(1) |  | 5 years |  | 4,000 |  |  | (2,061) |  |  | 1,939 |
Customer databases(2) |  | 3 years |  | 3,000 |  |  | (2,578) |  |  | 422 |
Total intangibles, net |  |  |  | $ | 76,953 |  |  | $ | (4,639) |  |  | $ | 72,314 |
|  |  |  | January 30, 2021
|  | Useful life |  | Gross amount |  | Accumulated amortization |  | Net amount
|  |  |  | (in thousands)
Gymboree tradename(1) |  | Indefinite |  | $ | 69,953 |  |  | $ | — |  |  | $ | 69,953 |
Crazy 8 tradename(1) |  | 5 years |  | 4,000 |  |  | (1,461) |  |  | 2,539 |
Customer databases(2) |  | 3 years |  | 3,000 |  |  | (1,827) |  |  | 1,173 |
Total intangibles, net |  |  |  | $ | 76,953 |  |  | $ | (3,288) |  |  | $ | 73,665 |
|  |  |  | October 31, 2020
|  | Useful life |  | Gross amount |  | Accumulated amortization |  | Net amount
|  |  |  | (in thousands)
Gymboree tradename(1) |  | Indefinite |  | $ | 69,953 |  |  | $ | — |  |  | $ | 69,953 |
Crazy 8 tradename(1) |  | 5 years |  | 4,000 |  |  | (1,261) |  |  | 2,739 |
Customer databases(2) |  | 3 years |  | 3,000 |  |  | (1,577) |  |  | 1,423 |
Total intangibles, net |  |  |  | $ | 76,953 |  |  | $ | (2,838) |  |  | $ | 74,115 |
____________________________________________ (1)Included within Tradenames, net in the consolidated balance sheets. (2)Included within Other assets in the consolidated balance sheets.

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- Definition The entire disclosure for all or part of the information related to 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 + Details
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