XML 29 R12.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Feb. 03, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS On April 4, 2019, the Company acquired certain intellectual property and related 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 performed its annual impairment assessment of the Gymboree tradename as of December 31, 2023 and recorded an impairment charge of $29.0 million in Fiscal 2023, which reduced the carrying value to its fair value of $41.0 million. There were no impairment charges recorded in Fiscal 2022 or Fiscal 2021. The Company’s intangible assets were as follows:
|  |  |  | February 3, 2024
|  | Useful Life |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
|  |  |  | (in thousands)
Gymboree tradename (1) |  | Indefinite |  | $ | 41,000 |  |  | $ | — |  |  | $ | 41,000 |
Crazy 8 tradename (1) |  | 5 years |  | 4,000 |  |  | (3,877) |  |  | 123 |
Total intangible assets |  |  |  | $ | 45,000 |  |  | $ | (3,877) |  |  | $ | 41,123 |
|  |  |  | January 28, 2023
|  | 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 |  |  | (3,062) |  |  | 938 |
Customer databases (2) |  | 3 years |  | 3,000 |  |  | (3,000) |  |  | — |
Total intangible assets |  |  |  | $ | 76,953 |  |  | $ | (6,062) |  |  | $ | 70,891 |
____________________________________________ (1)Included within Tradenames, net on the Consolidated Balance Sheets. (2)Included within Other assets on the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration