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INTANGIBLE ASSETS
 3 Months Ended
May 04, 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 recorded an impairment charge on the Gymboree tradename 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 the First Quarter 2024.
The Company’s intangible assets were as follows:
May 4, 2024
Useful LifeGross AmountAccumulated AmortizationNet Amount
(in thousands)
Gymboree tradename (1)
Indefinite$41,000 $— $41,000 
Crazy 8 tradename (1)
5 years4,000 (4,000)— 
Total intangible assets$45,000 $(4,000)$41,000 
February 3, 2024
Useful LifeGross AmountAccumulated AmortizationNet Amount
(in thousands)
Gymboree tradename (1)
Indefinite$41,000 $— $41,000 
Crazy 8 tradename (1)
5 years4,000 (3,877)123 
Total intangible assets$45,000 $(3,877)$41,123 
April 29, 2023
Useful LifeGross AmountAccumulated AmortizationNet Amount
(in thousands)
Gymboree tradename (1)
Indefinite$69,953 $— $69,953 
Crazy 8 tradename (1)
5 years4,000 (3,262)738 
Total intangible assets$73,953 $(3,262)$70,691 
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(1)Included within Tradenames, net on the Consolidated Balance Sheets.