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Intangible Assets | 3 Months Ended
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Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets Disclosure [Text Block] | 8. Intangible Assets Our intangible assets with indefinite lives consist of: goodwill related to the Shenandoah, Sunset West and BOBO Intriguing Objects acquisitions; and trademarks and tradenames related to the acquisitions of Bradington-Young, Home Meridian and BOBO Intriguing Objects. Our intangible assets with definite lives are recorded in our Home Meridian and Domestic Upholstery segments. Details of our intangible assets are as follows:
|  | April 28, 2024 |  |  | January 28, 2024 |
|  | Gross carrying amount |  |  | Accumulated Amortization |  |  | Gross carrying amount |  |  | Accumulated Amortization |
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Domestic Upholstery - Shenandoah * |  |  | 490 |  |  |  | - |  |  |  | 490 |  |  |  | - |
Domestic Upholstery - Sunset West |  |  | 14,462 |  |  |  | - |  |  |  | 14,462 |  |  |  | - |
All Other - BOBO Intriguing Objects |  |  | 84 |  |  |  | - |  |  |  | 84 |  |  |  | - |
Goodwill |  |  | 15,036 |  |  |  | - |  |  |  | 15,036 |  |  |  | - |
Trademarks and Trade names * |  |  | 8,011 |  |  |  | - |  |  |  | 8,011 |  |  |  | - |
Intangible assets with definite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Relations |  |  | 38,001 |  |  |  | (19,825 | ) |  |  | 38,001 |  |  |  | (18,982 | )
Trademarks and Trade names |  |  | 2,334 |  |  |  | (822 | ) |  |  | 2,334 |  |  |  | (741 | )
Intangible assets, net |  |  | 48,346 |  |  |  | (20,647 | ) |  |  | 48,346 |  |  |  | (19,723 | )
*: The amounts are net of impairment charges of $16.4 million related to Shenandoah goodwill and $4.8 million related to certain Home Meridian segment trade names, which were recorded in fiscal 2021. Amortization expenses for intangible assets with definite lives were $924,000 and $883,000 for the first quarters of fiscal 2025 and 2024, respectively. For the remainder of fiscal 2025, amortization expense is expected to be approximately $2.8 million.

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