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Definite Lived Intangible Asset
12 Months Ended
Jan. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Definite Lived Intangible Assets

(7) Definite Lived Intangible Asset

Intangible assets increased as a result of the non-compete agreement associated with the acquisition of certain assets and assumed liabilities of Wholesale Sports Outdoor Outfitters (“Wholesale Sports”) in March 2013. The following table summarizes the definite lived intangible assets:

 

 

 

January 30, 2016

 

 

 

Amortization period

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-compete agreement

 

5 years

 

$

9,063

 

 

 

(5,140

)

 

 

3,923

 

Total

 

 

 

$

9,063

 

 

 

(5,140

)

 

 

3,923

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2015

 

 

 

Amortization period

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-compete agreement

 

5 years

 

$

9,063

 

 

 

(3,334

)

 

 

5,729

 

Total

 

 

 

$

9,063

 

 

 

(3,334

)

 

 

5,729

 

 

Amortization expense for definite lived intangible asset was $1,806 for the fiscal year ended January 30, 2016. Amortization expense for the next three years is $1,806 in fiscal year 2016, $1,806 in fiscal year 2017 and $311 in fiscal year 2018.