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Definite Lived Intangible Asset
12 Months Ended
Feb. 03, 2018
Definite Lived Intangible Asset  
Definite Lived Intangible Assets

(5) Definite Lived Intangible Asset 

 

The following table summarizes the definite lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 3, 2018

 

 

    

Amortization period

    

Gross carrying amount

    

Accumulated amortization

    

Net carrying amount

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

Non-compete agreement

 

5 years

 

$

9,063

 

(8,787)

 

276

 

Total

 

 

 

$

9,063

 

(8,787)

 

276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 28, 2017

 

 

    

Amortization period

    

Gross carrying amount

    

Accumulated amortization

    

Net carrying amount

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

Non-compete agreement

 

5 years

 

$

9,063

 

(6,945)

 

2,118

 

Total

 

 

 

$

9,063

 

(6,945)

 

2,118

 

 

Amortization expense for definite lived intangible asset was $1,842,  $1,805, and $1,806 for the fiscal years ended February 3, 2018, January 28, 2017 and January 30, 2016. Amortization expense for the next year is $276 in fiscal year 2018.