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Intangible Assets | 3 Months Ended
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Aug. 04, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 7. Intangible Assets A summary of intangible assets follows:
(dollars in thousands) |  | August 4, 2019 |  |  | July 29, 2018 |  |  | April 28, 2019 |
Tradenames |  | $ | 7,232 |  |  | $ | 7,232 |  |  | $ | 7,232 |
Customer relationships, net |  |  | 2,463 |  |  |  | 2,764 |  |  |  | 2,538 |
Non-compete agreement, net |  |  | 659 |  |  |  | 734 |  |  |  | 678 |
|  | $ | 10,354 |  |  | $ | 10,730 |  |  | $ | 10,448 |
Tradenames A summary of the carrying amount of our tradenames follows:
|  | Three months ended |
(dollars in thousands) |  | August 4, 2019 |  |  | July 29, 2018 |
Beginning balance |  | $ | 7,232 |  |  | $ | 683 |
Acquisition of business (note 3) |  |  | — |  |  |  | 6,549 |
Ending balance |  | $ | 7,232 |  |  | $ | 7,232 |
Our tradenames were determined to have an indefinite useful life and therefore, are not being amortized. However, our tradenames will be assessed annually for impairment. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows:
|  | Three months ended |
(dollars in thousands) |  | August 4, 2019 |  |  | July 29, 2018 |
Beginning balance |  | $ | 2,538 |  |  | $ | 2,839 |
Amortization expense |  |  | (75 | ) |  |  | (75 | )
Ending balance |  | $ | 2,463 |  |  | $ | 2,764 |
Our customer relationships are amortized on a straight-line basis over useful lives ranging from nine to seventeen years. The gross carrying amount of our customer relationships were $3.1 million at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Accumulated amortization for these customer relationships were $652,000, $351,000 and $577,000 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2020 - $226,000; FY 2021 - $301,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; and Thereafter - $1,033,000. The weighted average amortization period for our customer relationships is 8.4 years as of August 4, 2019. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows:
|  | Three months ended |
(dollars in thousands) |  | August 4, 2019 |  |  | July 29, 2018 |
Beginning balance |  | $ | 678 |  |  | $ | 753 |
Amortization expense |  |  | (19 | ) |  |  | (19 | )
Ending balance |  | $ | 659 |  |  | $ | 734 |
Our non-compete agreement is amortized on a straight-line basis over the fifteen-year life of the agreement. The gross carrying amount of our non-compete agreement was $2.0 million at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Accumulated amortization for our non-compete agreement was $1.4 million at August 4, 2019, $1.3 million at July 29, 2018, and $1.4 million at April 28, 2019. The remaining amortization expense for the next five years and thereafter follows: FY 2020 - $57,000; FY 2021 - $75,000; FY 2022 - $75,000; FY 2023 - $75,000; FY 2024 - $75,000, and Thereafter - $302,000. The weighted average amortization period for the non-compete agreement is 8.8 years as of August 4, 2019.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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