(dollars in thousands)	May 3, 2020		April 28, 2019
Tradenames	$	540	$	7,232
Customer relationships, net		2,238		2,538
Non-compete agreement, net		602		678
	$	3,380	$	10,448	(1)

(1)	At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

(dollars in thousands)	2020			2019		2018
beginning balance	$	7,232			683		683
acquisition of assets (note 3)		—			6,549		—
loss on impairment - continuing operations		(143	)
loss on impairment - discontinued operations (note 3)		(6,549	)		—		—
ending balance	$	540			7,232		683

Our tradenames were recorded at their fair market values at the effective date of their acquisitions (see Notes 2 and 3 of the consolidated financial statements for further details) and were based on the relief from royalty method. As of the respective acquisition dates, our tradenames were determined to have an indefinite useful life and therefore, were not being amortized.

As of April 28, 2019, the tradename associated with our continuing operations totaled $683,000 and was associated with Read, a separate reporting unit within the upholstery fabrics segment.

In accordance with ASC Topic 350 Intangibles – Goodwill and Other, we are required to assess our tradenames for impairment annually or between annual tests if we believe indicators of impairment exist. Accordingly, we performed our annual assessment of Read’s tradename as of May 3, 2020. First, we performed a qualitative assessment in which we concluded that it was more-likely-than-not that the fair value of Read’s tradename was less than its carrying amount. This conclusion was based on impairment indicators that existed, such as our unfavorable financial performance and the significant decline in the price per share of our common stock and market capitalization stemming from the COVID-19 global pandemic. Since we determined it was more-likely-than-not that the fair value of Read’s tradename was less than its carrying amount, we performed a quantitative impairment test. Our quantitative impairment test involved determining the fair value of Read’s tradename utilizing the relief from royalty method and comparing the respective fair value of Read’s tradename with its carrying amount. Consequently, based on our quantitative impairment test, we recorded an asset impairment charge totaling $143,000 in the fiscal 2020 Consolidated Statement of Net Loss.

As of April 28, 2019, the tradename associated with our discontinued operation totaled $6.6 million. During the fiscal 2020, we recorded asset impairment charges totaling $6.6 million, of which $2.4 million and $4.2 million, were recorded in the 3^rd and 4^th quarters, respectively.

As of February 2, 2020 (the end of our third quarter), we believed indicators of impairment existed that pertained to the future outlook of our former home accessories segment and its slower than expected business improvement, as well as economic conditions that existed within the e-commerce bedding space. Since we determined it was more-likely-than-not that the fair value of the tradename associated with our former home accessories segment was less than its carrying amount, we performed a quantitative impairment test. Our quantitative impairment test involved determining the fair value of the tradename associated with our former home accessories segment utilizing a relief from royalty method and comparing the respective fair value with its carrying amount. Consequently, based on our quantitative impairment test, we recorded an asset impairment charge totaling $2.4 million that is presented within the discontinued operation section of our fiscal 2020 Consolidated Statement of Net Loss.

During the fourth quarter of fiscal 2020, management made a strategic decision to sell our entire ownership percentage in eLuxury to focus on our core products of mattress and upholstery fabrics, which we believe will increase our liquidity and assist with our comprehensive response to the COVID-19 global pandemic. As a result, we recorded an additional asset impairment charge of $4.2 million based on the expected selling price of our entire ownership in eLuxury in comparison to its carrying amount. As disclosed in Note 3 located in the notes to the consolidated financial statements, effective March 31, 2020, we sold our entire ownership interest in eLuxury to its noncontrolling interest holder resulting in the elimination of the home accessories segment at such time. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets associated with the sale of our entire ownership interest in eLuxury. The $4.2 million asset impairment charge recorded during the fourth quarter is presented within the discontinued operation section of our fiscal 2020 Consolidated Statement of Net Loss.

A summary of the change in the carrying amount of our customer relationships follows:

(dollars in thousands)	2020			2019			2018
beginning balance	$	2,538			2,839			664
acquisition of assets (note 2)		—			—			2,247
amortization expense		(300	)		(301	)		(72	)
loss on impairment		—			—			—
ending balance	$	2,238			2,538			2,839

In connection with our asset purchase agreement with Read (see note 2 of the consolidated financial statements) on April 1, 2018, we purchased certain customer relationships. We recorded these customer relationships at fair market value totaling $2.2 million based on a multi-period excess earnings valuation model. These customer relationships will be amortized on a straight-line basis over their nine-year useful life.

Also, at May 3, 2020, we had customer relationships from a prior acquisition associated with our mattress fabrics segment with a carrying amount totaling $510,000. These customer relationships are being amortized on a straight-line basis over their seventeen-year useful life.

The gross carrying amount of our customer relationships was $3.1 million at May 3, 2020 and April 28, 2019. Accumulated amortization for these customer relationships was $877,000 and $577,000 at May 3, 2020 and April 28, 2019, respectively.

The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2021 - $301,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; FY 2025 - $301,000; and Thereafter - $733,000.

The weighted average amortization period for our customer relationships is 7.6 years as of May 3, 2020.

A summary of the change in the carrying amount of our non-compete agreement follows:

(dollars in thousands)	2020			2019			2018
beginning balance	$	678			753			828
amortization expense		(76	)		(75	)		(75	)
loss on impairment		—			—			—
ending balance	$	602			678			753

We have a non-compete agreement from a prior acquisition associated with our mattress fabrics segment that is being amortized on a straight-line basis over its fifteen-year useful life.

The gross carrying amount of this non-compete agreement was $2.0 million at May 3, 2020 and April 28, 2019. Accumulated amortization for this non-compete agreement was $1.4 million and $1.4 million at May 3, 2020 and April 28, 2019, respectively.

The remaining amortization expense for the next five years and thereafter follows: FY 2021 - $75,000; FY 2022 - $75,000; FY 2023 - $75,000; FY 2024 - $75,000; FY 2025 - $75,000, and Thereafter - $227,000.

The weighted average amortization period for the non-compete agreement is 8.0 years as of May 3, 2020.