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Goodwill
 9 Months Ended
Feb. 02, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

8. Goodwill

A summary of the change in the carrying amount of goodwill follows:

 

 

 

Nine months ended

 

(dollars in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Beginning balance

 

$

27,222

 

 

$

13,569

 

Acquisition of business (see note 3)

 

 

—

 

 

 

13,653

 

Impairment charge

 

 

(11,211

)

 

 

—

 

Ending balance

 

$

16,011

 

 

$

27,222

 

 

In accordance with ASC Topic 350 Intangibles – Goodwill and Other, we assess goodwill for impairment annually or between annual test if we believe indicators of impairment exist.  As of February 2, 2020, management determined that impairment indicators existed that pertained to the future outlook of our home accessories segment and its slower than expected business improvement, as well as current economic conditions within the e-commerce bedding space. As a result of the interim impairment assessment, we recorded an impairment charge of $11.2 million in Asset Impairments in the consolidated statements of net (loss) income for the three-month and nine-month periods ended February 2, 2020. There were no impairment charges for the three-month or nine-month periods ended January 27, 2019.