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Intangible Assets (Tables)
9 Months Ended
Feb. 02, 2020
Summary of Intangible Assets

A summary of intangible assets follows:

 

(dollars in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

 

April 28,

2019

 

Tradenames

 

$

4,804

 

 

$

7,232

 

 

$

7,232

 

Customer relationships, net

 

 

2,313

 

 

 

2,613

 

 

 

2,538

 

Non-compete agreement, net

 

 

621

 

 

 

697

 

 

 

678

 

 

 

$

7,738

 

 

$

10,542

 

 

$

10,448

 

Summary of Change in Acquired Tradenames

A summary of change in the carrying amount of our tradenames follows:

 

 

 

Nine months ended

 

(dollars in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Beginning balance

 

$

7,232

 

 

$

683

 

Acquisition of business (note 3)

 

 

 

 

 

6,549

 

Impairment charge

 

 

(2,428

)

 

 

 

Ending balance

 

$

4,804

 

 

$

7,232

 

Customer Relationships [Member]  
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

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

 

 

 

Nine months ended

 

(dollars in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Beginning balance

 

$

2,538

 

 

$

2,839

 

Amortization expense

 

 

(225

)

 

 

(226

)

Ending balance

 

$

2,313

 

 

$

2,613

 

Non-Compete Agreement [Member]  
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

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

 

 

 

Nine months ended

 

(dollars in thousands)

 

February 2,

2020

 

 

January 27,

2019

 

Beginning balance

 

$

678

 

 

$

753

 

Amortization expense

 

 

(57

)

 

 

(56

)

Ending balance

 

$

621

 

 

$

697