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Intangible Assets (Tables)

6 Months Ended

Nov. 01, 2020

Summary of Intangible Assets

A summary of intangible assets follows:

(dollars in thousands)		November 1, 2020				November 3, 2019					May 3, 2020
Tradenames		$	540			$	7,232				$	540
Customer relationships, net			2,087				2,388					2,238
Non-compete agreement, net			565				640					602
		$	3,192			$	10,260		(1)		$	3,380

(1)	As of November 3, 2019, intangible assets totaled $10.3 million, of which $3.7 million and $6.6 million were classified as (i) intangible assets and (ii) within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Customer Relationships [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

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

		Six months ended
(dollars in thousands)		November 1, 2020				November 3, 2019
Beginning balance		$	2,238			$	2,538
Amortization expense			(151	)			(150	)
Ending balance		$	2,087			$	2,388

Non-Compete Agreement [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

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

		Six months ended
(dollars in thousands)		November 1, 2020				November 3, 2019
Beginning balance		$	602			$	678
Amortization expense			(37	)			(38	)
Ending balance		$	565			$	640