(in thousands)

Vince Wholesale

Vince

Direct-to-consumer

Rebecca Taylor and Parker

Total Net Goodwill

Balance as of January 30, 2021

31,973

—

31,973

Balance as of July 31, 2021

31,973

—

31,973

The total carrying amount of goodwill is net of accumulated impairments of $101,845.

During the first quarter of fiscal 2020, the Company determined that a triggering event had occurred as a result of changes to the Company’s long-term projections driven by the impacts of COVID-19. The Company performed an interim quantitative impairment assessment of goodwill and intangible assets.

The Company determined the fair value of the Vince wholesale reportable segment using a combination of discounted cash flows and market comparisons. “Step one” of the assessment determined that the fair value was below the carrying amount by $9,462, and as a result the Company recorded a goodwill impairment charge of $9,462 within Impairment of goodwill and intangible assets on the condensed consolidated statements of operations and comprehensive income (loss) for the six months ended August 1, 2020. There were no impairment charges for the three and six months ended July 31, 2021.

(in thousands)	Gross Amount		Accumulated Amortization			Accumulated Impairments			Net Book Value
Balance as of July 31, 2021
Amortizable intangible assets:
Customer relationships	$	31,355	$	(21,336	)	$	(6,115	)	$	3,904
Tradenames		13,100		(114	)		(12,527	)		459
Indefinite-lived intangible assets:
Tradenames		110,986		—			(39,186	)		71,800
Total intangible assets	$	155,441	$	(21,450	)	$	(57,828	)	$	76,163

(in thousands)	Gross Amount		Accumulated Amortization			Accumulated Impairments			Net Book Value
Balance as of January 30, 2021
Amortizable intangible assets:
Customer relationships	$	31,355	$	(21,036	)	$	(6,115	)	$	4,204
Tradenames		13,100		(86	)		(12,527	)		487
Indefinite-lived intangible assets:
Tradenames		110,986		—			(39,186	)		71,800
Total intangible assets	$	155,441	$	(21,122	)	$	(57,828	)	$	76,491

During the first quarter of fiscal 2020, the Company estimated the fair value of the Vince and Rebecca Taylor tradename indefinite-lived intangible assets using a discounted cash flow valuation analysis, which is based on the relief from royalty method and determined that the fair value of the Vince and Rebecca Taylor tradenames were below their carrying amounts. Accordingly, the Company recorded an impairment charge for the Vince and Rebecca Taylor tradename indefinite-lived intangible assets of $4,386, which was recorded within Impairment of goodwill and intangible assets on the condensed consolidated statements of operations and comprehensive income (loss) for the six months ended August 1, 2020. There were no such impairment charges for the three and six months ended July 31, 2021.

Amortization of identifiable intangible assets was $164 and $328 for the three and six months ended July 31, 2021, respectively, and $163 and $328 for the three and six months ended August 1, 2020, respectively. The estimated amortization expense for identifiable intangible assets is $655 for each fiscal year for the next five fiscal years.