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Fair Value Measurements (Tables)
 9 Months Ended
Oct. 29, 2022
Fair Value Disclosures [Abstract]  
Summary of Non-Financial Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the non-financial assets the Company measured at fair value on a non-recurring basis for the nine months ended October 29, 2022, based on such fair value hierarchy. There were no losses on these non-financial assets taken in the nine months ended October 30, 2021.

 

 

 

Net Carrying Value of
Impaired Assets as of

 

 

Fair Value Measured and Recorded at Reporting Date Using:

 

 

Total Losses - Nine Months Ended

 

 

(in thousands)

 

October 29, 2022

 

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

October 29, 2022

 

 

Property and equipment

 

$

158

 

 

$

—

 

 

 

$

—

 

 

$

158

 

 

$

866

 

(1)

Tradename

 

 

2,630

 

 

 

—

 

 

 

 

 

—

 

 

 

2,630

 

 

 

1,700

 

(2)

(1) Recorded within Impairment of long-lived assets on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

(2) Recorded within Impairment of intangible assets on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). See Note 3 “Goodwill and Intangible Assets” for additional information. As of October 29, 2022, the carrying value of this tradename was classified within Assets Held for Sale on the Condensed Consolidated Balance Sheets.