XML 20 R8.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Apr. 29, 2023
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 2. Goodwill and Intangible Assets Net goodwill balances and changes therein by segment were as follows:
(in thousands) |  | Vince Wholesale |  |  | Vince Direct-to-consumer |  |  | Rebecca Taylor and Parker |  |  | Total Net Goodwill |
Balance as of January 28, 2023 |  | $ | 31,973 |  |  | $ | — |  |  | $ | — |  |  | $ | 31,973 |
Balance as of April 29, 2023 |  | $ | 31,973 |  |  | $ | — |  |  | $ | — |  |  | $ | 31,973 |
The total carrying amount of goodwill is net of accumulated impairments of $101,845. The following tables present a summary of identifiable intangible assets:
(in thousands) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Accumulated Impairments |  |  | Reclassification to Assets Held for Sale |  |  | Net Book Value |
Balance as of April 29, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships (1) |  | $ | 11,970 |  |  | $ | (9,113 | ) |  | $ | — |  |  | $ | (2,857 | ) |  | $ | — |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames (1) |  |  | 101,850 |  |  |  | — |  |  |  | (34,750 | ) |  |  | (67,100 | ) |  |  | — |
Total intangible assets (2) |  | $ | 113,820 |  |  | $ | (9,113 | ) |  | $ | (34,750 | ) |  | $ | (69,957 | ) |  | $ | — |
________ (1) On April 21, 2023, the Company entered into the Authentic Transaction with Authentic and as a result, the Vince tradename and Vince customer relationships were classified as held for sale. Amortization of the Vince customer relationships has ceased. The Vince tradename and Vince customer relationships held for sale assets are presented within the unallocated corporate non-reportable segment. (2) This table excludes the Parker tradename and customer relationships. On February 17, 2023, the Company's indirectly wholly owned subsidiary, Parker Lifestyle, LLC, completed the sale of its intellectual property and certain related ancillary assets to Parker IP Co. LLC, an affiliate of BCI Brands. See Note 1 "Description of Business and Basis of Presentation - (A) Description of Business" for further information.
(in thousands) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Accumulated Impairments |  |  | Reclassification to Assets Held for Sale |  |  | Net Book Value |
Balance as of January 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 31,355 |  |  | $ | (22,234 | ) |  | $ | (6,115 | ) |  | $ | — |  |  | $ | 3,006 |
Tradenames (3) |  |  | 13,100 |  |  |  | (313 | ) |  |  | (12,527 | ) |  |  | (260 | ) |  |  | — |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 101,850 |  |  |  | — |  |  |  | (34,750 | ) |  |  | — |  |  |  | 67,100 |
Total intangible assets |  | $ | 146,305 |  |  | $ | (22,547 | ) |  | $ | (53,392 | ) |  | $ | (260 | ) |  | $ | 70,106 |
________ (3) During the third quarter of fiscal 2022, the Parker tradename was classified as held for sale and amortization ceased. Amortization of identifiable intangible assets was $149 for the three months ended April 29, 2023, and $164 for the three months ended April 30, 2022.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration