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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Apr. 29, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Net Goodwill Balances

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

 
Summary of Identifiable Intangible Assets

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.