Net goodwill balances and changes therein by segment were as follows:


(in thousands)	Vince Wholesale			Vince Direct-to-consumer		Total Net Goodwill
Balance as of February 3, 2024	$	31,973		$	—	$	31,973
Impairment charges		(31,973	)		—		(31,973	)
Balance as of February 1, 2025	$	—		$	—	$	—

The total carrying amount of goodwill was net of accumulated impairments of $133,818 as $101,845 as of February 1, 2025 and February 3, 2024, respectively.

In fiscal 2024, the Company performed its annual impairment test during the fourth quarter. Concurrent with the performance of the annual impairment test, the P180 Acquisition was consummated. As the P180 Acquisition represented a change of control transaction with an unrelated third party, the fair value of the Company’s Vince Wholesale reporting unit was estimated based on the transaction price of the P180 Acquisition. The estimated fair value of the Company implied by the P180 Acquisition was allocated to the Company’s reporting units, Vince Wholesale and Vince Direct-to-consumer, using a market-based approach, considering the relative contributions of each reporting unit to the Company as well as appropriate valuation multiples for each reporting unit relative to the implied P180 Acquisition multiple. The results of the quantitative test determined that the fair value of the Vince Wholesale reporting unit was below its carrying value by an amount greater than its total goodwill balance and as a result, the Company recorded a goodwill impairment charge of $31,973 to write-off the goodwill for the Vince Wholesale reporting unit. The charge was recorded within Impairment of goodwill on the Consolidated Statements of Operations and Comprehensive Income (Loss) during the fourth quarter of fiscal 2024.

There were no impairments recorded as a result of the Company's annual goodwill impairment test performed during fiscal 2023.

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 and amortization of the Vince customer relationships ceased. The Company closed the Asset Sale on May 25, 2023. See Note 2 "Recent Transactions" for further information.

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 2 "Recent Transactions" for further information.

Amortization of identifiable intangible assets was $0 and $149 for fiscal 2024 and fiscal 2023, respectively, which is included in SG&A expenses on the Consolidated Statements of Operations and Comprehensive Income (Loss).