| Goodwill and Intangible Assets |
| | | Note 8 | Goodwill and Intangible Assets |
Goodwill and intangible assets were as follows: | | | | | | | | | | | ($ thousands) | April 29, 2017 |
| April 30, 2016 |
| January 28, 2017 |
| Intangible Assets | |
| |
| |
| Famous Footwear | $ | 2,800 |
| $ | 2,800 |
| $ | 2,800 |
| Brand Portfolio | 285,988 |
| 183,068 |
| 286,488 |
| Total intangible assets | 288,788 |
| 185,868 |
| 289,288 |
| Accumulated amortization | (73,661 | ) | (69,843 | ) | (72,628 | ) | Total intangible assets, net | 215,127 |
| 116,025 |
| 216,660 |
| Goodwill | |
| |
| |
| Brand Portfolio | 127,081 |
| 13,954 |
| 127,098 |
| Total goodwill | 127,081 |
| 13,954 |
| 127,098 |
| Goodwill and intangible assets, net | $ | 342,208 |
| $ | 129,979 |
| $ | 343,758 |
|
As further described in Note 3 to the condensed consolidated financial statements, the Company acquired Allen Edmonds on December 13, 2016. The allocation of the purchase price resulted in incremental intangible assets of $102.9 million, consisting of trademarks and customer relationships of $97.5 million and $5.4 million, respectively, and incremental goodwill of $113.1 million.
The Company's intangible assets as of April 29, 2017, April 30, 2016 and January 28, 2017 were as follows: | | | | | | | | | | | | | | | | | ($ thousands) | | | | April 29, 2017 | | | Estimated Useful Lives | | Original Cost |
| | Accumulated Amortization |
| | Net Carrying Value |
| Trademarks | | 15-40 years | | $ | 165,288 |
| | $ | 73,526 |
| | $ | 91,762 |
| Trademarks | | Indefinite | | 118,100 |
| (1 | ) | — |
| | 118,100 |
| Customer relationships | | 15 years | | 5,400 |
| (1 | ) | 135 |
| | 5,265 |
| | | | | $ | 288,788 |
| | $ | 73,661 |
| | $ | 215,127 |
|
| | | | | | | | | | | | | | | | | | | | April 30, 2016 | | | Estimated Useful Lives | | Original Cost |
| | Accumulated Amortization |
| | Net Carrying Value |
| Trademarks | | 15-40 years | | $ | 165,068 |
| | $ | 69,843 |
| | $ | 95,225 |
| Trademarks | | Indefinite | | 20,800 |
| | — |
| | 20,800 |
| | | | | $ | 185,868 |
| | $ | 69,843 |
| | $ | 116,025 |
|
| | | | | | | | | | | | | | | | | | | | | January 28, 2017 | | | Estimated Useful Lives | | Original Cost |
| | Accumulated Amortization |
| | Net Carrying Value |
| Trademarks | | 15-40 years | | $ | 165,288 |
| | $ | 72,604 |
| | $ | 92,684 |
| Trademarks | | Indefinite | | 117,900 |
| (1 | ) | — |
| | 117,900 |
| Customer relationships | | 15 years | | 6,100 |
| (1 | ) | 24 |
| | 6,076 |
| | | | | $ | 289,288 |
| | $ | 72,628 |
| | $ | 216,660 |
| (1) The Allen Edmonds trademark and customer relationships intangible assets were acquired in the Allen Edmonds acquisition, as further discussed in Note 3 to the condensed consolidated financial statements. Immaterial adjustments attributable to the purchase price allocation were recorded during the thirteen weeks ended April 29, 2017, resulting in an adjustment to the original cost. |
Amortization expense related to intangible assets was $1.0 million and $0.9 million for the thirteen weeks ended April 29, 2017 and April 30, 2016, respectively. |