| Goodwill and Intangible Assets |
Note 8 Goodwill and Intangible Assets Goodwill and intangible assets were as follows: | | | | | | | | | | ($ thousands) | | April 30, 2022 | | May 1, 2021 | | January 29, 2022 | Intangible Assets | | | | | | | | | | Famous Footwear | | $ | 2,800 | | $ | 2,800 | | $ | 2,800 | Brand Portfolio | | | 342,083 | | | 342,083 | | | 342,083 | Total intangible assets | | | 344,883 | | | 344,883 | | | 344,883 | Accumulated amortization | | | (125,364) | | | (112,915) | | | (122,336) | Total intangible assets, net | | | 219,519 | | | 231,968 | | | 222,547 | Goodwill | | | | | | | | | | Brand Portfolio (1) | | | 4,956 | | | 4,956 | | | 4,956 | Total goodwill | | | 4,956 | | | 4,956 | | | 4,956 | Goodwill and intangible assets, net | | $ | 224,475 | | $ | 236,924 | | $ | 227,503 |
| (1) | The carrying amount of goodwill as of April 30, 2022, May 1, 2021 and January 29, 2022 is presented net of accumulated impairment charges of $415.7 million. |
The Company’s intangible assets as of April 30, 2022, May 1, 2021 and January 29, 2022 were as follows: | | | | | | | | | | | | | | | ($ thousands) | | April 30, 2022 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 299,488 | | $ | 114,528 | | $ | 10,200 | | $ | 174,760 | Trade names | | Indefinite | | | 107,400 | | | — | | | 92,000 | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | 10,836 | | | 4,005 | | | 29,359 | | | | | $ | 451,088 | | $ | 125,364 | | $ | 106,205 | | $ | 219,519 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | May 1, 2021 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 299,488 | | $ | 104,459 | | $ | 10,200 | | $ | 184,829 | Trade names | | Indefinite | | | 107,400 | | | — | | | 92,000 | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | 8,456 | | | 4,005 | | | 31,739 | | | | | $ | 451,088 | | $ | 112,915 | | $ | 106,205 | | $ | 231,968 | | | | | | | | | | | | | | | | | | January 29, 2022 | | | Estimated Useful Lives | | | | | Accumulated | | Accumulated | | | | | | (In Years) | | Cost Basis | | Amortization | | Impairment | | Net Carrying Value | Trade names | | 2 - 40 | | $ | 299,488 | | $ | 112,061 | | $ | 10,200 | | $ | 177,227 | Trade names | | Indefinite | | | 107,400 | | | — | | | 92,000 | | | 15,400 | Customer relationships | | 15 - 16 | | | 44,200 | | | 10,275 | | | 4,005 | | | 29,920 | | | | | $ | 451,088 | | $ | 122,336 | | $ | 106,205 | | $ | 222,547 |
Amortization expense related to intangible assets was $3.0 million and $3.1 million for the thirteen weeks ended April 30, 2022 and May 1, 2021, respectively. The Company estimates that amortization expense related to intangible assets will be approximately $12.1 million in 2022, $11.9 million in 2023 and $11.0 million in each of the fiscal years 2024, 2025 and 2026. Goodwill is tested for impairment at least annually, or more frequently if events or circumstances indicate it might be impaired, using either the qualitative assessment or a quantitative fair value-based test. The Company recorded no goodwill impairment charges during the thirteen weeks ended April 30, 2022 or May 1, 2021. Indefinite-lived intangible assets are tested for impairment as of the first day of the fourth quarter of each fiscal year unless events or circumstances indicate an interim test is required. The Company recorded no impairment charges for indefinite-lived intangible assets during the thirteen weeks ended April 30, 2022 or May 1, 2021.
|