GOODWILL AND INTANGIBLE ASSETS Goodwill and Intangible Assets (Tables)

9 Months Ended

Apr. 27, 2019

Goodwill and Intangible Assets [Abstract]

Changes in the carrying value of Goodwill by reportable segment that have goodwill consisted of the following:



(in thousands)	Wholesale				Other			Total
Goodwill as of July 28, 2018	$	352,342		⁽¹⁾	$	10,153	⁽²⁾	$	362,495
Preliminary goodwill from current fiscal year business combinations	444,572				—			444,572
Impairment charge	(332,602		)		—			(332,602		)
Other adjustments	(1,952		)		—			(1,952		)
Change in foreign exchange rates	(670		)		—			(670		)
Goodwill as of April 27, 2019	$	461,690		⁽¹⁾	$	10,153	⁽²⁾	$	471,843


(1)	Amounts are net of accumulated goodwill impairment charges of $0.0 million and $332.6 million as of July 28, 2018 and April 27, 2019, respectively.


(2)	Amounts are net of accumulated goodwill impairment charges of $9.3 million as of both July 28, 2018 and April 27, 2019.

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:



	April 27, 2019						July 28, 2018
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,011,880	$	93,104	$	918,776	$	197,246	$	61,543	$	135,703
Non-compete agreements	11,900		3,229		8,671		2,900		1,914		986
Operating lease intangibles	33,099		905		32,194		—		—		—
Trademarks and tradenames	67,700		11,255		56,445		1,700		981		719
Total amortizing intangible assets	1,124,579		108,493		1,016,086		201,846		64,438		137,408
Indefinite lived intangible assets:
Trademarks and tradenames	55,812		—		55,812		55,801		—		55,801
Intangible assets, net	$	1,180,391	$	108,493	$	1,071,898	$	257,647	$	64,438	$	193,209

Estimated Future Amortization Expense

The estimated future amortization expense for each of the next five fiscal years and thereafter on definite lived intangible assets existing as of April 27, 2019 is shown below:



Fiscal Year:	(In thousands)
Remaining fiscal 2019	$	24,170
2020	84,313
2021	70,739
2022	66,880
2023	67,092
2024 and thereafter	702,892
	$	1,016,086