GOODWILL AND INTANGIBLE ASSETS Goodwill and Intangible Assets (Tables)

3 Months Ended

Nov. 02, 2019

Goodwill and Intangible Assets [Abstract]

Carrying Value of Goodwill

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 August 3, 2019	$	432,103		(1)	$	10,153		(2)	$	442,256
Goodwill adjustment for prior fiscal year business combinations	1,424				—				1,424
Impairment charges	(423,712		)		(293		)		(424,005		)
Change in foreign exchange rates	116				—				116
Goodwill as of November 2, 2019	$	9,931		(1)	$	9,860		(2)	$	19,791

(1) Amounts are net of accumulated goodwill impairment charges of $292.8 million and $716.5 million as of August 3, 2019 and November 2, 2019, respectively.

(2)

Amounts are net of accumulated goodwill impairment charges of $9.3 million and $9.6 million as of August 3, 2019 and November 2, 2019.

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	November 2, 2019						August 3, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,008,103	$	127,906	$	880,197	$	1,007,089	$	111,940	$	895,149
Non-compete agreements	12,900		7,571		5,329		12,900		6,237		6,663
Operating lease intangibles	11,748		2,451		9,297		32,103		2,209		29,894
Trademarks and tradenames	67,700		18,750		48,950		67,700		14,161		53,539
Total amortizing intangible assets	1,100,451		156,678		943,773		1,119,792		134,547		985,245
Indefinite lived intangible assets:
Trademarks and tradenames	55,813		—		55,813		55,813		—		55,813
Intangible assets, net	$	1,156,264	$	156,678	$	999,586	$	1,175,605	$	134,547	$	1,041,058

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 November 2, 2019 is shown below:

Fiscal Year:	(In thousands)
Remaining fiscal 2020	$	64,180
2021	71,510
2022	65,893
2023	65,842
2024	66,054
2025 and thereafter	610,294
	$	943,773