GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Feb. 01, 2020

Goodwill and Intangible Assets Disclosure [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	59				—				59
Goodwill as of February 1, 2020	$	9,874		(1)	$	9,860		(2)	$	19,734

(1) Amounts are net of accumulated goodwill impairment charges of $292.8 million and $716.5 million as of August 3, 2019 and February 1, 2020, respectively.

(2)

Amounts are net of accumulated goodwill impairment charges of $9.3 million and $9.6 million as of August 3, 2019 and February 1, 2020.

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	February 1, 2020						August 3, 2019
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortizing intangible assets:
Customer relationships	$	1,007,084	$	142,306	$	864,778	$	1,007,089	$	111,940	$	895,149
Non-compete agreements	12,900		8,881		4,019		12,900		6,237		6,663
Operating lease intangibles	10,482		1,481		9,001		32,103		2,209		29,894
Trademarks and tradenames	67,700		23,141		44,559		67,700		14,161		53,539
Total amortizing intangible assets	1,098,166		175,809		922,357		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	$	1,153,979	$	175,809	$	978,170	$	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 February 1, 2020 is shown below:

Fiscal Year:	(In thousands)
Remaining fiscal 2020	$	42,774
2021	71,510
2022	65,893
2023	65,842
2024	66,054
2025 and thereafter	610,284
	$	922,357