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Note 7 - Intangible Assets and Liabilities
12 Months Ended
Jan. 30, 2021
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

7.

Intangible Assets and Liabilities

 

Intangible assets and liabilities consist of the following (in thousands):

 

   

January 30, 2021

 
   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Amount

 

Goodwill

  $ 924,134     $     $ 924,134  
                         

Intangible Assets Not Subject to Amortization:

                       

BJ’s trade name

  $ 90,500     $     $ 90,500  
                         

Intangible Assets Subject to Amortization:

                       

Member relationships

    245,000       (202,266 )     42,734  

Private label brands

    8,500       (6,611 )     1,889  

Total intangible assets

  $ 344,000     $ (208,877 )   $ 135,123  

 

   

February 1, 2020

 
   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Amount

 

Goodwill

  $ 924,134     $     $ 924,134  
                         

Intangible Assets Not Subject to Amortization:

                       

BJ’s trade name

  $ 90,500     $     $ 90,500  
                         

Intangible Assets Subject to Amortization:

                       

Member relationships

    245,000       (191,113 )     53,887  

Private label brands

    8,500       (5,902 )     2,598  

Total intangible assets

  $ 344,000     $ (197,015 )   $ 146,985  

 

The Company records amortization expenses of intangible assets as a component of SG&A. Member relationships are amortized over 15.3 years and private label brands are amortized over 12 years.

 

The Company recorded amortization expenses of $11.9 million, $13.5 million and $21.8 million as a component of SG&A for the fiscal years ended January 30, 2021, February 1, 2020 and February 2, 2019, respectively. The Company estimates that amortization expenses related to intangible assets will be as follows in each of the next five fiscal years (in thousands):

 

   

Intangible Assets

 

2021

  $ 10,483  

2022

    9,230  

2023

    7,866  

2024

    6,517  

2025

    5,630