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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jan. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Changes in the carrying amount of goodwill during fiscal 2023 and 2024 were as follows (dollars in thousands):
GoodwillAccumulated Impairment LossesTotal
Balance as of January 29, 2022
$521,516 $(249,031)$272,485 
Goodwill from fiscal 2023 acquisition60 — 60 
Balance as of January 28, 2023
521,576 (249,031)272,545 
Goodwill from fiscal 2024 acquisition39,446 — 39,446 
Balance as of January 27, 2024
$561,022 $(249,031)$311,991 
Impairment Calculation Rates
The table below outlines certain assumptions used in our annual quantitative impairment analyses for fiscal 2024, fiscal 2023, and fiscal 2022:
Fiscal Year Ended
January 27, 2024January 28, 2023January 29, 2022
Terminal Growth Rate2.5%
2% - 3%
2% - 3%
Discount Rate10.5%11.5%10.5%
Schedule of Intangible Assets
Our intangible assets consisted of the following (dollars in thousands):
January 27, 2024January 28, 2023
Weighted Average Remaining Useful Lives (Years)Gross Carrying AmountAccumulated AmortizationIntangible Assets, NetGross Carrying AmountAccumulated AmortizationIntangible Assets, Net
Customer relationships8.0$338,117 $245,512 $92,605 $312,017 $231,028 $80,989 
Trade names, finite9.113,050 8,723 4,327 9,250 8,448 802 
Trade name, indefinite4,700 — 4,700 4,700 — 4,700 
Contract backlog2.611,600 4,335 7,265 — — — 
Non-compete agreement3.875 18 57 75 — 75 
$367,542 $258,588 $108,954 $326,042 $239,476 $86,566 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of January 27, 2024, total amortization expense for existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows (dollars in thousands):
Amount
2025$21,563 
202619,179 
202716,537 
202813,370 
20298,826 
Thereafter24,779 
Total$104,254