Intangible Assets (Tables)

12 Months Ended

May 03, 2020

Summary of Intangible Assets

A summary of intangible assets follows:

(dollars in thousands)	May 3, 2020		April 28, 2019
Tradenames	$	540	$	7,232
Customer relationships, net		2,238		2,538
Non-compete agreement, net		602		678
	$	3,380	$	10,448	(1)

(1) At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Summary of Change in Acquired Tradenames

A summary of the change in the carrying amount of our tradenames follows:

(dollars in thousands)	2020			2019		2018
beginning balance	$	7,232			683		683
acquisition of assets (note 3)		—			6,549		—
loss on impairment - continuing operations		(143	)
loss on impairment - discontinued operations (note 3)		(6,549	)		—		—
ending balance	$	540			7,232		683

Customer Relationships [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our customer relationships follows:

(dollars in thousands)	2020			2019			2018
beginning balance	$	2,538			2,839			664
acquisition of assets (note 2)		—			—			2,247
amortization expense		(300	)		(301	)		(72	)
loss on impairment		—			—			—
ending balance	$	2,238			2,538			2,839

Non-Compete Agreement [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our non-compete agreement follows:

(dollars in thousands)	2020			2019			2018
beginning balance	$	678			753			828
amortization expense		(76	)		(75	)		(75	)
loss on impairment		—			—			—
ending balance	$	602			678			753