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Goodwill
12 Months Ended
Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
GOODWILL

The changes in the carrying amount of goodwill, which is generally not deductible for income tax purposes, for the fiscal years 2013 and 2012 were as follows:
(In thousands)
2013
2012
Beginning of year
$
13,522

$
12,282

Goodwill adjustments

1,191

Foreign currency impact
(818
)
49

Impairment loss
(12,704
)

End of year
$

$
13,522



The goodwill adjustments in 2012 were associated with our acquisition of Big Lots Canada, Inc. in the second quarter of 2011, and primarily related to fair value adjustments on our intangible assets and liabilities associated with the acquired operating leases. Our entire balance of goodwill was related to our acquisition of Big Lots Canada, Inc.

During the third and fourth quarters of 2013, our senior management team conducted certain strategic planning activities. As a result of those planning activities in the fourth quarter of 2013, we announced our intentions to wind down the operations of Big Lots Canada, Inc. The decision to wind down was considered a triggering event for the performance of an impairment review, as the wind down would result in the elimination of future cash flows from Big Lots Canada, Inc. Therefore, in the fourth quarter of 2013, we determined that our goodwill had been impaired and we recorded an impairment charge of $12.7 million. Please see the Canadian Operations section of note 12 to the consolidated financial statements for further discussion.