Note 3. Goodwill and Other Intangible Assets

Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. Goodwill and other long-lived assets are reviewed for impairment if circumstances indicate that the carrying amount may not be recoverable.

During fiscal 2019, the Company fully impaired its vendor relationships and the Company recognized an impairment loss of $0.8 million.

During fiscal 2018, the Company concluded, based on continued operating losses for the etailz segment driven by lower than expected operating results culminating in the fourth quarter of fiscal 2018 that a triggering event had occurred, and an evaluation of intangible assets for impairment was required. Intangible assets related to technology and vendor relationships were written down to their estimated fair value at the end of fiscal 2018 resulting in the recognition of asset impairment charges of $16.4 million. As a result of the annual goodwill impairment review, it was determined that the goodwill balance was fully impaired, and the Company recognized an impairment loss of $39.2 million.

The Company continues to amortize certain vendor relationships, technology, and trade names and trademarks that have finite lives.

Identifiable intangible assets as of February 1, 2020 consisted of the following:

(amounts in thousands)	February 1, 2020
	Weighted Average Amortization Period (in months)		Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount

Vendor Relationships		120	$	19,100	$	4,513	$	14,587	$	-
Technology		60		6,700		3,466		2,587		647
Trade names and trademarks		60		3,200		2,087		-		1,113
			$	29,000	$	10,066	$	17,174	$	1,760

The changes in net intangibles and goodwill from February 2, 2019 to February 1, 2020 were as follows:

(amounts in thousands)	February 2, 2019		Amortization		Impairment		February 1, 2020

Amortized intangible assets:
Vendor relationships	$	880	$	115	$	765	$	-
Technology		1,035		388		-		647
Trade names and trademarks		1,753		640		-		1,113
Net amortized intangible assets	$	3,668	$	1,143	$	765	$	1,760

The changes in net intangibles and goodwill from February 3, 2018 to February 2, 2019 were as follows:

(amounts in thousands)	February 3, 2018		Amortization		Impairment		February 2, 2019

Amortized intangible assets:
Vendor relationships	$	16,612	$	1,910	$	13,822	$	880
Technology		4,962		1,340		2,587		1,035
Trade names and trademarks		2,393		640		-		1,753
Net amortized intangible assets	$	23,967	$	3,890	$	16,409	$	3,668

Unamortized intangible assets:
Goodwill	$	39,191	$	-	$	39,191	$	-
Total unamortized intangible assets	$	39,191	$	-	$	39,191	$	-

Estimated amortization expense for the remaining useful lives of the intangible assets is as follows (amounts in thousands):

Fiscal Year	Amortization

2020	$	1,028
2021		732
2022		-
2023		-
2024		-
Thereafter		-