	February 2, 2019							February 3, 2018
(In thousands)	Gross Amount		Accumulated Amortization			Net Book Value		Gross Amount		Accumulated Amortization			Net Book Value
Amortizable trademarks	$	27,899		(19,834	)	$	8,064	$	30,861		(19,029	)	$	11,832
Amortizable franchise agreements		—		—			—		1,300		(271	)		1,029
Indefinite lived trademarks		56,687		—			56,687		56,687		—			56,687
	$	84,586	$	(19,834	)	$	64,751	$	88,848	$	(19,300	)	$	69,548

The transition from the Company's license agreements with Target Corporation and Kohl's Illinois, Inc. in the United States to new licensees has taken longer than previously estimated, and as a result, the Company's revenue projections at the end of Fiscal 2018 were significantly lower than its revenue projections at the end of Fiscal 2017. Accordingly, during its annual impairment testing for Fiscal 2018, the Company determined that projected cash flows for certain indefinite lived trademarks indicated that the fair values of these trademarks were not in excess of their carrying values, and an impairment charge of $35.5 million was recorded during the fourth quarter of Fiscal 2018 to adjust the impaired trademarks to their estimated fair value of $10.3 million. Fair value was determined using the discounted cash flow method (income approach). In conjunction with this impairment assessment, the Company concluded that the competitive and economic environment for the use of these trademarks no longer supported an indefinite life. Accordingly, these trademarks are now being amortized over their estimated remaining useful lives.

The Hi-Tec Acquisition during Fiscal 2017 resulted in trademarks valued at $53.4 million, including $52.4 million that are classified as indefinite lived and not subjected to amortization. Other indefinite lived trademarks include certain Cherokee brand trademarks in the school uniforms category that were acquired in historical transactions. The Company has acquired other trademarks that are being amortized over their estimated useful lives, which average 10 years with no residual values.

Amortization of intangible assets was $0.8 million and $0.7 million for Fiscal 2019 and Fiscal 2018, respectively. Expected amortization of intangible assets for fiscal years ending in 2020, 2021, 2022, 2023 and 2024 is approximately $0.7 million, $0.7 million, $0.6 million, $0.5 million, and $0.5 million, respectively. Trademark registration and renewal costs capitalized during Fiscal 2019 and Fiscal 2018 totaled $0.1 million in both years. Weighted-average useful life for intangible assets acquired during the year was approximately 10 years.

Goodwill arose from historical acquisitions and the Hi-Tec Acquisition that occurred during Fiscal 2017. Additional goodwill of $0.9 million was recorded during Fiscal 2018 primarily as a result of finalizing the fair values of assets and liabilities acquired during the Hi-Tec Acquisition that were simultaneously sold to third parties. A portion of goodwill was allocated based on fair value to the sales and distribution business that was sold during the fourth quarter of Fiscal 2018. (See Note 2.)