v3.25.1
Acquisition of Rogan Shoes (Tables)
3 Months Ended
May 03, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price and Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price and the allocation of the purchase price to the fair value of the assets acquired and liabilities assumed. We measured these fair values using Level 3 inputs. The excess purchase price over the fair value of net assets acquired was allocated to Goodwill.

 

(In thousands)

 

 

 

Purchase price:

 

 

 

Cash consideration, net of cash acquired

 

$

44,762

 

Fair value of contingent consideration

 

 

3,600

 

Total purchase price

 

$

48,362

 

 

 

 

 

Fair value of identifiable assets and liabilities:

 

 

 

Accounts receivable

 

$

2,365

 

Merchandise inventories

 

 

42,340

 

Other assets

 

 

2,000

 

Operating lease right-of-use assets

 

 

16,891

 

Identifiable intangible assets:

 

 

 

   Trade name

 

 

7,500

 

   Customer relationships

 

 

900

 

Goodwill

 

 

5,994

 

Total assets

 

$

77,990

 

Accounts payable

 

 

6,308

 

Operating lease liabilities

 

 

19,843

 

Deferred income taxes

 

 

974

 

Accrued and other liabilities

 

 

2,503

 

Total liabilities

 

$

29,628

 

 

 

 

 

Total fair value allocation of purchase price

 

$

48,362