| Intangible Asset [Text Block] |
9. Intangible Assets
Our intangible assets with indefinite lives consist
of: goodwill related to the Shenandoah and BOBO Intriguing Objects acquisitions; and trademarks and tradenames related to the acquisitions
of Bradington-Young, Home Meridian and BOBO Intriguing Objects. Our intangible assets with definite lives are recorded in the Domestic
Upholstery segment, consisting of Shenandoah and Sunset West trade names and customer relations. Details of our intangible assets are
as follows:
| | |
May 3, 2026 | | |
February 1, 2026 | |
| | |
Gross
carrying
amount | | |
Impairment /
Accumulated
Amortization | | |
Gross
carrying
amount | | |
Impairment /
Accumulated
Amortization | |
| Intangible assets with indefinite lives: | |
| | |
| | |
| | |
| |
| Goodwill | |
| | |
| | |
| | |
| |
| Domestic Upholstery - Shenandoah * | |
| 490 | | |
| - | | |
| 490 | | |
| - | |
| All Other - BOBO Intriguing Objects | |
| 85 | | |
| - | | |
| 85 | | |
| - | |
| Goodwill | |
| 575 | | |
| - | | |
| 575 | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Trademarks and Trade names * | |
| 2,019 | | |
| (1,114 | ) | |
| 2,019 | | |
| (1,114 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Intangible assets with definite lives: | |
| | | |
| | | |
| | | |
| | |
| Customer Relationships | |
| 23,601 | | |
| (13,134 | ) | |
| 23,601 | | |
| (12,620 | ) |
| Trademarks and Trade names | |
| 2,334 | | |
| (1,256 | ) | |
| 2,334 | | |
| (1,225 | ) |
| Intangible assets, net | |
| 27,954 | | |
| (15,504 | ) | |
| 27,954 | | |
| (14,959 | ) |
| *: | The amounts are net of impairment charges of $16.4 million related
to Shenandoah goodwill; $14.5 million related to Sunset West goodwill; $5.7 million related to certain Home Meridian trade names unrelated
to PFC and SLF, including $2.6 million recorded in fiscal 2021, $2.5 million recorded in fiscal 2025, and $558,000 recorded in fiscal
2026; and $556,000 related to the Bradington-Young trade name in the Domestic Upholstery segment. |
Amortization expenses for intangible assets with
definite lives were $545,000 and $667,000 for the first quarters of fiscal 2027 and 2026, respectively. For the remainder of fiscal 2027,
amortization expense is expected to be approximately $1.6 million
|