Asset Impairments |
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| Intangible Asset, Goodwill and Other [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Asset Impairments | 4. Asset Impairments Long-lived Asset Impairments For the thirteen weeks ended August 1, 2026, the Company recorded an $0.1 million of noncash impairment charges related to leasehold improvements at certain store locations. For the twenty-six weeks ended August 1, 2026, the Company recorded $0.3 million of noncash impairment charges related to leasehold improvements at certain store locations driven by the actual performance at these locations. The Company reduced the net carrying value of certain long-lived assets to their estimated fair value, which was determined using a discounted cash flow method. For the thirteen weeks ended August 2, 2025, the Company recorded an immaterial amount of noncash impairment charges related to leasehold improvements at certain store locations. For the twenty-six weeks ended August 2, 2025, the Company recorded noncash impairment charges of $0.2 million primarily related to leasehold improvements at certain store locations driven by the actual performance at these locations. Goodwill and Other Intangible Assets The balance of goodwill was $59.7 million at August 1, 2026 and January 31, 2026. The accumulated goodwill impairment losses as of August 1, 2026 and February 1, 2025 were $137.3 million. A summary of other intangible assets as of August 1, 2026 and January 31, 2026 is as follows (in thousands):
Total amortization expense for these amortizable intangible assets was $1.1 million and $1.2 million for the thirteen weeks ended August 1, 2026 and August 2, 2025, respectively, and $2.3 million for the twenty-six weeks ended August 1, 2026 and August 2, 2025, respectively. The estimated amortization expense for each of the next five years and thereafter is as follows (in thousands):
(1) Represents amortization expense for the remainder of Fiscal Year 2026. Impairment Tests Goodwill and indefinite-lived intangible assets are not amortized but are reviewed for impairment at least annually, or more frequently when events or changes in circumstances indicate that the carrying value may not be recoverable. Definite-lived intangible assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable. Judgments regarding indicators of potential impairment are based on market conditions and operational performance of the business. During the thirteen and twenty-six weeks ended August 1, 2026 and August 2, 2025, the Company did not identify any events or circumstances that indicated the fair value of a reporting unit was less than its carrying value. |
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